Rialto Markets
Growth Stage
Bringing Private Markets to the Public
Overview
Raised: $39,982
Total Commitments ($USD)
Platform
Netcapital
Start Date
09/07/2023
Close Date
09/22/2023
Min. Goal
$10,002
Max. Goal
$522,480
Min. Investment
$498
Security Type
Other Security Type
SEC Filing Type
RegCF
Price Per Share
$24.88
Pre-Money Valuation
$51,009,897
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,665
Momentum
Funded
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Year Founded
2016
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Location
New York, New York
Rialto Markets, with a valuation of $50 million, is raising funds on Netcapital. The company is a fully regulated broker-dealer that empowers private companies to raise money through crowdfunding and institutional investment. It has built a regulated platform with a unique infrastructure for private companies to raise capital and secondary trading of their shares. Rialto Markets is led by an experienced team and is actively raising over $200 million, and has over $730 million in signed contracts on its platform. Shari Noonan, Joel Steinmetz, and Rob Noonan founded Rialto Markets in August 2016. The current crowdfunding campaign has a minimum target of $10,001.76 and a maximum target of $522,480. The campaign proceeds will be used for technology, marketing, and general and administrative expenses.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$741,235 |
$168,810 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$8,539,957 |
$-3,854,320 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$640,420 |
$748,758 |
|
Accounts Receivable |
$3,576 |
$3,576 |
|
Total Assets |
$702,749 |
$771,223 |
|
Short-Term Debt |
$720,000 |
$466,656 |
|
Long-Term Debt |
$3,200,000 |
$13,655,476 |
|
Total Liabilities |
$3,920,000 |
$14,122,132 |
Financials as of: 09/07/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Rialto Markets | 09/22/2023 | Netcapital | $51,009,897 | $39,982 | Other Security Type | Funded | RegCF |
| Rialto Markets | 07/31/2023 | Netcapital | $50,916,198 | $404,673 | Equity - Common | Funded | RegCF |
| Rialto Markets | 06/30/2022 | Netcapital | $54,988,141 | $167,074 | Equity - Common | Funded | RegCF |
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