Monetary Metals, a Scottsdale, Ariz.-based gold company, closed its second equity capital round, bringing the total raised to $1.5m.
Backers included individual high net worth investors globally.
The company will use the proceeds to continue to hit its milestones.
Led by Keith Weiner, CEO, Monetary Metals provides a marketplace where savers earn interest on their gold, and businesses obtain gold financing.
Monetary Metals’ market analysis and proprietary charts, including the gold forward rate, are followed by gold investors and gold-using business. The company’s content is widely syndicated on gold, alternative investing, and mainstream sites.