Alto, a Nashville, TN-vased alternative asset investment startup, secured $5.4m in funding.
The round was led by Jefferson River Capital and Moment Ventures, with participation from Foundation Capital, Sequoia’s Scout Fund, and Amplify.LA.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Eric Satz, Alto provides a fintech platform that allows investors to add alternative assets such as investments in startups, growth companies, real estate, loans, digital assets and more, to their IRAs.
The platform provides users with an interface to manage their retirement assets by targeting and investing in a diversified portfolio of alternative assets they believe in.