Alto Solutions, Inc., a Nashville, Tenn.-based self-directed IRA platform for individuals to access and invest in alternative assets using their retirement funds, closed a $17m Series A funding.
The round was led by Unusual Ventures, with participation from existing investors Moment Ventures, Acrew Capital, and Alpha Edison, and strategic investments from Carta, Coinbase Ventures, Franklin Templeton, New York Life Ventures, and Stone Ridge Holdings Group. In conjunction with the funding, Sarah Leary, co-founder of Nextdoor and partner of Unusual Ventures will join Alto’s board of directors.
The company intends to use the funds to accelerate the development of new products, further enhance its existing capabilities, and expand its product and engineering teams.
Led by Eric Satz, founder and CEO, Alto is a financial technology company that provides a self-directed IRA platform to make it easy for individuals to access and invest in alternative assets using their retirement funds. The platform streamlines the process for investors, investment funding portals, and investment sponsors alike.