Rally, a NYC-based platform that allows retail investors to invest in collectible assets, raised $30m in Series B funding.
The round was led by Accel, with participation from existing investors Upfront Ventures, Social Leverage and others. Additionally, Rally has secured a $50M debt facility from Upper90 Capital.
The company will use the funds to accelerate:
- expansion into new categories including cash-flow producing assets like intellectual property, royalties, real estate and more,
- user acquisition and
- hring in areas such as technology, digital content creation and compliance.
Led by George Leimer, CEO, Rally provides a platform where unique, high-value assets are securitized, split into shares, and offered as equity investments to users of all income levels.
The company is adding NFTs, as well as a new trading experience with real-time trading of all assets on coming later this year. Its secondary trading platform also continues to grow, with Q1 transaction volume up 450% as compared to the same period the prior year.
The app is now available for iPhone, Android or Web.