Rocket Dollar, an Austin, Texas-based self-directed retirement platform, raised $8m in Series A financing.
The round was led by Park West Asset Management with participation from Hyphen Capital, Moneta Venture Capital, Kraken Ventures, and Primetime Partners, co-founded by Alan Patricof, and existing investor Sure Ventures. Additionally, former T. Rowe Price Global Investment Services CEO and President Todd Ruppert will join Rocket Dollar’s Board.
The company intends to use the funds to accelerate product development, enhance customer experience, double down on cybersecurity, and expand investment education and content.
Led by Henry Yoshida, CEO and Co-Founder, Rocket Dollar provides self-directed retirement accounts to individuals who want to use their retirement savings to invest in any alternative asset allowed by the IRS such as real estate, crypto, startups, lending, and more, without losing any IRA tax benefits. It has customers in all 50 states.
FinSMEs
09/09/2021