Alt, a NYC-based modern investment platform that lets users buy and sell alternative assets, raised $200m in new debt financing.
The round was led by Atalaya Capital Management.
Alt is an alternative investment platform that leverages its proprietary valuation data, vaulting infrastructure, and blockchain technology to bridge the physical and digital worlds, creating more investment opportunities for alternative assets.
The new funding follows the introduction of Alt Advance, a new lending product that lets investors borrow cash against their vaulted assets without having to sell them. It provides liquidity against graded collectibles such as trading cards, watches, and sneakers, giving them a similar utility that is also afforded to traditional assets.
Alt has raised a total of $106M in equity and is valued at over $325 million. Investors include notable VCs Spearhead, BoxGroup, and Alexis Ohanian’s Seven Seven Six and professional athletes such as Tom Brady, Giannis, and Thanasis Antetokounmpo, Kevin Durant, Alex Morgan, Candace Parker, and Marlon Humphrey.
FinSMEs
02/08/2022