AltoIRA

Neutral
BETA

The Alternative IRA for investing in crowdfunding, PE, VC, crypto & more

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Republic

Start Date

09/17/2020

Close Date

10/31/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$30,000,000

Discount Rate

10%

Weekly Commitments $
Status
Funded
Reporting Date

10/31/2020

Days Remaining
Funded
% of Min. Goal

4,280%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$24,318

# of Investors

1,624

Momentum
Funded
Location

Nashville, Tennessee

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

AltoIRA, with a $30 million valuation cap, is raising funds on Republic. The company is modernizing IRA investing through promoting digital self-directed IRA. The company’s platform allows individuals to set up their IRA to invest in alternative assets, including private equity, private funds, venture capital, cryptocurrency, securitized art, and more. Eric Satz founded AltoIRA in April 2018 and has raised over $9.8 million in previous rounds of financing. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $1,070,000. AltoIRA has more than 1,230 active users with over 3,000 active investments and more than $75 million in assets under custody. The company has also partnered with 21 investment platforms, including AngelList, Republic, and Masterworks.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$78,574

$9,416

COGS

$75,831

$35,798

Tax

$0

$0

 

 

Net Income

$-1,978,778

$-738,128

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$3,095,094

$730,693

Accounts Receivable

$14,275

$3,366

Total Assets

$4,180,111

$1,513,479

Short-Term Debt

$97,882

$6,569

Long-Term Debt

$0

$0

Total Liabilities

$97,882

$6,569

Ratings

last updated 11/24/2020

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