AltoIRA
The Alternative IRA for investing in crowdfunding, PE, VC, crypto & more
Analytics
Raised to Date: $1,070,000
Aggregate Commitments $
Republic
09/17/2020
10/31/2020
$25,000
$1,070,000
$100
SAFE
RegCF
Seed
$30,000,000
10%
Weekly Commitments $
10/31/2020
4,280%
100%
$24,318
1,624
Nashville, Tennessee
Financial & Insurance Products & Services
Fintech
B2C
Medium
Low
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 |
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