Alto, founded in 2015, is a financial technology company that strives to provide a user-friendly platform for self-directed Individual Retirement Accounts (IRAs). The company seeks to simplify and make affordable the process of investing in alternative assets using tax-advantaged retirement funds. By offering comprehensive tools and resources, Alto aims to empower individuals to diversify their retirement portfolios beyond traditional assets and into alternatives such as private equity, real estate, and cryptocurrency. Alto is headquartered in Nashville, Tennessee.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
01/05/2022 | Series B | $41MM | $xx.xx | $317.92MM | Acrew Capital, Advance Venture Partners, Alpha Edison, Coinbase Ventures, Foundation Capital, Gaingels, Unusual Ventures | |
Price per Share
$xx.xx
Shares Outstanding
8,993,584
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Acrew Capital, Advance Venture Partners, Alpha Edison, Coinbase Ventures, Foundation Capital, Gaingels, Unusual Ventures
|
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04/20/2021 | Series A-2 | $1.01MM | $xx.xx | $85.88MM | Acrew Capital, Alpha Edison, Carta, Coinbase Ventures, Franklin Templeton, Moment Ventures, New York Life Ventures, Stone Ridge Holdings Group, Unusual Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,322,343
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Acrew Capital, Alpha Edison, Carta, Coinbase Ventures, Franklin Templeton, Moment Ventures, New York Life Ventures, Stone Ridge Holdings Group, Unusual Ventures
|
||||||
04/20/2021 | Series A-1 | $21.7MM | $xx.xx | $85.88MM | Acrew Capital, Alpha Edison, Carta, Coinbase Ventures, Franklin Templeton, Moment Ventures, New York Life Ventures, Stone Ridge Holdings Group, Unusual Ventures | |
Price per Share
$xx.xx
Shares Outstanding
13,860,161
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Acrew Capital, Alpha Edison, Carta, Coinbase Ventures, Franklin Templeton, Moment Ventures, New York Life Ventures, Stone Ridge Holdings Group, Unusual Ventures
|
||||||
03/06/2019 | Series Seed-4 | $2.88MM | $xx.xx | $25.39MM | Amplify.La, First Check, Foundation Capital, Green D Funds, Jake Gibson, Scout Fund | |
Price per Share
$xx.xx
Shares Outstanding
3,871,034
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplify.La, First Check, Foundation Capital, Green D Funds, Jake Gibson, Scout Fund
|
||||||
10/20/2017 | Series Seed-2 | $1.53MM | $xx.xx | $20.83MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,805,382
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
10/20/2017 | Series Seed-3 | $3.18MM | $xx.xx | $20.83MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,064,840
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
10/20/2017 | Series Seed-1 | $4.33MM | $xx.xx | $20.83MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,725,504
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|