According to AltoIRA, Republic’s members may now invest in privately-held startups using their IRAs. AltoIRA allows individuals to set up an IRA to invest in alternative assets including private equity, real estate investments, venture capital, private funds, cryptocurrency, securitized art, and more. AltoIRA currently partners with over 20 investment platforms, including Republic, AngelList, Masterworks, and EquityZen, and more.
AltoIRA is also currently raising capital on Republic.
According to the offering page, AltoIRA is seeking up to $1.07 million (the Reg CF funding cap) in a SAFE with a 10% discount. AltoIRA has a valuation cap of $30 million. At the moment, 414 investors have committed $356,000.
Eric Satz, founder and CEO of AltoIRA, said they are committed to leveling the playing field when it comes to providing oopportunities to investrors and accessing alternative asset classes:
“Through our partnership with Republic, investors can now use their IRAs to invest in mission-driven startups like AltoIRA. We have several additional partnerships in the works that will provide retirement savers with even more opportunities to diversify their savings in long-term investments with higher returns.”
AltoIRA reports that its investors invest 4x the amount than non-Alto investors do, per investment. Additionally, Alto investors go on to make 2x the number of investments as non-Alto investors.
The offering page states that Alto has 1,230+ active, funded accounts with approximately 3,000 active investments and more than $75 million in assets under custody.
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