Alto is a next-generation self-directed IRA platform making it easier for individuals to access and invest in alternative assets using their retirement funds.
Alto offers an easy-to-use investing platform that empowers everyday investors to diversify their IRAs by investing in alternative assets such as private equity, venture capital, real estate, loans and cryptocurrency.
Alto was founded in 2016 by Eric Satz. The company is based in Nashville, Tennessee.
Alto's self-directed IRA platform has been built from the ground up to provide individuals a seamless, tax-efficient way to invest in alternative assets using their retirement savings.
Alto provides its users with access to a host of alternatives through its partnerships with over 70 investment platforms, including AngelList, Grayscale and Masterworks, the company says.
Alto hosts nearly 20,000 funded accounts representing close to $1 billion in assets— and 40% of the accounts are dedicated to holding cryptocurrency.
Alto is backed by Sequoia Capital, Franklin Templeton, Coinbase Ventures, Advance Venture Partners, Unusual Ventures, Moment Ventures, Acrew Capital, Alpha Edison, and others. The company raised $40M in Series B round on Jan 05, 2022. This brings Alto's total funding to $66.8M to date.