# Alto Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alto-solutions

- Industry: Software
- Headquarters: Nashville, US
- Website: www.altoira.com
- Total disclosed funding: $65M
- Latest round: Series B (Dec 20, 2021)
- Investors on record: 17

## About

Alto Solutions, Inc., based in the US, operates a self-directed IRA platform named AltoIRA, enabling investors to diversify into alternative assets like private equity and cryptocurrencies through a user-friendly digital interface.Founded in 2015 and headquartered in Nashville, US, Alto Solutions, Inc. specializes in providing self-directed Individual Retirement Accounts (IRAs) that enable investments in alternative assets. The company has successfully completed 7 funding deals, with the most recent being a Series B round in December 2021, raising USD 40.00 mn led by Advance Venture Partners, alongside prominent investors such as Coinbase Ventures and Foundation Capital. The company was co-founded by Murad Abumoghli, who has a background in financial technology.Alto Solutions, Inc., through its brand AltoIRA, provides a self-directed Individual Retirement Account (IRA) platform that facilitates alternative investments including private market assets and cryptocurrencies. Users can access a diverse range of asset classes via a seamless digital interface, investing in private equity, real estate, and over 200 cryptocurrencies. The company's services aim to align investment strategies with long-term financial goals, catering primarily to individual investors seeking to enhance their retirement savings through alternative avenues.In the year 2020, Alto Solutions, Inc. generated a revenue of USD 400,000, primarily through account fees and transaction fees related to its self-directed IRA services, which include a quarterly account fee and a one-time transaction fee for initial investments via the Private Raise Portal.Alto Solutions, Inc. plans to utilize the USD 40.00 mn raised in the Series B funding round to enhance the capabilities of its Alto IRA and Alto CryptoIRA platforms. The company aims to expand its operations by hiring new staff and developing new products to better serve its clients. Additionally, there are intentions to penetrate new markets with a focus on increasing access to alternative investments, thereby facilitating broader adoption among investors.

## Funding rounds

- Series B, Dec 20, 2021, $40M — Foundation Capital, Advance Venture Partners, Alpha Edison, Gaingels, Unusual Ventures, Coinbase Ventures, Acrew Capital
- Series A, Apr 6, 2021, $17M — Stone Ridge Ventures, Franklin Templeton, Moment Ventures, Alpha Edison, Gaingels, NYL Ventures, Unusual Ventures, Coinbase Ventures, Acrew Capital, Carta Ventures
- Seed, Aug 29, 2019, $5.4M — Hong Shan, Foundation Capital, Amplify, Moment Ventures, Jefferson River Capital
- Seed, Mar 6, 2019, $2.8M — Hong Shan, Foundation Capital, Amplify, Alumni Ventures Group, Scout Investments

## Investors

- Hong Shan — Seed
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed, Series B
- Amplify (https://capitalatlas.ai/funds/amplify) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Scout Investments — Seed
- Moment Ventures (https://capitalatlas.ai/funds/moment-ventures) — Seed, Series A
- Jefferson River Capital — Seed
- Stone Ridge Ventures (https://capitalatlas.ai/funds/stone-ridge-ventures) — Series A
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series A
- Alpha Edison (https://capitalatlas.ai/funds/alpha-edison) — Series A, Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A, Series B
- NYL Ventures (https://capitalatlas.ai/funds/nyl-ventures) — Series A
- Unusual Ventures (https://capitalatlas.ai/funds/unusual-ventures) — Series A, Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A, Series B
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Series A, Series B
- Carta Ventures (https://capitalatlas.ai/funds/carta-ventures) — Series A
- Advance Venture Partners (https://capitalatlas.ai/funds/advance-venture-partners) — Series B