# iraLogix

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iralogix

- Industry: Software
- Headquarters: Pittsburgh, US
- Website: www.iralogix.com
- Total disclosed funding: $27M
- Latest round: Series C (May 20, 2022)
- Investors on record: 8

## About

iraLogix, Inc. provides advanced technology solutions for the wealth management industry through its innovative cloud-native IRA platform, enabling financial institutions to enhance their service offerings and improve access to retirement savings for diverse clients.Founded in 2015 and headquartered in Pittsburgh, US, iraLogix, Inc. specializes in delivering Institutional IRA solutions. The company was co-founded by Joe Hipsky, Peter Littlejohn, and Timothy Haluszczak, with David Bernard serving as its CEO. In May 2022, iraLogix raised USD 14.20 mn in Series C funding, bringing its total amount raised to USD 14.20 mn with a current valuation of USD 69.43 mn. This funding round attracted both new and returning investors, including Hybrid Capital and Circadian Ventures.iraLogix specializes in providing advanced technology solutions tailored for the wealth management industry, primarily through its cloud-native, white-labeled IRA platform. The core offering allows financial institutions to implement Institutional IRA solutions without account minimums, broadening access to retirement saving options for diverse clients, including those with lower net worth or limited investment experience. This platform supports various IRA products, including Traditional and Roth IRAs, SEP and SIMPLE IRA Plans, and Automatic IRA Rollovers. By leveraging proprietary Software as a Service (SaaS) technology, iraLogix enables financial firms to enhance efficiency while eliminating the constraints of legacy systems. The company's solutions are particularly focused on markets in the United States, aiming to empower wealth management firms to serve a wider range of investors effectively.iraLogix generates revenue primarily through partnerships and subscriptions tied to its SaaS offering. Financial institutions that adopt its technology pay for the use of the platform, which simplifies IRA account administration and compliance requirements. The revenue structure is designed to facilitate B2B transactions, wherein iraLogix collaborates with wealth management firms to provide branded IRA solutions that enhance their service offerings. Specific pricing plans for these technology solutions are not publicly disclosed; however, clients benefit from retaining account ownership and assets under management while outsourcing administrative tasks to iraLogix. The company’s focus on institutional share class investments further positions it to capture a growing segment of the IRA market, ensuring sustainability and profitability for its client base.In May 2022, iraLogix raised USD 14.20 mn in Series C funding, which will be utilized to expand its growth, develop new platform features, and increase sales efforts. The company is actively working on designing new products aimed at enhancing the functionality of its existing IRA platform. Additionally, iraLogix plans to enter new markets within the wealth management sector across the United States, with specific strategies expected to be implemented by the end of 2023.

## Funding rounds

- Series C, May 20, 2022, $14M — Riverfront Ventures, Hybrid Capital, University Growth Fund, Great North Ventures, Trog Hawley Capital, Circadian Ventures, Roan Capital
- Series B, Dec 10, 2020, $7.5M — Riverfront Ventures, Great North Ventures, Trog Hawley Capital, Circadian Ventures
- Series A, Oct 18, 2018, $5M — Riverfront Ventures, Integrated Retirement Initiatives (IRI)

## Investors

- Riverfront Ventures (https://capitalatlas.ai/funds/riverfront-ventures) — Series A, Series B, Series C
- Integrated Retirement Initiatives (IRI) — Series A
- Great North Ventures (https://capitalatlas.ai/funds/great-north-ventures) — Series B, Series C
- Trog Hawley Capital — Series B, Series C
- Circadian Ventures (https://capitalatlas.ai/funds/circadian-ventures) — Series B, Series C
- Hybrid Capital — Series C
- University Growth Fund (https://capitalatlas.ai/funds/university-growth-fund) — Series C
- Roan Capital — Series C