AltoIRA enables individuals invest in startups using IRAs

AltoIRA enables individuals invest in startups using IRAs

Published: 28-09-2020 15:06:01 | By: Pie Kamau | hits: 4345 | Tags:

AltoIRA, a technology platform that simplifies and streamlines the process for investors to add alternative assets to their IRAs announced a new partnership with Republic, a leading investment platform for startups. The partnership enables Republic's members to invest in privately-held startups using their IRAs, helping to unlock the $30 trillion in investable assets that are currently out-of-reach in public market retirement accounts.

AltoIRA allows individuals to easily set up an IRA to invest in alternative assets - private equity, real estate investments, venture capital, private funds, cryptocurrency, securitized art, and more. AltoIRA then simplifies the investing process through its seamless partnerships with more than 20 established investment platforms, including Republic, AngelList, Masterworks, and EquityZen, among others.

AltoIRA is also raising capital on Republic, a move that highlights the many startup investment opportunities now available to retirement investors through this partnership.

Eric Satz, founder and CEO of AltoIRA said; "We're committed to leveling the playing field for individual investors by giving them the same opportunities that institutions and high net worth investors have in accessing and holding alternative investments. 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 investors invest 4x the amount than non-Alto investors do, per investment. In addition, Alto investors go on to make 2x the number of investments as non-Alto investors. Total active investors on the AltoIRA platform have grown nearly five times in the last 12 months.

www.altoira.com