Nashville-based financial services and real estate company Alto Solutions has secured $5.4 million in seed funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced August 29 and led by Jefferson River Capital.
According to its Crunchbase profile, "Alto Solutions enables you to establish a self-directed IRA and to invest your savings in real world assets like private companies, real estate, and even the building or restaurant around the corner. Alto Solutions has taken the headaches, paper cuts, and general frustration out of alternative investing so you can focus entirely on the excitement of fueling the people, projects, and passions you know and trust."
The four-year-old startup has raised two previous funding rounds, including a $2.8 million seed round earlier this year.
Over the past year, four Nashville-based financial services companies have secured venture funding, totaling $10 million in new investment to the local industry.
In other local funding news, video company Soundstripe announced a $2 million Series A funding round on August 16, financed by Craft Ventures.
According to Crunchbase, "Soundstripe is a License unlimited top quality songs for film. Music licensing for the modern world."
The company also raised a $4 million Series A round earlier this year.