Rocket Greenback, an Austin, Texas-based self-directed retirement platform that helps individuals with particular person retirement accounts and Easy 401(okay)s spend money on options, has raised $8 million in Sequence A financing.
The spherical was led by Park West Asset Administration with participation from Hyphen Capital, Amaranthine, Kraken Ventures and Primetime Companions. Present investor Certain Ventures additionally participated, the corporate stated in a launch.
Rocket Greenback will use the funding to speed up product growth, improve the client expertise, improve cybersecurity and develop funding training and content material.
The corporate makes a speciality of facilitating investments in options together with actual property, personal fairness, startups and cryptocurrency, throughout the framework of an IRA.
As well as, Rocket Greenback stated Todd Ruppert, the previous CEO and president of T. Rowe Value International Funding Companies, will be a part of its advisory board.
[More: Wealthtech funding drops 21% to $4.4 billion in Q2]
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