Rocket Greenback, an Austin, Texas-based self-directed retirement platform, raised $8m in Sequence A financing.
The spherical was led by Park West Asset Administration with participation from Hyphen Capital, Moneta Enterprise Capital, Kraken Ventures, and Primetime Companions, co-founded by Alan Patricof, and present investor Positive Ventures. Moreover, former T. Rowe Worth International Funding Providers CEO and President Todd Ruppert will be a part of Rocket Greenback’s Board.
The corporate intends to make use of the funds to speed up product growth, improve buyer expertise, double down on cybersecurity, and develop funding training and content material.
Led by Henry Yoshida, CEO and Co-Founder, Rocket Greenback gives self-directed retirement accounts to people who need to use their retirement financial savings to put money into any different asset allowed by the IRS resembling actual property, crypto, startups, lending, and extra, with out shedding any IRA tax advantages. It has prospects in all 50 states.