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AltoIRA

Operating

ALTO SOLUTIONS, INC.

Fintech · Fintech · Nashville, TN · Founded 2015

The Alternative IRA for investing in crowdfunding, PE, VC, crypto & more

Valuation cap ⓘ
$30.0M
As of Oct 2020 · from Reg CF Offering (2020) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$69,773,322
Crowd $995K · Private $68.8M · 7 rounds since 2017
Latest share price
$0.6276
Rule 506(b) · Equity · Jan 2020 disclosed sale

Financials

FY2018–FY2020 · from SEC filings · hover any figure for its source
$9K
−$738K
2018
$79K
−$2.0M
2019
$394K
−$3.7M
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed
FY2020 unaudited
Income statement
Revenue
$9,416
$78,574
$394,309
Cost of goods sold
$35,798
$75,831
$87,111
Gross margin
-280%
3%
78%
Net income
-$738,128
-$1,978,778
-$3,717,145
Taxes paid
$0
$0
$0
Balance sheet
Cash
$730,693
$3,095,094
$5,941,997
Accounts receivable
$3,366
$14,275
$81,143
Total assets
$1,513,479
$4,180,111
$8,186,716
Short-term debt
$6,569
$97,882
$138,940
Long-term debt
$0
$0
$2,140,747
Total liabilities
$6,569
$97,882
$2,279,687
Other
Headcount
—
27
48

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$3.6M
est. pre-money
$30.0M
Valuation cap
Section 4(a)(2) · Series Seed-2 Preferred · Aug 2019
Reg CF · SAFE · Sep 2020

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Share price over rounds

$0.6276$0.3138$0.3261
Oct 2017Jan 2020
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2019
ClassOutstandingVotes / shareShare of totalLast price
Preferred Stockpreferred13,552,568—100.0%—

Shares outstanding over timein today's share terms

14M6.8M0
Dec 2018Dec 2019
Preferred StockRound opened

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $39.9MInvestors 22
Raised $17MInvestors 27
Raised $2.9MInvestors 24
Reg CF · SAFE · Sep 2020Closedvia Republic
Raised $995.3K / $1.1MInvestors 1,646Valuation cap $30M
Raised $3.5MInvestors 30
Raised $2.9MInvestors 19

Team

2 people
/s/ Eric Satz
CEO, President & Director
/s/ William Guttman
William Guttman

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 6 annual reports (FY2020–FY2025)

1,646 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form DJan 4, 20220001719369-22-000001
    EDGAR
  • Form DApr 20, 20210001719369-21-000004
    EDGAR
  • Form C-ARApr 6, 20210001719369-21-000002
    EDGAR
  • Form C-TRApr 6, 20210001719369-21-000003
    EDGAR
  • Form C-UJan 14, 20210001719369-21-000001
    EDGAR
  • Form DNov 12, 20200001719369-20-000007
    EDGAR
  • Form C-UOct 29, 20200001719369-20-000006
    EDGAR
  • Form C/ASep 18, 20200001719369-20-000005
    EDGAR
Source: ManualCIK 0001719369DEShare price $0.5448

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.