Rocket Dollar, an Austin, Texas-based self-directed retirement platform that helps people with individual retirement accounts and Simple 401(k)s invest in alternatives, has raised $8 million in Series A financing.
The round was led by Park West Asset Management with participation from Hyphen Capital, Amaranthine, Kraken Ventures and Primetime Partners. Existing investor Sure Ventures also participated, the company said in a release.
Rocket Dollar will use the funding to accelerate product development, enhance the customer experience, increase cybersecurity and expand investment education and content.
The company specializes in facilitating investments in alternatives including real estate, private equity, startups and cryptocurrency, within the framework of an IRA.
In addition, Rocket Dollar said Todd Ruppert, the former CEO and president of T. Rowe Price Global Investment Services, will join its advisory board.
Former Northwestern Mutual advisors join firm for independence.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
