Coinbase Ventures has returned to back the IRA-targeted alternatives investing scheme operator, as the unit diversifies its blockchain and crypto-themed portfolio.

Advance Venture Partners, the investment affiliate of media group Advance Publications, led a $40m series B round yesterday for Alto Solutions, a US-based retirement investment platform developer which offers options including crypto investing.

Digital currency exchange Coinbase also participated in the round, through corporate venturing arm Coinbase Ventures, alongside Acrew Capital, Alpha Edison, Foundation Capital, Gaingels and Unusual Ventures.

Founded in 2015, Alto runs retirement savings account investing schemes through its alternative assets-focused Alto IRA and cryptocurrency-oriented Alto CryptoIRA subsidiaries,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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