With a staggering $125 million secured in a Series A growth equity investment led by NYC-based venture capital firm, Left Lane Capital, iTrustCapital has proven itself the industry leader within the Crypto IRA arena. The pioneering software platform for buying and selling cryptocurrencies through individual retirement accounts (IRAs) announced the Series A investment with a post-money valuation exceeding $1.3 billion.
This game-changing cryptocurrency IRA software platform, launched in July 2019, was bootstrapped with a $1.3 million friends and family seed investment and generated significant profits over the last two years. With the new proceeds in the bank, iTrustCapital plans to scale its client servicing and development teams, launch new products, explore strategic acquisitions, and expand the brand via multiple marketing channels and partnerships.
Now, US investors can participate in the blockchain economy and other alternative investment products through self-directed IRAs using a simple, secure software platform.
“We are thrilled to complete our Series A with Left Lane Capital,” said iTrustCapital CEO Todd Southwick. “We bootstrapped ourselves into the position as the industry leader by focusing on having the best product with excellent client service – and thus grew organically within the crypto community. Having the backing of such a reputable fund and access to a highly talented team offers us great strength and further credibility as we bring our service to the tens of millions of new investors coming into this rapidly expanding market.”
“We are equally excited to partner with iTrustCapital to help support their mission to provide access to cryptocurrency and other alternative investment products through self-directed IRAs,” said Left Lane’s Matthew Miller, who is joining the company’s Board of Directors. “We were impressed by iTrustCapital’s lean, focused approach, world-class management team, significant revenue growth, and strong reputation in the crypto IRA ecosystem. iTrustCapital serves clients that seek long-term, tax-advantaged exposure to cryptocurrency as an asset class – a formidable and fast-growing market opportunity that traditional financial institutions have not addressed.”
iTrustCapital set out to simplify the daunting crypto IRA investment process, empowering millions of investors who are keen to participate in the economic growth of this asset class. The company continues to enhance its award-winning platform and customer onboarding experience with an intuitive user interface and is committed to providing the tools, products, and resources needed for its clients to be successful over the long term. Achieving high consumer trust levels – built on a foundation of transparency, security, excellent service, and long-term client relationships – are paramount for iTrustCapital. Transforming this market will help unleash $13 trillion worth of U.S. retirement assets into alternative assets.
iTrustCapital’s loyal client base comprises thousands of working professionals with a newfound passion for cryptocurrency as a viable alternative asset class over the long-term, leveraging the tax advantages of a self-directed and qualified IRA account.
Aside from launching a new app, the Crypto IRA software pioneer previously announced dropping its $29.95 monthly fee on all new and existing accounts, with incentives that will directly target a broader range of investors seeking secure access to low-cost solutions and diversified products.
iTrustCapital is also exploring the potential to provide new features to clients in the near-term, including crypto staking services and the ability to participate in governance activities through governance tokens like Uniswap, Compound, MakerDAO, Sushi, Polkadot, and more.
iTrustCapital, in connection with its partners and vendors, attracted over $2 billion in assets and over 25,000 client-funded accounts since inception. Earlier this year, iTrustCapital was voted Innovator of the Year and #1 Crypto Investment Platform by the IMA Impact21 Awards. The company grew from $2 billion to more than $4.5 billion in total transaction volume within the last six months and has received 1,825 Trust Pilot reviews, boasting an “Excellent” 4.5-star average rating. iTrustCapital consistently has excellent ratings and offers the lowest fees among its competitors while focusing on efficiencies made possible through scalable technology.
iTrustCapital is the #1 Crypto IRA software platform in America that allows clients to transact in cryptocurrencies with the tax advantages of their IRA. iTrustCapital’s revolutionary software platform eliminates the costly inefficiencies and outdated processes of previous IRA models, opening the door for investors to access various digital assets through their retirement accounts –at costs lower than other IRA companies. Headquartered in Long Beach, CA, iTrustCapital was founded in 2018 by Todd Southwick and Blake Skadron. iTrustCapital’s software platform is available to all qualified US-based investors (excluding HI and NYC) and currently provides access to 26 cryptocurrencies, as well as physical gold and silver. iTrustCapital continues to review and add new assets frequently to meet demand.
For more information about iTrustCapital, visit itrustcapital.com.
Kevin Maloney, MBA
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