USA – Iralogix, a Pittsburh, PA-based provider of technology-enabled, IRA record keeping and technology solutions, raised $22M in Series C funding.
The round was led by Matt Vettel and Nick Cayer, with participation from Hybrid Capital, Roan Capital, University Growth Fund, Trog Hawley Capital, Circadian Ventures, Great North Ventures, and Riverfront Ventures. As part of the financing round, Peter de Silva, previously President of TD Ameritrade’s Retail division, President of Scottrade’s Investment Management and President/COO of UMB Financial Corporation., will be joining the IRALOGIX Board of Directors.The company intends to use the funds to expand their rapid growth, speed development of new platform features, increase its sales efforts and continue to drive an annual growth rate of over 100%.Led by CEO David Bernard and CSO Joe Hipsky, Iralogix is a technology-enabled company that provides paperless, white label IRA record keeping and technology solutions. The company’s proprietary technology solutions enable any financial institution to customize their IRA offering and compete effectively in all segments of the IRA market. Through modular technology, institutional clients have the choice to use their internal investment or advisory capabilities or select from key industry leading providers. 15/07/2022
