KC investors power $4.5M round for OP startup poised to ‘unlock billions’ for its customers
May 5, 2022 | Startland News Staff
Overland Park-based Realto has closed a $4.5 million funding round — thanks in large part to the backing of Kansas City-based investors.
“We’re excited to welcome these important investors as we continue to expand our robust trading capabilities across the universe of alternative products,” Brian King, co-founder and CEO, said in announcement of the funding round which was led by Firebrand Ventures and received support from KCRise Fund.
The injection is expected to further fuel growth of Realto — the first fully-automated online marketplace for secondary trading of illiquid real estate and alternative securities — and support key hires.
“We are thrilled to lead this round in Realto,” said John Fein, Firebrand Ventures managing partner and newly announced Realto board member.
“The team has deep experience building exchanges and facilitating commercial real estate transactions, and is targeting a huge addressable market of traditionally illiquid real estate and other alternative assets,” he continued. “The Realto platform is poised to unlock billions of dollars of value for their customers and we’re very excited to support their growth.”
In 2020, the company raised $3.5 million in a round led by Gary Fish, founder of Fishtech Group and a nationally known thought leader within the cybersecurity space, and JE Dunn Construction.
Darcy Howe and Ed Frindt, KCRise Fund
New funding for the company follows several months of successes including clearances by the Financial Industry Regulatory Authority and the U.S. Securities and Exchange Commission, the company said, noting indicators that brought investors such as Darcy Howe and KCRise Fund eagerly to the table.
“KCRise Fund is delighted to invest in Realto and its seasoned leaders,” said Howe, managing director, noting King’s track record as former vice president of the now-exited Bats Global Markets.
“The team has an established history of successfully disrupting highly complex industries and we are excited to partner with them in scaling their private securities marketplace.”
Click here to learn more Realto and how its platform works.
Related Posts on Startland News
Scout charts pre-seed funding from Midwest investors at KCRise Fund, eGrowth Ventures
The just-announced pre-seed round for an emerging innovator in veterinary medicine software is expected to help the Kansas City-built startup deepen its product capabilities, further strengthen its core technology, and strategically grow its team to meet rising demand. “Closing this round gives us the resources and momentum to execute on our mission,” said Dr. Gonzalo…
GRWM: Founder has more than swag; his platform matches companies with merch Gen Z will actually wear
A lot of branded swag gets buried at the bottom of a drawer after being collected from a special event or trade show — never again to see the light of day, Ivan Hadzhiev said, noting his new startup is helping companies think outside the bag when they design and distribute promotional products. “We’re making…
Roz audits its path to $2.15M in early funding; how KC helped this AI startup scale its potential
A series of funding wins is boosting a Kansas City startup’s efforts to automate the most complex — and tedious — parts of compliance work, drawing from the co-founder’s own pain points and resources from a server-full of local entrepreneur support initiatives. With $2.15 million in funding under its belt so far, Olathe-based Roz — which…
Gatekeepers hate to see them coming: Why Back2KC leaders think these outsiders could be the next best Kansas Citians
A Kansas City homecoming movement with a track record of sparking real relocations and startup investment is gearing up for its annual gathering — welcoming expatriates and newcomers alike as it seeks to deepen ties between the city and its far-flung alumni. But the program’s high-octane leader insists the work of Back2KC isn’t just about…