Realto Inc.Anonymous Overland Park, Kan.-based operator of a fully-automated, web-based marketplace for the secondary trading of illiquid real estate and alternative securities, closed a $4.5m in funding.
The round, which brought total proceeds raised to date to $8m, was led by Firebrand VenturesKCRise Investments Fundand other key contributors. The previous $3.5m round, which closed in December2020, was commanded by Gary Fish and JE Dunn.
TheThe company plans to use the funds to grow and expand, as well as for the hiring of key personnel within the organization.
LedBy CEO Brian King, RealtoOperates Realto Securities, LLC is a FINRA registered broker-dealer that provides investors the ability to trade traditionally illiquid assets and other securities. In December2021: The company’s proprietary trading platform went live, allowing trades in Phillips Edison & Co. (PECO) ClassB restricted shares In January2022, the company was awarded U.S. SecuritiesAnd Exchange CommissionClearance to operate Alternative Trading System(ATS), which allows the firm to offer secondary trading opportunities through enhancements such as two-sided quotes and additional order types.