Every month brings a variable amount of news in the alternative investing world. Some news is also smaller than others. We’re rounding out April with a roundup of stories and developments we saw, but won’t have a dedicated article for.
AltoIRA Makes Investments More Accessible
Earlier this month, AltoIRA announced a new capital raise platform. They claim that this will streamline the investing experience for IRA funds. This could ultimately help to unlock $10T of investments made into IRA accounts for a wide variety of issuers.
You can check out the issuers page on Alto’s website to get a more complete sense of what it offers. From the perspective of investors, this could mean that many more alternative investment platforms will accept IRA funds from Alto in the future.
Doorvest’s New Feature
Doorvest unveiled their new Portfolios offering this month. While the Tweet simply pitches it as an easy way to buy multiple properties at the same time, it looks to be a bit more than that. The link provided redirects to a new marketplace page. On here we can see the new portfolios integrated into a view into the overall Doorvest inventory.
Both of these features bring Doorvest closer to competing more directly with platforms like Roofstock.
Here’s Milestones
Here shared a couple of milestones with investors through Email:
- They had passed 1,000 total nights booked in the vacation rental properties they have live on Airbnb and VRBO.
- Over $10M has been invested on the platform since their launch 12 months ago.
- There are nearly 100K investors registered with the platform.
Is Here’s Fundraising Strategy Changing?
Nearly 1 year later, Here still has not filed their Form C to formally launch their equity crowdfunding campaign and take investment dollars from Wefunder users.
It appears they may be looking to raise new funds outside of the Wefunder campaign. It’s unclear if this is being done as an alternative to the campaign or if they will ultimately move forward with both fundraising rounds.
Is Masterworks Expanding Liquidity Options?
Earlier we received communication from Masterworks that seem to imply there may be some new liquidity options available. Masterworks already has a secondary market, but this seems to be something different.
Investors in specific works appear to be able to liquidate some or all shares of certain works at fixed prices (rather than having to sell at the market price on the secondary market). We’ll keep an eye on this and update further if we learn more about this liquidity program.
Republic Note
After raising $3M in March, Republic has launched another round of investments into their Note, this time with more PR behind it. Unlike other Equity Crowdfunding platforms, Republic is taking an unconventional route to allowing others to invest in it. They’re offering a “digital security” (web3) that promises to share revenue with Note holders in perpetuity when certain conditions are met.
If you’d like to learn more, Republic has published a whitepaper about the security. Crowdscale, who spoke with the Founder and CEO of Republic himself about the Note, also has an accessible overview and assessment of the opportunity.
Vint Has Sold More Collections
Vint has started announcing the sale of more collections. So far two have been announced – Domaine de la Romanée-Conti 2017, with a 17.71% total return and Bordeaux Classics (partial sale), with a 22.87% total return. We believe that there will be some further sale announcements as well.
We previously covered the first round of sales. We may do a deeper look at this round as well, depending on how extensive the sales are.
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