Iralogix Adds $22M in Series C Funding

Irologixa Pittsburh, Pa.-based provider of tech-enabled IRA recordkeeping and technology solutions, raised $22 million 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 funding 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 join the IRALOGIX Board of Directors.

The company intends to use the funds to expand its rapid growth, accelerate the development of new platform features, increase its sales efforts, and continue to generate an annual growth rate of over 100%.

Led by CEO David Bernard and CSO Joe Hipsky, Iralogix is ​​a technology company that provides paperless, white-label IRA recordkeeping and technology solutions. The company’s proprietary technology solutions enable any financial institution to customize its IRA offering and compete in all segments of the IRA market. Using modular technology, institutional clients have the choice of using their in-house investment or advisory capabilities or choosing from industry leading providers.

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07/15/2022

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