Rocket Dollar provides self-directed retirement accounts that let individuals invest retirement savings in alternative assets allowed by the IRS, including real estate, crypto, startups, lending, and more, without losing IRA tax benefits. Led by CEO and co-founder Henry Yoshida, the company serves customers in all 50 states. The business intends to use new funding to accelerate product development, enhance customer experience, double down on cybersecurity, and expand investment education and content. The company recently expanded its board with former T. Rowe Price Global Investment Services CEO and President Todd Ruppert. Rocket Dollar is headquartered in Austin, Texas. No revenue or other operating metrics were disclosed in the article. Rocket Dollar operates a digital platform that lets individuals use self-directed retirement accounts to make nontraditional investments such as real estate, startups and precious metals while preserving tax benefits. The company partners with banks and custodians including Solar National Bank and IRA Resources Inc. It serves customers in all 50 states and reports $50 million in assets under management from Rocket Dollar accounts. Rocket Dollar charges a one-time $360 account setup fee and $15 per month for administration and compliance, and does not take fees on assets under management or add-on investment fees. The startup has 13 employees and occupies office space in downtown Austin. When assets under management hit $100 million the company plans to open a second office in Denver.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2021