Crypto IRA Software Platform iTrustCapital secured $125 Million in Series A funding

iTrustCapital, a California based software platform for buying and selling cryptocurrencies via individual retirement accounts (IRAs), has recently secured $125 million in Series A growth funding.

iTrustCapital was founded by Todd Southwick and Blake Skadron in the year 2018. It is a Crypto IRA software platform that allows customers to transact in cryptocurrencies with the tax advantages of their IRA. The platform is available to all qualified US-based investors and, as of now, offers access to 25 cryptocurrencies, as well as physical silver and gold.

iTrustCapital CEO Todd Southwick said, "We are thrilled to complete our Series A with Left Lane Capital. We bootstrapped ourselves into the position as the industry leader by focusing on having the best product with excellent client service - and thus grew organically within the crypto community. Having the backing of such a reputable fund and access to a highly talented team offers us great strength and further credibility as we bring our service to the tens of millions of new investors coming into this rapidly expanding market."

Left Lane's Matthew Miller, who is joining the company's Board of Directors, said, "We are equally excited to partner with iTrustCapital to help support their mission to provide access to cryptocurrency and other alternative investment products through self-directed IRAs. We were impressed by iTrustCapital's lean, focused approach, world-class management team, significant revenue growth, and strong reputation in the crypto IRA ecosystem. iTrustCapital serves clients that seek long-term, tax-advantaged exposure to cryptocurrency as an asset class - a formidable and fast-growing market opportunity that traditional financial institutions have not fully addressed."

The round was backed by the Left Lane Capital.

Post funding, Left Lane’s, Matthew Miller will now join the iTrustCapital, Board of Directors team.

The crypto startup, as of now, has plans to use the new funds to expand products and services, develop teams, scale client service, explore strategic acquisitions and launch additional marketing platforms, notes the announcement.