Funding

[Funding alert] Ireland-based B2B solutions Ctrl Alt Secures €2.5M in Funding

Oct 26, 2023 | By Team SR

Ireland-based B2B solutions Ctrl Alt secures €2.5M in funding. The funding round was led by Forward Partners and Middlegame Ventures and joined by a group of notable Angel Investors and follow-on funds, including Enterprise Ireland, Algorand Ventures, 365.fintech, Syndicate Room, Marc Cohen (Unbundled VC), Omid Ashtari (ex-Google, ex-President Citymapper) and Alex Macdonald (Co-Founder of sequel & Velocity Black).

Ireland-based B2B solutions Ctrl Alt secures €2.5M in funding. The funding round was led by Forward Partners and Middlegame Ventures and joined by a group of notable Angel Investors and follow-on funds, including Enterprise Ireland, Algorand Ventures, 365.fintech, Syndicate Room, Marc Cohen (Unbundled VC), Omid Ashtari (ex-Google, ex-President Citymapper) and Alex Macdonald (Co-Founder of sequel & Velocity Black).

Founded in 2020 by founder Matt Ong (former Morgan Stanley and Credit Suisse), Ctrl Alt offers products including API and White Label capabilities designed to provide the infrastructure for investment platforms to access alternative assets within their brand and platform.

Matt Ong, CEO & Co-founder of Ctrl Alt, said, "A move they say could help financial services remain competitive by expanding beyond stocks and bonds to offer alternative forms of investment. By bridging the gap between asset holders and asset allocators like fintechs and investment platforms, Ctrl Alt is making alternative assets, a typically exclusive form of investment, accessible to individual consumers."

Megha Prakash, Senior Investor at Forward Partners said: “At Forward, we see a massive opportunity to democratise access to financial investments for eligible investors who have hitherto been locked out of these markets due to large tickets, administrative complexity and a lack of access. Ctrl Alt promises to broaden access to a large range of investments. With a strong background in structuring financial products and his digital-native, and wealth of experience working in the regulated space, Matt is a great founder to tackle this opportunity and we are excited to be backing him.”

Michael Meyer, Managing Partner of MiddleGame Ventures, said: “We believe that more investors should have the ability to invest in higher returning alternative assets. To date, only institutions and the very wealthy have had access. Matt and his team at Ctrl Alt are working to change that. We are thrilled to be backing such a great team that has built a unique business, combining Matt’s expertise on regulation with cutting-edge technology.”

About Ctrl Alt

Ctrl Alt was launched in 2020 by Matt Ong (formerly of Morgan Stanley and Credit Suisse) to make investing in alternative assets more accessible for the individual investor.

Read also - Madrid-based Galeneo Health Secures €1 million in Funding

The alternative asset platform empowers fintechs and investment platforms to provide their customers with opportunities to invest in tokenised assets such as green energy, property, and more while making it easier for asset holders to fractionalise assets as a means to raise capital.

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