Atlanta (July 13, 2022) - Morris, Manning & Martin advised IRALOGIX in its $22 million Series C funding. Based in Pittsburgh, IRALOGIX is an industry-leading provider of technology-enabled, fully paperless, white label IRA record keeping and technology solutions. The funding will enable IRALOGIX to expand its rapid growth, speed development of new platform features, increase its sales efforts and continue to drive an annual growth rate of over 100%, as it has done for the past three years.
With the overall U.S. retirement market surpassing $39 trillion in 2021, IRALOGIX has emerged as the leading financial technology platform to help record keepers, advisors, mutual funds and other financial services firms reduce their costs and grow their businesses profitably, while making the highest quality institutional investment products available to everyone regardless of account size or type.
The financing was led by a group of individual financial technology investors represented by Matt Vettel and Nick Cayer, along with participation from Hybrid Capital, Roan Capital, University Growth Fund, Trog Hawley Capital, Circadian Ventures, Great North Ventures and Riverfront Ventures. IRALOGIX announced the transaction on July 13, 2022.
The MMM team is led by Chris Maxwell and includes Matt Carlucci and Andy Klemm in Atlanta.
