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Amplify LA Backs Investment Startup Alto

Los Angeles-based startup accelerator Amplify LA is one of the backers of a new startup Alto, which is allowing investors to invest in nontraditional assets--such as startups, real estate, and more. Alto said on Wednesday that it had raised $2.8M in its seed funding round, which it received from such investors as Foundation Capital, Sequoia Capital's Scout Fund, Amplify.LA, First Check Fund, Green D Funds, and Jack Gibson, the co-founder of NerdWallet. The startup is based in Nashville, Tennessee. More information »