New York based classic car investing marketplace Rally Rd has raised a $2.6m Seed Round led by Columbus Nova.
With the current focus on nostalgic automotive assets from the 1950’s through 1990’s, users can pick-and-choose from an eclectic collection (including classics from Ferrari, Lamborghini, and Porsche). Unlike other alternative investing platforms and typical fund models, the Rally Rd. app will allow investors to participate in secondary transactions during monthly trading windows through select broker-dealers. The company has successfully completed it’s first initial asset offerings via their iPhone app, with 2 additional offerings currently live. Bruno says the company has plans to release “25-50 blue-chip classic cars over the next 12 months” on all platforms, with additional asset classes to follow over the same period. Currently, offerings start as low as $57.50 per share with no minimum investment.