IRALOGIX Inc., a fintech firm based on the North Side, celebrated the completion of a $22 million Series C funding round in July 2022, bringing its total funding to $46 million. The company, which relocated from Miami to Pittsburgh in 2016, provides paperless white-labeled recordkeeping services for customers to easily customize their IRA offerings. All of its funding raises have helped the company grow its employee footprint. When IRALOGIX first started in Pittsburgh, there were only four local employees. Now, the company employs 105, about half of whom are in the region.
What does it feel like to raise the amount of funding your company has raised thus far?
Having people believe in what you are doing enough to write a check is a great feeling. It is, however, a means to a greater goal that they expect you to achieve. So at the same time, it increases the feeling of responsibility.
How will this funding further grow the company?
It will enable us to expand the team to meet the growing demand for our platform and begin to expand it into other verticals.
What role, if any, does Pittsburgh play in your company’s efforts to secure funding?
Our local investors have been very active in helping us with introductions to investors outside of the region.
— Joe Hipsky, co-founder and chief strategy officer
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