NEW YORK, June 25, 2024 (GLOBE NEWSWIRE) -- AnchorZero, a platform enabling founders to leverage Roth IRAs for substantial tax savings and financial growth, today announced its $8M seed funding round led by Bain Capital Crypto and Spark Capital with participation from Ethereal Ventures, Mischief Capital, Pascal Capital, and Robot Ventures. Angel investor Sarah Meyohas, a multidisciplinary visual artist, also participated in the round. The company's flagship product simplifies the process of transferring startup equity into Roth IRAs, unlocking potentially hundreds of millions in tax savings and facilitating tax-free compounding of gains. Customers include founders backed by leading investors such as First Round Capital, General Catalyst, HF0, Lightspeed Venture Partners, and Y Combinator. AnchorZero aims to democratize advanced tax strategies traditionally reserved for the ultrawealthy. Its first product lets founders use Roth IRAs for significant tax savings. Getting startup equity into an IRA used to be practically impossible, because legacy IRA custodians are inefficient and run on antiquated third-party software. By forming its own IRA custodian and writing the custodial software from scratch, AnchorZero has made founder Roth investing fast and easy. AnchorZero allows founders to include their shares, angel investments, or exotic assets in their Roth IRAs for significant tax savings and financial growth. "At AnchorZero, we're committed to making sophisticated tax strategies accessible to everyone. Our founding ...