• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

2

If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits

3

When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch

1

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

2

If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits

3

When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
FinanceFintech

The App That Lets You Buy Ferraris and Jaguars for $50 Just Raised $7 Million. And It’s Blockchain Ready

Lucinda Shen
By
Lucinda Shen
Lucinda Shen
Down Arrow Button Icon
Lucinda Shen
By
Lucinda Shen
Lucinda Shen
Down Arrow Button Icon
September 27, 2018, 9:00 PM ET

Luxury cars can be a lucrative investment. Earlier this year, a 1962 Ferrari 250 GTO was auctioned off for $48.4 million at Sotheby’s. It looked to be a sizable winning for its previous owner, an early Microsoft employee who purchased the vehicle in 2000 when such a car commanded a value of about $10 million.

More investors are betting that the average Joe may also want a piece of those profits. On Thursday, New York City-based Rally Rd. raised $7 million in Series A funding led by Upfront Ventures, adding to another $2.9 million seed round.

Here’s how it works: Rally Rd. curates a selection of vehicles with potentially high returns and lists it on their app (which has received approval from the Securities and Exchange Commission). There, users can spend as little as $50 for a piece of a Jaguar or Ferrari.

With the fresh funding, the startup plans to expand the model to assets such as high-end memorabilia, a market that includes items such as Babe Ruth-signed baseballs. Beyond that, Rally Rd. is also looking into other fields such as music, the arts, and into publishing rights.

“We’re looking at any field that has a high interest level, that has driven big returns and have big fan bases, but doesn’t have access to the market in a real way,” said Rally Rd. Co-Founder and Chief Product Officer Rob Petrozzo.

The idea behind Rally Rd. may also sound familiar to those in the blockchain space. Proponents of the technology, which is a decentralized ledger of transactions, have often pointed to the benefits of placing and even trading assets on the blockchain. In theory, doing so would speed up trades while ascertaining ownership of assets such as artwork, which has been stolen.

At one point during the firm’s creation in late 2016, Petrozzo and Bruno say they considered applying blockchain technology to Rally Rd. “As we launched the platform, we evaluated the idea of going on the blockchain immediately,” said Bruno. But they ultimately decided that the technology was too young, the regulation too sparse, and that it was something of a “solution looking for a problem,” he said.

To be clear, the firm is full of crypto fans: All three founders including Chief Financial Officer Maximilian Niederste-Ostholt own some form of cryptocurrency. And in a bid to keep the team humming, Rally Rd. was forced to confine all talk of digital currencies to the ten minutes between 10:50 a.m. to 11 a.m.—though that was at the peak of crypto mania late last year when the value of Bitcoin was still in the quintuple digits.

Even now, the company believes in the technology and is in a sense, prepared when and if blockchain technology makes a breakthrough and becomes scalable. The founders designed the platform in a way that would allow it to port.

“It’s a very easy switch for us, if and when the tech starts—and if there’s a way not to alienate investors, and not alienate customers,” Bruno said.

But for now, the company can and is expanding without blockchain.

Today, roughly 50,000 investors trade over Rally Rd.’s 12 cars which are worth an aggregate $3 million.

The firm’s founders plan to push the number of cars trading up to about 100 by the end of 2019. It’s also planning to open a show room in New York City—raising awareness of the company. Rally Rd. cars are currently housed in a climate-controlled warehouse in Pennsylvania, where vehicles are guarded by 24-hour security cameras and serviced by a concierge.

About the Author
Lucinda Shen
By Lucinda Shen
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Current price of oil as of June 1, 2026
Personal FinanceOil
Current price of oil as of June 1, 2026
By Joseph HostetlerJune 1, 2026
50 minutes ago
Current price of silver as of Monday, June 1, 2026
Personal Financesilver
Current price of silver as of Monday, June 1, 2026
By Joseph HostetlerJune 1, 2026
1 hour ago
Financial fraud in an era of blockchain and AI
NewslettersFortune Crypto
Financial fraud in an era of blockchain and AI
By Jeff John RobertsJune 1, 2026
1 hour ago
A SpaceX-Tesla union would mark the largest merger of all time. But does the math work?
NewslettersCFO Daily
A SpaceX-Tesla union would mark the largest merger of all time. But does the math work?
By Sheryl EstradaJune 1, 2026
2 hours ago
Jamie Dimon, chief executive officer of JPMorgan Chase
BankingJamie Dimon
Jamie Dimon slams Coinbase CEO as ‘full of sh*t’ and warns banks won’t accept crypto bill
By Eleanor PringleJune 1, 2026
3 hours ago
Top CD rates today, June 1, 2026: Lock in up to up to 4.30%
Personal FinanceBanks
Top CD rates today, June 1, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganJune 1, 2026
3 hours ago

Most Popular

I wrote that Boomers were choking America’s economy. Their responses to me were revealing
Personal Finance
I wrote that Boomers were choking America’s economy. Their responses to me were revealing
By Nick LichtenbergMay 31, 2026
1 day ago
If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits
Investing
If Elon Musk merges SpaceX with Tesla he'll create a $3.4 trillion behemoth—with zero profits
By Shawn TullyMay 31, 2026
1 day ago
When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
Future of Work
When loyalty is rewarded: Top earners who stay in their jobs get much larger pay increases than those who switch
By Jacqueline MunisMay 30, 2026
2 days ago
Ex–Google CEO Eric Schmidt warns U.S. tech workers: Competing with China’s grueling 12-hour workdays means sacrificing work-life balance
Future of Work
Ex–Google CEO Eric Schmidt warns U.S. tech workers: Competing with China’s grueling 12-hour workdays means sacrificing work-life balance
By Marco Quiroz-GutierrezMay 30, 2026
2 days ago
Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani
Success
Jamie Dimon tells Gen Z to 'learn how to think, learn how to earn respect' as he describes 'great meeting' with Zohran Mamdani
By Nick LichtenbergMay 29, 2026
3 days ago
A rare 'super' El Niño is looking more likely. Here’s what to expect
Environment
A rare 'super' El Niño is looking more likely. Here’s what to expect
By Brian K. Sullivan and BloombergMay 31, 2026
17 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.