Commonwealth
- Company typePrivate
- Founded2019
- HeadquartersLos Angeles, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
Commonwealth firmographics
Firmographics- Name
- Commonwealth
- Legal name
- Commonwealth Markets Inc.
- Website
- https://joincommonwealth.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Commonwealth industry classification
Industry- Product category
- Fractional Racehorse Ownership Platform
- NAICS
- Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Racehorse Ownership, Syndication & Investment Platforms (MPAEADAG)
Keywords
Where Commonwealth is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Commonwealth business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure, Others
Revenue model
- Share Sales and Investment Platform: Revenue generated through the sale of fractional shares in racehorses. Investors purchase shares in horses offered through the platform, and Commonwealth facilitates transactions and manages the investment experience including earnings distribution when horses win races.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Entry-level share purchase starting at $50 |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Commonwealth product offering
Product offeringCore offering
Commonwealth operates a fractional ownership investment platform that allows individual investors to purchase shares in high-value thoroughbred racehorses starting at $50 per share under SEC Regulation Crowdfunding. Investors can watch live races, access exclusive training content, and receive earnings distributions when their horses win. The platform is operated through Commonwealth Markets Inc. and its SEC-registered funding portal subsidiary, ALAO Invest LLC, with horse management handled by Commonwealth Thoroughbreds LLC.
Product overview
Commonwealth is a fractional ownership platform that enables investors to purchase shares in thoroughbred racehorses for as little as $50. The core product is the Commonwealth Platform (available via web and mobile app), which connects investors with racehorse ownership opportunities managed by Commonwealth Thoroughbreds LLC. The ALAO Invest Portal serves as the SEC-registered funding portal for Regulation Crowdfunding offerings. Commonwealth Sports LLC handles sports-related content and partnerships. The platform has distributed $3.6M to investors with 18 horses offered and notable wins including Mage's 2023 Kentucky Derby victory. The platform integrates with payment processors Stripe, Plaid, and Dwolla for transaction processing, and uses Dalmore Group and NCIT for broker-dealer and EFT services.
Differentiator
Problem solved
Functional benefit
Products and services
- Commonwealth Fractional Racehorse Ownership Platform A web and mobile platform that enables individual investors to purchase fractional shares (starting at $50) in high-value thoroughbred racehorses under SEC Regulation Crowdfunding; investors can watch live races, access exclusive training videos, receive earnings distributions when their horses win, and participate in winner's-circle celebrations.
- Commonwealth Mobile App Mobile application (iOS/Android) that allows investors to manage their racehorse investments, track horse performance, access live racing content, and receive exclusive updates and invitations on their mobile devices.
- ALAO Invest Funding Portal SEC-registered funding portal operated by ALAO Invest LLC (a FINRA member) that facilitates Regulation Crowdfunding and Regulation D Rule 506(b) offerings for Commonwealth's racehorse investment products.
Quantifiable outcome
- 53% stable ROI across offered horses
- +3 more outcomes
Companies that use Commonwealth
Customer profileSegments2 records
Ideal customer profiles2 records
Commonwealth technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature1 record
Commonwealth partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Dwolla, Inc.coreProvides the Dwolla Account infrastructure for handling funds transfers through Commonwealth's platform. Users must open a Dwolla Account to use payment functionality, with funds held by Dwolla's financial institution partners.
- Commonwealth Thoroughbreds LLCcoreSubsidiary entity (CT) of Commonwealth Markets Inc. that manages thoroughbred horse operations and ownership structures.
- Commonwealth Sports LLCcoreSubsidiary entity (CS) of Commonwealth Markets Inc. involved in sports-related investment offerings.
- ALAO Invest LLCcoreFunding portal subsidiary (also referred to as Commonwealth) registered with the SEC and FINRA member that conducts all funding portal activities for Regulation Crowdfunding offerings.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Commonwealth competitors and assessment
Company assessmentDirect peers
- MyRacehorse: MyRacehorse is the most direct competitor to Commonwealth, offering fractional ownership of thoroughbred racehorses through a regulated platform with similar low minimum investments, share-based structures, and live race experiences targeting casual fans.
- Masterworks: Masterworks pioneered fractional ownership of blue-chip art via Reg A/D offerings with a mobile-first, self-serve investor experience — the closest analog to Commonwealth's model in a different alternative-asset vertical and a useful benchmark for scaling AUM.
- Rally: Rally offers fractional shares in collectible assets (cars, trading cards, watches) through a regulated marketplace — directly comparable fractional-ownership platform with similar Reg D/CF mechanics and retail-investor focus.
- Wefunder: Wefunder is a leading Reg CF funding portal where everyday investors buy stakes in private ventures, operating under the same SEC/FINRA framework Commonwealth uses for its Reg CF racehorse offerings.
- Republic: Republic is a multi-vertical private investing platform (startups, crypto, real estate, gaming, sports) running Reg CF/A+ offerings, and explicitly includes sports assets — a natural peer for Commonwealth's expansion ambitions.
Broad incumbents
- Yieldstreet: Yieldstreet is a broader alternative-investment platform offering fractional exposure across art, real estate, marine, and other assets to retail investors, competing for the same alternative-asset dollar as Commonwealth.
- Stride Stable / Calumet Farm syndicates: Established thoroughbred racing syndicates and farms offer fractional racehorse ownership through traditional channels with much higher minimums; they are incumbents whose customer base Commonwealth is democratizing.
Emerging players
- Collectable: Collectable offers SEC-regulated fractional ownership of sports memorabilia and trading cards — a closely adjacent model that demonstrates demand for sports-themed fractional assets beyond live horses.
- Otis (collectibles investing): Otis provides fractional ownership of collectible assets (sneakers, watches, trading cards) via a mobile app, sharing Commonwealth's PLG, low-minimum, retail-investor DNA in an adjacent alternative-asset category.
Others
- FanDuel / DraftKings (sports engagement): While not a direct investment peer, DraftKings/FanDuel represent the broader opportunity for casual fans to financially engage with sports outcomes; they share Commonwealth's target demographic of sports-adjacent retail consumers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Commonwealth social profiles
Digital presenceCommonwealth compliance and trust
Trust signalCompliance1 record
Commonwealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Commonwealth leadership team
Management profileNumber of profiles
Profiles2 records
Commonwealth subsidiaries and ownership
Company hierarchySubsidiaries3 records
Commonwealth funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Commonwealth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Commonwealth
What does Commonwealth do?
Commonwealth operates a fractional ownership investment platform that allows individual investors to purchase shares in high-value thoroughbred racehorses starting at $50 per share under SEC Regulation Crowdfunding. Investors can watch live races, access exclusive training content, and receive earnings distributions when their horses win. The platform is operated through Commonwealth Markets Inc. and its SEC-registered funding portal subsidiary, ALAO Invest LLC, with horse management handled by Commonwealth Thoroughbreds LLC.
Is Commonwealth a public or private company?
Commonwealth is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Commonwealth founded?
Commonwealth was founded in 2019. It employs 11 to 50 people.
Where is Commonwealth based?
Commonwealth is headquartered in Los Angeles, United States, in the North America region.
How does Commonwealth make money?
One revenue line is on record: share Sales and Investment Platform.
Who are Commonwealth's main competitors?
Direct peers on record are MyRacehorse, Masterworks, Rally, Wefunder and Republic. Broad incumbents are Yieldstreet and Stride Stable / Calumet Farm syndicates. Emerging players are Collectable and Otis (collectibles investing). FanDuel / DraftKings (sports engagement) is listed as an others.
Does Commonwealth have an API?
No public API is recorded for Commonwealth.
What industry is Commonwealth in?
Commonwealth's product category is Fractional Racehorse Ownership Platform. Its primary akta.pro industry code is MPAEADAG, Racehorse Ownership, Syndication & Investment Platforms. Its NAICS code is 5259 and its SIC code is 6211.