Arch, a platform for private investment management, announced a significant milestone in its growth trajectory by closing a $20 million Series A.
This critical infusion of capital was led by Menlo Ventures, with Craft Ventures and Quiet Capital among the returning investors. New supporters, including Carta, Citi Ventures, GPS Investment Partners, and Focus Financial Partners, also contributed to this round.
The company, specializing in modernizing K-1 workflows and streamlining operations for financial professionals, has created a robust solution for automating and simplifying reporting tasks. Arch’s platform is already tracking tens of thousands of positions, representing over $60 billion in investments across a variety of alternative asset classes. By providing a unified platform for data and document aggregation, Arch eliminates the need for multiple third-party portals and offers reporting-ready data directly to investors, accountants, and advisors.
With the fresh capital, Arch intends to broaden its team and further enhance its product offerings. A key focus will be on reducing the manual labour typically associated with managing and investing in alternative assets. The company’s ambitious plans include improving workflow automation for advisors and accountants and providing deeper insights into private market portfolios.
Additional backers of Arch’s vision include industry leaders and members of its client base, which encompasses single and multi-family offices as well as wealth management firms. The founders of Aduro Advisors, Altruist, Equi, Sydecar, and Vanilla, alongside thought leaders like Gary Cohn, Scott Prince, and Marc Spilker, have shown their support through investments.
“Arch is building the digital backbone for the tens of trillions of dollars that sit in alternative assets,” said Croom Beatty, Partner at Menlo Ventures. “By aggregating and connecting upstream data from disparate sources, Arch unlocks highly valuable workflows and data products for investors, advisors and anyone who touches alternative asset data. We’re excited to partner with Ryan and team as they make that data more liquid and consumable for stakeholders across the financial services ecosystem.”
Arch’s CEO and co-founder, Ryan Eisenman, emphasized the significance of actionable data in making smart investment decisions. “That’s why we built Arch – to meet the complex needs of private investors, financial advisors, banks and institutions, equipping them with a platform to efficiently manage and understand their private investments. We’re extremely thankful to our investors and clients for their support as we continue to create solutions that meet the needs of our clients and the investment community.”
The company has now raised over $25 million in the past two years. This funding will accelerate the development of its product roadmap, which includes more automated workflows, enhanced insights for private market portfolios, and tools to mitigate investment fraud.
Lenny Chang, co-founder at Focus Financial Partners, praised Arch’s innovative approach. “Arch is a powerful fintech solution that empowers advisors to manage their alternatives allocation more efficiently,” he said. “As private credit, private equity, real estate, and venture capital continue to capture the interest of high-net-worth investors, independent advisors require tools that give them greater scale and flexibility in managing a comprehensive portfolio that includes alternatives. I believe Arch’s product suite is poised to play an important and integral role in the alternatives ecosystem.”
Arch now serves nearly 200 families, investment firms, and institutions, including one of the largest U.S. banks, marking its growing influence in the FinTech sector.
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