Private investment management platform Arch has raised $20 million in a Series A funding round led by Menlo Ventures.
In brief:
-Craft Ventures, Quiet Capital, investors Carta, Citi Ventures, GPS Investment Partners and Focus Financial Partners joined the round.
-Arch's portal is designed to modernise K-1 workflows, automate operations and simplify reporting for single and multi-family offices, wealth management firms, accounting firms, banks, and institutions.
-The firm has now raised $25 million in funding over the last two years, tripled its headcount in 12 months and signed up nearly 200 families, investment firms and institutions, including one of the largest US banks.
What does this mean?
“Actionable, insightful data is the foundation of smart investment decisions,” says Ryan Eisenman, CEO, Arch. “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."
