Private investment management platform Arch has successfully raised $20 million in a Series A funding round led by Menlo Ventures.
Participating in this round were Craft Ventures, Quiet Capital, as well as investors from Carta, Citi Ventures, GPS Investment Partners, and Focus Financial Partners.
Arch’s portal aims to modernize K-1 workflows, automate operations, and simplify reporting for single and multi-family offices, wealth management firms, accounting firms, banks, and institutions. Currently, it tracks tens of thousands of positions, totaling over $60 billion in investments within the alternative asset class landscape. The platform aggregates data and documents for every investment, eliminating the need for users to navigate third-party portals, and delivers reporting-ready data directly to investors, accountants, and advisors.
Over the past two years, Arch has raised a total of $25 million, tripled its workforce within the last year, and onboarded nearly 200 families, investment firms, and institutions, including one of the largest banks in the U.S.
The new funding will be utilized to expand Arch’s team and enhance its product offerings, with a particular emphasis on streamlining the repetitive manual tasks traditionally involved in investing and managing alternative investments.
“Actionable, insightful data is the foundation of smart investment decisions,” said Ryan Eisenman, CEO of Arch. “That’s why we built Arch—to address the complex needs of private investors, financial advisors, banks, and institutions, providing them with a platform to efficiently manage and understand their private investments.”