Funding rounded up: Arch raises $52 million in Series B
Arch, a leading alternative investment management platform, has announced the successful completion of a Series B funding round, raising $52m (£38m) from a group of investors led by Oak HC/FT. This funding will be utilised for the expansion of Arch's suite of Chief Investment Officer (CIO) tools.
Ryan Eisenman, the CEO of Arch, highlighted the underserved nature of investors in private markets. He stated that the funds raised would be instrumental in addressing issues such as fragmented data, clunky workflows, and high fees that have long plagued the industry.
The expansion will focus on catering to institutional investors, large private wealth teams, and established family offices. Arch aims to streamline analysis in the industry, eliminating manual back-office work tied to alternative investments.
In addition to product expansion, Arch will be developing new features within its client portal and enhancing reporting capabilities for Limited Partners (LPs). The company also intends to centralise reporting, aiming to provide a more seamless and efficient experience for its clients.
The Series B financing round was not led by Project A Ventures alone. Arch had previously raised funds in a financing round led by Project A Ventures, but the details regarding the amount and focus areas were not disclosed in the latest announcement.
Arch's mission is to revolutionise the alternative investment management industry, making it more accessible and efficient for all stakeholders. With the new funding, the company is poised to take significant strides towards achieving this goal.
No further information about Arch's CEO, the funding amount, or focus areas was provided in the latest announcement. The company remains committed to maintaining transparency and will continue to update the public on its progress.
