Arch, a private investment management platform that streamlines K-1 workflows, automates operations, and simplifies reporting for financial professionals, has closed a $20 million Series A funding round. Led by Menlo Ventures, the funding round also saw participation from existing investors Craft Ventures and Quiet Capital, along with new investors Carta, Citi Ventures, GPS Investment Partners, and Focus Financial Partners.
Arch’s platform currently tracks tens of thousands of positions, covering over $60 billion in investments across various alternative asset classes. The platform aggregates data and documents, eliminating the need for users to access third-party portals, and delivers reporting-ready data directly to investors, accountants, and advisors.
Arch plans to use the new funding to expand its team and enhance its product, with a focus on streamlining manual work associated with investing in and managing alternative investments.
Ryan Eisenman, co-founder and CEO at Arch, stated, “Arch is building the digital backbone for the tens of trillions of dollars that sit in alternative assets. 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.”
The funding will be used to further develop Arch’s product roadmap, which includes automating more workflows for advisors, accountants, and clients, providing increased insights into private markets portfolios, and building additional tools to reduce the risk of fraud.
Arch also plans to develop solutions that help investors and advisors better understand and simplify workflows related to investment manager communications.
Arch serves nearly 200 families, investment firms, and institutions, including one of the largest U.S. banks. The new funds will support the company’s strategic growth, enabling it to onboard top talent across its operations, partnerships, and engineering divisions.