Arch secures $52m in Series B funding round
Arch has announced it has raised $52m (£38m) in a Series B funding round led by Oak HC/FT, which it aims to use to fuel its product expansion.
The firm said the funding will support its ongoing expansion and development, with a particular focus on meeting the needs of institutional investors, large private wealth teams and established family offices.
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“Investors in private markets have long been underserved – dealing with fragmented data, clunky workflows and high fees,” said Ryan Eisenman, chief executive of Arch.
“With this new capital and the support of our partners, we’re expanding our suite of CIO tools, developing new features within our client portal and enhancing reporting capabilities for LPs.
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“We’re continuing to build the product the industry needs – streamlining analysis, centralising reporting and eliminating manual back-office work tied to alternative investments.”
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