Alternative asset management firm Arch raises $ 5.5 million

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  • Arch – an investment platform for private investment communications in a single connection portal – recently announced its $ 5.5 million seed funding round. These are the details.

Arch – an investment platform for private investment communications in a single-login portal – recently announced its $ 5.5 million seed funding round led by Craft Ventures with participation from Animal Capital, Good Friends (started by founders of Warby Parker, Harry’s and Allbirds), Vine Ventures, Soma Capital, Henry Ward (CEO and co-founder of Carta) and over 25 current Arch clients.

And since its public launch in June 2020, Arch has grown its annualized recurring revenue by over 1,100%, and private assets managed on Arch have grown by over 2,300%. On average, investors using the Arch Report spend 35% less time managing their investments.

Thanks to Arch, investors are able to manage their investments in one place, at a speed 5 times faster than before. And Arch connects to the back office for each private investment, receiving all documents and communications on a secure and aggregated platform.

The platform collects tax documents for each investment, organizes critical information from hundreds or even tens of thousands of separate portals, and automatically delivers these documents to accountants and tax advisers. And Arch manages business updates, taxes, capital calls, distributions, and financials, allowing investors to quickly consult their Arch dashboard to see what they own, owe in non-liabilities. funded and their latest cash flow. Arch is the first alternative data aggregation service to deliver data directly to Addepar through API integration. Arch also connects to Black Diamond, APX, and other portfolio reporting systems.

With this new funding round, Arch will extend its platform of financial management tools to give users more visibility and control over their money than ever before. And the company plans to quickly grow its New York-based team and recruit in operations, partnerships, and engineering. Arch plans future platform extensions to support foundations, endowments, pension funds and sovereign wealth funds, alongside individual investors.

KEY QUOTES:

“Arch immediately enabled Three Bell to move from manually entering thousands of private investment performance metrics each month to a fully automated system, reducing the workload of operations by over 90%, eliminating the potential for manual entry errors and speeding up reporting schedules. In addition to streamlining and automating our performance reporting processes, Arch consolidates all private K-1 investments, eliminating the heavy chores clients dread when preparing their taxes each year.

– Jon Porter, CEO of Three Bell Capital and current client of Arch

“Arch brings the efficiency, speed and convenience essential to investment managers, high net worth families, institutional investors and tax advisors. Today’s investment documents are mired in inconsistent PDFs, needle-in-the-haystack emails and disparate portals. Arch solves this problem by providing investors and their advisers with a single portal and a consistent interface for every investment. This streamlines capital calls, distributions, reporting, and tax return preparation. After using the product myself and spending time with Ryan, it was an easy decision to invest.

– Jeff Fluhr, Principal Investor in Arch’s Seed Round, Co-Founder and General Partner of Craft Ventures

“Arch brings unprecedented speed and convenience to private investment management, a space that has remained largely nascent despite the massive size of the opportunity. Arch automates repetitive manual tasks, providing better organization and insight into a private wallet to save users valuable time, and ultimately empower them to make better financial decisions that protect their financial livelihoods and better meet their financial goals. personal. This in turn directs capital more effectively to businesses and businesses that have a higher likelihood of financial success and of moving the world forward. “

– Ryan Eisenman, co-founder and CEO of Arch, who co-founded the company with MIT software engineers Joel Stein and Jason Trigg


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