Arch Hauls $20M for Private Investment Management Platform

Menlo Park Ventures led a $20 million Series A funding round for Arch, a private investment management platform that automates operations and reporting for financial professionals.

The round, which brought the total raise to more than $25 million, also saw participation from existing investors Craft Ventures and Quiet Capital, as well as new investors Carta, Citi Ventures, GPS Investment Partners and Focus Financial Partners.

The founders of Aduro Advisors (a fund administrator), Altruist, Equi (an alternatives platform), Sydecar (a deal execution platform for venture investors) and Vanilla also invested, along with IBM vice chair Gary Cohn and Scott Prince and Marc Spilker, co-founders and executive chairmen of GPS Investment Partners and Merchant Investment Management, respectively.

Arch, founded in 2018 by Ryan Eisenman, Joel Stein, and Jason Trigg, assists single and multi-family offices, wealth management firms, accounting firms, banks, and financial institutions with managing K-1 workflows, automating operations, and providing “reporting-ready” data, allowing investors to manage their investments in one place. It claims to serve almost 200 companies of this type, including “one of the largest US banks.”

“As private credit, private equity, real estate and venture capital continue to capture the interest of high-net-worth investors, independent advisors require tools that give them greater scale and flexibility in managing a comprehensive portfolio that includes alternatives,” said Lenny Chang, co-founder at Focus Financial Partners.