Arch Raised $20m In Series A By Menlo Ventures

Arch Raised $20m In Series A By Menlo Ventures

New York based, Arch, a private investment management platform raised $20 million led by Menlo Ventures in a Series A round.

The round by actively participated by Citi Ventures, Carta, Focus Financial Partners, and GPS Investment Partners. The ex-investors such as Quiet Capital, and Craft Ventures backed the round. After this Series, the total fund raised by Arch is over $25 million.

Arch CEO, Ryan Eisenman said in an interview that various startup founders trust us and invest their hard-earned money. Arch will use these funds to expand their reach which includes small and multi offices. They also working on expanding their team and have a product line up that helps them to automate workflows for advisors and clients. Arch database helps investors to choose a portfolio according to their risk appetite.

Moreover, Arch is on the way to building more AI and automated tools for investors that help clients and advisors to simplify processes and manage portfolios easily.

Arch is authorized by many banks and financial institutions so that clients can manage their multiple portfolios in a single platform by connecting their banks and fund managers. Arch is a secure aggregator that also helps you to collect tax documents of every single portfolio, you can save your critical documents on the app itself and provide it to the tax advisor when needed.

The active clients of Arch include one of the biggest US banks, investment firms, and nearly 200 families.

Also Read: New York Based Fabric AI Raised $60M In Series A

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