Arch has surpassed $539 billion in private market assets administered through its platform, representing twice the amount recorded one year earlier.
The company also disclosed that MUFG Innovation Partners, Franklin Templeton and Layer Global founder Anton Levy participated in its previously announced $52 million Series B round.
The investors joined Oak HC/FT, Menlo Ventures, Craft Ventures and Quiet Capital.
Arch provides technology for administering and monitoring private equity, venture capital, hedge fund, real estate and other alternative investments.
The platform gathers information from investor portals, tax documents, capital call notices and other sources to automate administrative work and create centralized portfolio reporting.
Arch supports more than 650 institutional investors, financial institutions, registered investment advisors, accounting firms and family offices.
Its customers include four of the world’s 20 largest banks, eight of the 20 largest accounting firms and multiple Fortune 100 financial institutions.
The Series B capital is supporting product development, data infrastructure, artificial intelligence capabilities and go-to-market expansion.
Arch plans to develop additional tools for chief investment officers, improve its client portal and strengthen the automated systems used to convert fragmented documents into structured investment information.
Chief Technology Officer Keith Soura will lead the company’s engineering and AI infrastructure work.
MUFG Innovation Partners is both an investor and Arch customer, using the platform to administer alternative investments, collect fund documents and improve reporting.
Franklin Templeton, which manages more than $1.74 trillion, also uses Arch to automate parts of its alternative investment operations.
KEY QUOTES:
“Crossing $500 billion in assets on our platform is a reflection of how many of the industry’s most sophisticated allocators are turning to Arch to solve that problem.”
Ryan Eisenman, Co-Founder and CEO of Arch
“Arch serves as critical infrastructure modernizing this experience, streamlining workflows to reduce administrative overhead and improve private market transparency.”
Ryan Stern, Senior Vice President at MUFG Innovation Partners
