FinTech Arch Raises $52M Series B Funding Led by Oak HC/FT

Arch, a New York City-based fintech company, has raised $52 million in a Series B funding round led by Oak HC/FT with participation from Menlo Ventures, Craft Ventures, Quiet Capital, and others to accelerate its expansion and product development. The AI-powered platform streamlines private market investing by consolidating financial data from multiple sources like portals, K-1s, and statements into a single secure hub, reducing administrative burdens and enhancing portfolio visibility for institutional investors, private wealth teams, and family offices. Arch has automated 84% of the complex alternative investment workflow, including capital calls through its Arch Pay feature, and aims to further digitize processes such as wire transfers and sub-document management. The platform currently supports over $250 billion in private assets across more than 450 allocators, including major private banks and top accounting firms, reflecting strong client satisfaction and rapid growth. CEO Ryan Eisenman describes Arch as a “Schwab for private markets” and positions it as a central dashboard bridging various investment software, addressing the fragmented and paper-heavy nature of private market investing. Investors and partners highlight Arch’s consumer-friendly design and its potential to transform private market operations amid the sector's rapid expansion and increasing complexity.