Stamford-based growth equity firm Oak HC/FT has led a $52 million Series B funding round for Arch, a New York fintech company.
Stamford-based growth equity firm Oak HC/FT has led a $52 million Series B funding round for Arch, a New York fintech startup focused on improving the way private market investments are managed.
Arch’s technology is designed to simplify reporting and data sharing between limited partners, fund managers and other investment service providers. The New York-based company said the new capital will help expand its technology and support growth among institutional investors, family offices and private-wealth teams.
Oak HC/FT, cofounded and led by longtime investor Annie Lamont, was launched in 2014 and concentrates on healthcare and financial technology. The firm has raised multiple funds and backed dozens of growth-stage companies in insurance, payments and digital health.
Other investors — including Menlo Ventures, Craft Ventures and Quiet Capital — also participated in the Arch funding round.
