"But markets are shifting, with massive companies such as SpaceX staying private longer, and alternative asset vehicles like private credit growing in popularity. The New York-based fintech startup Arch is building what CEO Ryan Eisenman describes as the "Schwab for private markets"-and it just raised a $52 million Series B led by Oak HC/FT, with participation from Menlo Ventures, Craft Ventures, and Quiet Capital."
"While it may be tough to feel sympathy for wealthy family offices and limited partners, or investors in venture capital and private equity funds, they have an undeniably difficult job tracking what can be thousands of investments across different firms, which each have their own portals. Eisenman, who started his career as an analyst at Deloitte, described their plight as "death by a thousand paper cuts.""
Public market investors have many tracking options, while private markets shift as companies stay private longer and alternative assets like private credit grow. The New York fintech Arch raised $52 million in a Series B led by Oak HC/FT, with Menlo Ventures, Craft Ventures, and Quiet Capital participating. Wealthy family offices, limited partners, and fund investors face difficulty tracking thousands of investments across different firms and portals, often relying on Excel. CEO Ryan Eisenman characterizes that fragmented workflow as "death by a thousand paper cuts," motivating Arch to sit between tools such as Carta, Juniper Square, Addepar, and Black Diamond. Arch offers a customer-facing dashboard pitched as a "Switzerland" to bridge systems and is adding products to simplify LP-firm interactions, including facilitating capital calls.
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