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Arch sells software that collects documents, K-1s and data from private investments, such as PE, VC, hedge funds and real estate. It automates workflows like capital calls and delivers reporting through a portal and open API, with integrations including Addepar, Envestnet and Schwab. Customers are RIAs, family offices, fund administrators and institutional allocators, and the company says it serves about 450 allocators with over $250B in assets on the platform (2025). It raised a $5.5M seed in 2021, a $20M Series A led by Menlo Ventures in 2023 and a $52M Series B led by Oak HC/FT in September 2025, for nearly $80M in total.