Arch Lending raised $75M in a funding round co-led by Morgan Creek Digital and Castle Island Ventures to enhance its crypto-backed loan services.
Amount Raised
$75 Million
Round Type
Seed
New YorkFinancial ServicesBlockchainLendingInvestors
Description
Arch Lending has successfully raised $75M through an oversubscribed $5M equity seed round and a $70M loan financing facility. The funds will be used to expand their offerings in crypto-backed loans for both individuals and institutions, ensuring an enhanced customer experience.
Quick answer
Arch Lending raised $75 Million in a Seed round, dated August 22, 2024. Investors: Bit Go Ventures, Galaxy Ventures, Castle Island Ventures and Morgan Creek Digital. Arch Lending is based in New York, New York, United States.
- How much did Arch Lending raise?
- Arch Lending raised $75 Million in a Seed round on August 22, 2024.
- Who invested in Arch Lending?
- Bit Go Ventures, Galaxy Ventures, Castle Island Ventures and Morgan Creek Digital are named as investors in this round.
- What does Arch Lending do?
- Arch Lending is a trusted provider of crypto-backed loans, offering services to both individual and institutional clients.
- Where is Arch Lending based and how big is it?
- Arch Lending is based in New York, New York, United States. Fundz records about 31 employees.
- Who are the decision-makers at Arch Lending?
- Fundz holds 1 contact at Arch Lending. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Blockchain around the same time
Companies in the same sectors as Arch Lending that raised within 45 days of this round, from Fundz verified event records.
- Stewards, Inc. raised an undisclosed amount on August 22, 2024.
- Idle raised $2.4M (Funding Round) on July 9, 2024.
- Salmon Group raised $30M (Series A) on October 4, 2024.
- LemFi raised $33M on October 3, 2024.
- Athena raised $62M (Funding Round) on October 1, 2024.
- Basic Home Loan raised $11M (Series B) on September 30, 2024.
Who to call at Arch Lending, and when
A new round usually means Arch Lending is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Arch Lending raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Arch Lending, from your own LinkedIn network
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Related People
Arch Lending raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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