Fundz
You are reading one round. Fundz also knows which of your own LinkedIn connections can open this account.See it live →

Archil raised $6.7M in Seed funding led by Felicis with participation from top investors including Y Combinator and others to expand operations.

PRIVATEJun 03, 2025•over 1 year ago

Amount Raised

$6.7 Million

Round Type

Seed

San FranciscoSoftware

Investors

Amit GuptaRyan WorlErik BernhardssonWayne DusoTheo BrowneTwenty Two VenturesLombardstreet VenturesGeneral CatalystWayfinderPeak XvY CombinatorFelicis

Description

Archil, a San Francisco-based startup, raised $6.7M in seed funding. The round was led by Felicis, with notable participation from Y Combinator and several angel investors. The company intends to use the funds to expand operations and development efforts. Archil provides data teams with a high-performance storage platform for cloud applications.

Company Information

Company

Proper

Location

San Francisco, California, United States

About

The company is working to streamline operations at other fintech startups, specifically through its reconciliation software that those companies can use to help ensure they’re working with accurate and precise data even when it comes from different places, co-founder and CEO Kyle Maloney told TechCrunch. But Proper’s product isn’t an API, because the company itself handles building out integrations rather than simply providing developers with the tools to do so themselves, Gibson explained. The first is “balanced reconciliation,” where the startup tracks money at banks and external parties to verify that funds they believe have been transferred have made it to the destination. The startup, which participated in Y Combinator’s Winter 2022 cohort, announced today that it has closed a $4.3 million seed round led by Redpoint Ventures with participation from BoxGroup, Mischief, Y Combinator, and others. In the long-term, he said, Proper does plan to build APIs and expand its portfolio of integrations.A screenshot of Proper’s data reconciliation platform Image Credits: ProperProper uses two main strategies to ensure data accuracy, Gibson explained.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Proper raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Trusted by

OracleSnowflakeCloudflareLinkedInGoogleSalesforce
4.8/5 on G2· Since 2015
Predictive Intelligence
Strategic

ML-powered predictions for Proper's next move

See what Strategic adds

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Proper raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.