The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 11/9/2023 featuring funding details for Arch, Chptr, and much more. This page will be updated throughout the day to reflect any new fundings.
Arch – $20M
Arch, a private investment management platform for streamlining operating and reporting workflows, has raised $20M in Series A funding from investors that include Menlo Ventures, Quiet Capital, Craft Ventures, Citi Ventures, Focus Financial Partners, GPS Investment Partners, Gary Cohn, Marc Spilker, and Scott Prince. Founded by Jason Trigg, Joel Stein, and Ryan Eisenman in 2018, Arch has now raised a total of $25.5M in reported equity funding.
Harvard data scientist upends finance community with returns in this market
The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment.
The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market.
With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns.
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Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd
Chptr – $1.5M
Chptr, a memorialization platform where people can gather and share digital memories of lost loved ones, has raised $1.5M in Seed funding from investors that include Gaingels, Lucas Venture Group, Grit Capital Partners, Singularity Capital, Accel Starters, Ganas Ventures, and Tubbs Ventures. Founded by Parker Duffey and Rehan Choudhry in 2020, Chptr has now raised a total of $3.9M in reported equity funding.
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