Announcing our Series A Funding Round

Rayne Steinberg
Jan 13, 2021

We are excited to announce that we have secured $10 million in Series A funding led by RRE Ventures with additional participation from Alex Tisch, President of Loews Hotels & Co. and a coalition of top financiers led by Littlebanc Advisors. 

Arca was one of the first companies to focus on sophisticated investors by designing asset management products that meet the operational, regulatory, and legal thresholds needed for these investors to successfully enter the digital assets space. While traditional asset management has historically only focused on delivering the best risk-adjusted returns, we have always believed that blockchain technology could revolutionize the industry through improved investor experience, added utility, and lower costs for all investors.

We must proceed cautiously, however, to deliver on the promise of blockchain with regards to asset management.  Financial services are heavily regulated for good reason. Wealth management involves the safeguarding of value that may have taken lifetimes of productive work to accumulate, that can be destroyed in the blink of an eye. As fiduciaries of capital, we understand the risk-averse nature of large investors, especially in a space as new as digital assets. With this in mind, we have always tried to deliver the right product, at the right time, for the right investors. 

The value proposition of digital assets, and Bitcoin especially, has begun to be accepted by institutions leading to Bitcoin experiencing an explosive increase in price. While these developments are incredibly positive, it is also a moment of caution. We have already seen a wave of institutions rushing to bring products to market that take advantage of this enthusiasm-- the same companies that showed no interest in digital assets as little as six months ago. This is still an asset class with complex legal issues, specialized operational considerations, and confusing and contradictory information. It takes meticulous planning and insight to produce best-of-breed investor-friendly products which is why Arca’s pipeline includes products that are two, three and five years out. 

Since Arca’s founding in 2018, we have made incredible progress towards becoming the premier asset manager in the digital assets space. Some highlights include:

  • The launch of our flagship hedge fund which doubled assets every quarter in 2020. 
  • Arca Labs, our innovation arm, launched the first-ever ‘40-Act Fund to issue shares as digital securities. 
  • The continued growth of a brand that focuses on education and giving investors the tools they need to understand and access digital assets appropriately.

Having demonstrated positive early traction with our multiple product offerings, we felt it was the perfect time to secure venture capital funding to begin scaling the business and extending our reach. We will use this funding to continue to grow our team, develop first-to-market digital assets products that adhere to today’s regulations, and continue to educate investors on what we believe to be the future of finance. The Arca team is also hard at work developing additional products and strategies that we’re excited to share with you in the near future. 

Finally, we want to thank our investors, readers, partners, and evangelists that have supported Arca since the beginning. We couldn’t have come this far without you and we look forward to collaborating on pushing the digital assets ecosystem forward. 

Onward and upward,
Rayne Signature
Rayne Steinberg, CEO
 Blue Logo Horizontal 
 
 
 
 
 
 
 
To learn more or talk to us about investing in digital assets and cryptocurrency
call us now at (424) 289-8068.
 

 

 

 

Subscribe For the Latest Blockchain News & Analysis

 

 

Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, legal advice, tax advice, a research report, or a recommendation. Any decision to invest or take any other action with respect to any investments discussed in this commentary may involve risks not discussed, and therefore, such decisions should not be based solely on the information contained in this document. Please consult your own financial/legal/tax professional.

Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed are those of the author, and are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Arca disclaims any obligation to update or revise any statements or views expressed herein. Past performance is not a guarantee of future results and there can be no assurance that any future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which is believed to be accurate, but has not been independently verified. Arca and/or certain of its affiliates and/or clients may now, or in the future, hold a financial interest in investments that are the same as or substantially similar to the investments discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and Arca and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities, or a solicitation to provide investment advisory services.