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About Arch
Industries
Data & Analytics
Consulting
Fintech
Company Size
11-50
Company Stage
Seed
Total Funding
$10.2M
Headquarters
New York City, New York
Founded
2022
Overview
Arch provides software specifically for HVAC contractors to enhance their sales processes. The main product helps contractors conduct home analyses, design system plans, and quickly send proposals to potential customers, allowing them to secure sales before competitors. Unlike other solutions, Arch focuses solely on the HVAC market and uses data to create personalized proposals that improve customer engagement. The goal is to help contractors convert more leads into sales and increase their revenue.
Simplify's Take
What believers are saying
- Arch raised $75M, showing strong investor confidence in its business model.
- Increased interest in crypto-backed loans indicates a growing market for Arch.
- Arch's focus on crypto-friendly environments could expand its market reach.
What critics are saying
- Intensifying regulatory scrutiny could increase compliance costs for Arch.
- Volatility in cryptocurrency markets poses risks to Arch's collateral value.
- Increased competition in crypto lending may reduce Arch's market share.
What makes Arch unique
- Arch offers dollar-denominated loans against crypto deposits, targeting diverse client bases.
- Arch plans to use alternative assets as collateral, expanding its lending options.
- Arch's strategic investment in Praxis's 'Network State' project enhances its market reach.
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Funding
Total Funding
$10.2M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Meal Benefits
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 3%2 year growth
↓ -46%Arch, Inc. announced on November 26, 2024, that it has secured ¥900 million in funding from XTech Ventures Co., Ltd., Seibu Shinkin Capital Corporation, Dai-ichi Life Holdings, Inc., and Boost Capital Co., Ltd.
New investors include Arch Lending, GEM Digital, Manifold Trading, and angels like Farcaster CEO Dan Romero.
Arch Lending, a NYC-based crypto-backed loan provider, raised $75M in funding.
Crypto lending platform Arch completes $5 million seed round.
Arch, a New York-based crypto lending startup, announced it raised a $5 million equity seed round co-led by Morgan Creek Digital and Castle Island Ventures, along with a $70 million debt facility funded by Galaxy. Founded by Dhruv Patel and Himanshu Sahay, Arch aims to rebuild trust in the crypto lending sector, which has struggled since the collapses of firms like BlockFi and Genesis. Arch plans to offer dollar-denominated loans against crypto deposits, targeting both institutional clients and individual investors.
Arch is Hiring for 10 Jobs on Simplify!
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About Arch
Industries
Data & Analytics
Consulting
Fintech
Company Size
11-50
Company Stage
Seed
Total Funding
$10.2M
Headquarters
New York City, New York
Founded
2022
Arch is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today