Thursday, February 25, 2021

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Arca: Raises $10M in Series A Funding

  • Arca, a Los Angeles, CA-based asset management firm focused on investing and innovating in the digital assets space, closed a $10m Series A round of funding
  • The round led by RRE Ventures with participation from Alex Tisch, President of Loews Hotels & Co. and a coalition of top financiers led by Littlebanc Advisors
  • The company also intends to use the funds to expand product development and distribution efforts
  • Founded in 2018 by CEO Rayne Steinberg, Arca an asset management firm focused on investing and innovating in the digital assets space
  • Its products also offer investors the ability to invest in digital assets utilizing blockchain technology
  • Arca Labs, the innovation division of Arca, which pioneers innovative products in a digital structure that aim to revolutionize how people think about investments

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