August 22, 2024
Arch Lending, a leading crypto-backed loan provider, announced raising $75M in total funds. This includes an oversubscribed $5M equity seed round co-led by Morgan Creek Digital and Castle Island Ventures, with contributions from Galaxy Ventures, BitGo Ventures, and others.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Arch Lending | $75M | August 22, 2024 | Seed, Equity Round | Morgan Creek Digital, Castle Island Ventures | Lending |
Additionally, a $70M loan financing facility was established to support crypto-backed loans using Bitcoin, Ethereum, and Solana as collateral. Arch Lending is renowned for its exceptional customer service, top-tier product experience, and robust security measures. The loan facility, provided by Galaxy, is designed to expand with increased demand and additional capital providers, potentially leading to securitization.
The founding team at Arch Lending boasts a wealth of experience from top consumer tech and finance companies such as Bridgewater Associates, Snapchat, Brex, Google, Tinder, and others. The Arch Lending product is crafted to offer investors a state-of-the-art user experience, combining advanced consumer tech with a reliable lending solution.
About Arch Lending
Arch Lending is a company that provides loans backed by cryptocurrencies like Bitcoin, Ethereum, and Solana. They recently raised $75 million to support their services. The team behind Arch Lending has experience from top tech and finance companies, ensuring a high-quality user experience and strong security. They are known for their excellent customer service and reliable lending products.
Website: https://archlending.com/
About Investor
This round was co-led by Morgan Creek Digital and Castle Island Ventures, with contributions from Galaxy Ventures, BitGo Ventures, and others.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments