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Digital Asset Manager Arca Raises $10M

Asset management firm Arca has announced Wednesday the closure of a $10 million Series A round of funding led by RRE Ventures.

  • In an announcement, the company said it will use the funding to continue to prioritize creating the infrastructure and navigate the legal and regulatory footing needed to offer better products.

  • Funding was led by RRE Ventures with Alex Tisch, the president of Loews Hotels & Co, and a group of financiers led by Littlebanc Advisors also participating.

  • Going forward, James Robinson, founder of RRE Ventures will join Arca’s advisory board and will contribute to Arca’s product development and distribution efforts.

Read more: Arca Labs Launches Ethereum-Based SEC-Registered Fund

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