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.

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