Total amount raised
$90 Millions
Latest funding date
9/1/2024
Location
Arta Finance has successfully raised significant funding through multiple rounds, attracting a diverse group of 83 investors. The platform offers a unique blend of investment opportunities in both private and public markets, leveraging advanced AI and machine learning technologies.
Keep reading to delve into the details of Arta Finance's funding journey and discover the key investors backing this innovative financial platform.
What Is Arta Finance?
Arta Finance, founded in July 2021, is a digital family office based in Mountain View, California. The company was established by a team of ex-Google executives, including Caesar Sengupta, Charles Dong, Chirag Yagnik, David Shapiro, Edward Chiang, Felix Lin, Mark Striebeck, and Zelidrag Hornung.
Arta Finance aims to democratize access to sophisticated financial strategies, offering services such as cash management, private market access, tax-efficient insurance policies, and structured investments. The platform leverages advanced AI and machine learning technologies to provide personalized wealth management solutions.
With a team of 101-250 employees, Arta Finance is dedicated to helping its members grow, protect, and enjoy their wealth by providing the benefits of traditional family offices at lower costs and with fewer minimum requirements.
How Much Funding Has Arta Finance Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2021
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial platform.
- Series A
- Amount Raised: $90M
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2024
- Lead Investors: EDBI
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch and development of the digital wealth platform in Singapore and international markets.
Total amount raised: $90M. Current valuation: Not publicly disclosed.
Key Investors
- EDBI
- Details: EDBI is the corporate investment arm of Singapore's Economic Development Board. They focus on investing in innovative and high-growth companies.
- Investment Focus Areas: Technology, Healthcare, Consumer, Industrials
- Notable Investments: Not publicly disclosed
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in early-stage companies. They are known for their strategic support and extensive network.
- Investment Focus Areas: Technology, Consumer internet, Healthcare, Financial services
- Notable Investments: Not publicly disclosed
- Ribbit Capital
- Details: Ribbit Capital is a global investment firm focused on financial technology. They aim to support companies that are transforming the financial services industry.
- Investment Focus Areas: Fintech, Financial services, Technology
- Notable Investments: Robinhood, Coinbase, Credit Karma
- Coatue
- Details: Coatue is a global technology-focused investment firm. They invest in both public and private markets, supporting companies at various stages of growth.
- Investment Focus Areas: Technology, Media, Telecommunications
- Notable Investments: ByteDance, DoorDash, Snap Inc.
What's Next for Arta Finance?
Arta Finance is poised to capitalize on significant opportunities as it expands into the Singapore market and beyond. The strategic investment from EDBI will enable the development and scaling of their digital wealth platform, making sophisticated financial tools accessible to a broader audience. This expansion aligns with industry trends towards democratizing financial services and leveraging AI for personalized wealth management.
Future fundraising opportunities appear promising, with continued support from global investors like Peak XV, Ribbit Capital, and Coatue. However, Arta Finance will need to navigate regulatory challenges in new markets and ensure the scalability and reliability of their platform. Competing with established financial institutions and other fintech companies will also be crucial as they grow.
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