Sequoia Capital India Participates in $90M Series A Financing of Arta Finance
Gunderson Dettmer represented client Sequoia Capital India as an investor in the $90 million Series A financing of Arta Finance, a California-based digital family office. Other notable investors included Ribbit Capital, Coatue, and over 140 tech and finance entrepreneurs, such as Betsy Cohen, Eric Schmidt and Ram Shriram. Founded by a team of former Google executives and researchers, Arta aims to provide access, connections and investment opportunities exclusive to the ultra-wealthy to millions globally.
In the announcement of the transaction, CEO and Co-Founder of Arta Finance Caesar Sengupta said, "Everyone should have a chance to take charge of their financial life in the same way that wealthier and financially savvier people do. So we’re doing this the way we know best — by breaking down barriers to sophisticated finance with technology."
The Gunderson Dettmer deal team was led by Jonathan Pentzien and included Benjamin Teo and Cheryl Lau.