Arches Capital launches €20M Fund I and announces first Close at €17.5M
Arches Capital, an Amsterdam-based angel syndicate comprising 100 business angels, has officially launched its Fund I, achieving a first close of €17.5M towards a target of €20M. The fund, supported by angels within the syndicate — dubbed Archangels — and other investors including informal investors and family offices, operates as a 'side-car fund' to the Angel syndicate, investing jointly in high-potential startups.
Reddit, the popular social media platform, celebrated its highly anticipated debut on the New York Stock Exchange (NYSE) under the ticker symbol RDDT, achieving a valuation of $6.4 billion. Steve Huffman, Reddit’s CEO, shared his enthusiasm with CNBC, stating, "the best investors of Reddit are people who use Reddit."

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