# Ark

> Ark is a Boston-based software company that builds a cloud platform for running private capital funds. Founded in 2017, it combines fund accounting, an investor portal, LP reporting, and fundraising tools into one system used by venture capital, private equity, fund-of-funds, and real estate managers as well as the fund administrators who service them. By 2026 the platform supported more than 500 GPs and administrators overseeing roughly $185 billion in assets. In July 2026, AngelList acquired Ark to fold its fund-administration software into AngelList's banking, payments, and cap-table infrastructure.

- **Founded:** 2017
- **Headquarters:** Boston, Massachusetts, United States
- **Founders:** Bill Ward (Co-founder & CEO)
- **Team size:** ~25 employees
- **Products:** Fund Accounting (arkGL), Investor Portal, Private Capital Fundraising, Reporting & Analytics
- **Notable:** Grew from $75B in capital commitments (2021) to ~$185B in assets on platform (2026), SOC 2 Type II certified, Launched arkGL, a purpose-built general ledger for partnership accounting, in 2024

## Products & services

- **Fund Accounting (arkGL)** — A general ledger built specifically for partnership accounting, with real-time financial data, drill-through financials, carry/waterfall calculations, customizable reporting, and automated workflows. Launched as a standalone innovation with no implementation fees.
- **Investor Portal** — A secure, branded, self-service portal for LP communications, document access, and real-time fund data integration.
- **Private Capital Fundraising** — Customizable data rooms, investor insights, digital document management, and client-onboarding automation for raising capital.
- **Reporting & Analytics** — Customizable dashboards and reports covering portfolio investments, allocations, capital calls, distributions, and quarterly LP reporting.

## Achievements

- Grew from $75B in capital commitments (2021) to ~$185B in assets on platform (2026)
- SOC 2 Type II certified
- Launched arkGL, a purpose-built general ledger for partnership accounting, in 2024
- Raised a capital-efficient $3.4M Series A and scaled to 500+ fund managers
- Acquired by AngelList in July 2026

## Latest updates

- **2026-07** — AngelList acquired Ark to build an integrated fund administration, banking, and AI platform for private markets.
- **2024-04** — Ark launched arkGL, a general ledger built specifically for private-capital partnership accounting.
- **2021-04** — Ark closed a $3.4M Series A led by Vitruvian Partners to expand engineering, sales, and operations.

## Links

- Website: https://arkpes.com
- LinkedIn: https://www.linkedin.com/company/arkpes

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Profile page: https://yespress.io/ark
Published by YesPress — https://yespress.io
Last updated: 2026-07-22