Today, we announced Arc’s $161 million in total equity and debt funding, led by world-class investors including NFX, Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, Soma, Dreamers, Alumni Ventures, Atalaya, Stanford, and Y Combinator.
Arc was founded on the idea that premium startups deserve a premium funding alternative. In the past, founders were left with two options: hit the brakes on growth to extend runway OR raise fresh equity capital and put the pedal to the floor. Founders were forced to choose between accelerating growth and diluting existing employees, investors, and founders.
Wall Street has long been a hub of financial innovation. Silicon Valley attracts many of the brightest teams focused on pursuing technological breakthroughs. Unfortunately, even the most promising startups fly under the radar of Wall Street’s financial institutions.
While I’m a husband and father first (of six kids), I’m excited to join the Arc family. The team is amazing (and we’re hiring) and the revolution in underwriting is happening today! We’re moving fast to change the face of financing for the better.
At Arc, our engineering team stands on the shoulders of giants. As a company, we set out to modernize the financing experience for founders and business owners through API integrations and a seamless user experience.
Think of Arc as founder-friendly capital. We pay you upfront for your future sales, which means we’re betting on your success and we’re with you over the long-term. We believe in you.
Why are founders forced to choose between giving up ownership & board seats or tripping debt covenants in order to grow? Why does it take weeks to months of founders’ time and energy to raise capital? Why is fundraising for tech startups not… tech enabled?