At Arc, we’ve put culture at the center of how we build the business. Culture is always a work in progress, and while there’s always room to improve, we’ve learned a lot along the way. Below I’ve outlined some of the takeaways we’ve had around defining company values, creating an inclusive culture, and how those efforts have helped us create a stronger team.
Arc Analytics, an in-house analytics tool enables founders to benchmark top expense categories to identify and cut areas of overspend, while testing capital deployment strategies to improve their business fundamentals. The tool, built with API-driven solutions combined with machine learning and other data enrichment layers, combines the capabilities of traditional financial reporting tools with a best-in-class user experience.
There’s no denying it – building during a downturn is hard. Teams need to focus intensely, ruthlessly execute, and make opportunistic bets. To survive, startups must focus on their north star goals, pursue sustainable growth strategies, and continue to put their people and customers first.
The Default Alive Coalition is a joint venture between tech companies and VCs to help startups extend their runway and sustain their growth through a challenging macro environment. Launched in partnership with Fondo, Workato, Forecastr, Spekit and several other tech companies, the default alive coalition is a direct response to the warning bells sounded by venture capital firms across Silicon Valley. Together, we’re providing discounts to capital and the key services startups need to operationalize their success.
Arc launches Treasury, a comprehensive cash management account for high-growth startups. The technology, built on Stripe's leading payments infrastructure, combines the flexibility of an API-driven solution with the native functionality of a consumer app. With Arc Treasury Startups get access to the essential financial tools and services they need to effectively store, manage, and deploy their capital without sacrificing speed.
Arc, the full-service finance platform for software startups, launches Runway by Arc to help founders weather a volatile macro environment. As VCs and boards are encouraging already funded startups to shore up additional capital and rein in burn to extend runway until deal flow returns, Runway utilizes Arc’s proprietary ML-enriched underwriting algorithm to analyze net cash burn and cash on hand. Within 24 hours, founders are provided flexible, low-cost capital with zero dilution or debt, enabling continued operations and financial stability during volatility.
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?