# Arc Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arc-technologies

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.arc.tech
- Total disclosed funding: $31M
- Latest round: Series A (Aug 16, 2022)
- Investors on record: 11

## About

Based in California, US, and founded in 2021, Arc Technologies Inc. operates as a financial technology company that provides a financial operating system. The company was founded by its CEO Don Muir, President Nick Lombardo, and CTO Raven Jiang. In January 2022, Arc Technologies, Inc. raised USD 150 million in venture debt funding led by Atalaya Capital Management. As of 2022, the company’s client base includes more than 100 start-ups and it is backed by Y Combinator, NfX, BainCapital Ventures, and Clocktower Technology Ventures.

Arc has developed a financial platform for software as a service company that provides them with capital and other modern financing solutions by leveraging their performance against industry benchmarks and utilizing machine learning to boost their data value. By projecting future revenue and collecting a cut-off from the fund amount in return for their services, the platform allows customers to acquire funds without selling their equity or taking on debt.

The company plans to launch Arc Account, a high-yield fund account, and Arc Card, an expense tracker system with software and cards that help businesses save, spend, and manage their income, in the near future.

## Funding rounds

- Series A, Aug 16, 2022, $20M — Bain Capital, Atalaya Capital Management, Y Combinator, Alumni Ventures Group, Soma Capital Management, NFX, Clocktower Technology Ventures, Torch Capital, Left Lane Capital
- Seed, Jan 13, 2022, $11M — Bain Capital, Atalaya Capital Management, Y Combinator, Alumni Ventures Group, Soma Capital Management, NFX, Clocktower Technology Ventures, Pioneer Fund, Torch Capital, Dreamers VC

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A
- Atalaya Capital Management — Seed, Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed, Series A
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed, Series A
- NFX (https://capitalatlas.ai/funds/nfx) — Seed, Series A
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed, Series A
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- Torch Capital (https://capitalatlas.ai/funds/torch-capital) — Seed, Series A
- Dreamers VC (https://capitalatlas.ai/funds/dreamers-vc) — Seed
- Left Lane Capital (https://capitalatlas.ai/funds/left-lane-capital) — Series A