# SolArc

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solarc

- Industry: Software
- Headquarters: Houston, US
- Website: www.solarc.com
- Total disclosed funding: $25M
- Latest round: Series A (Nov 10, 2003)
- Investors on record: 1

## About

SolArc, Inc. offers specialized project management services tailored to the construction industry, focusing on enhancing efficiency and compliance through strategic oversight and management.Founded in 1991, SolArc, Inc. is headquartered in Houston, US, and specializes in project management services for the construction sector. The company was acquired by OpenLink Financial, Inc., a portfolio company of Hellman & Friedman, in 2011. The CEO, Brad Anderson, has a background in overseeing strategic operations within the industry. SolArc has successfully completed a total of 3 deals, raising USD 25.00 mn in its latest funding round, Series A, led by TCV on 17 October 2011.Solarc specializes in project management services tailored to the construction industry, emphasizing owner-specific construction standards and project-specific general conditions. Their offerings include comprehensive management of design professionals through proposal development, contract negotiations, design development, and construction administration. Furthermore, Solarc employs critical path method scheduling for overseeing construction document approvals and ensuring compliance with public works requirements mandated by the California Department of Industrial Relations (DIR). The company's clientele includes general and trade contractors across various geographical markets, focusing on enhancing efficiency and achieving considerable financial savings for clients.Solarc generates revenue through hourly project management services billed at a rate of USD 140 per hour, with invoicing conducted monthly based on hours utilized. This model allows clients to pay strictly for the time that project management services are rendered. Engaging primarily in B2B transactions, Solarc provides specialized offerings in the construction sector, with tailored proposals that feature suggested budgets based on specific project requirements, ensuring transparency in financial expectations.While no specific upcoming products have been mentioned, the company is expected to leverage its latest funding from the Series A round to enhance its project management services. This includes potential expansion into new markets, although specific regions have not been disclosed. The company aims to utilize its strategic resources to support growth initiatives that align with its operational mandate and to explore new opportunities in the construction sector.

## Funding rounds

- Series A, Nov 10, 2003, $25M — TCV

## Investors

- TCV (https://capitalatlas.ai/funds/tcv) — Series A