logo
logo

Yc-Backed Arc, A Digital Bank For ‘High-Growth’ Saas Startups, Lands $20M Series A

Aug 16, 2022•almost 3 years ago

Amount Raised

$20 Million

Round Type

series a

San FranciscoSustainabilityConsumer GoodsFinancial ServicesInformation TechnologySoftware

Description

Arc, a company that aims to give SaaS startups “a way to borrow, save and spend” in one place, has raised $20 million in a Series A round of funding.

Company Information

Company

Arc

Location

San Francisco, California, United States

About

Arc is the full-service finance platform for SaaS, providing software startups with the customized financial products they deserve. Founded in 2021, Arc is on a mission to help startups grow by converting future revenue into upfront capital at the click of a button. The company is based in San Francisco and is funded by NFX, Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, and Y Combinator, among others. To learn more, visit www.arc.tech.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People