Fundz

Ev Boat Startup Arc Wades Into Watersports With $70M In Fresh Funding

PRIVATESep 27, 2023

Round Type

Funding Round

Los AngelesInformation TechnologySustainabilityFinancial ServicesSoftwareConsumer Goods

Description

Arc is making a splash with investors as it wraps up deliveries of its limited edition $300,000 electric boat and eyes its next target: watersports. And, specifically the kind that require a wake.

Quick answer

Arc raised an undisclosed amount in a Funding Round round, dated September 27, 2023. Arc is based in Los Angeles, California, United States.

How much did Arc raise?
Arc raised an undisclosed amount in a Funding Round round on September 27, 2023.
What does Arc do?
Arc is the full-service finance platform for SaaS, providing software startups with the customized financial products they deserve.
Where is Arc based and how big is it?
Arc is based in Los Angeles, California, United States. Fundz records about 100 employees.
Who are the decision-makers at Arc?
Fundz holds 2 contacts at Arc, including the Co-founder, CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Sustainability and Financial Services around the same time

Companies in the same sectors as Arc that raised within 45 days of this round, from Fundz verified event records.

  • Shopblocks raised $1.8M (Seed) on October 2, 2023.
  • Persefoni AI raised $53M on August 18, 2023.
  • TRAFiX raised an undisclosed amount on November 2, 2023.
  • QI Tech raised $200M (Funding Round) on October 31, 2023.
  • Purplle raised an undisclosed amount (Funding Round) on October 30, 2023.
  • Valid8 Financial raised $6M on October 30, 2023.

Who to call at Arc, and when

A new round usually means Arc is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Arc raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Arc, from your own LinkedIn network

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Company Information

Company

Arc

Location

Los Angeles, 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.

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Fundz sees it the moment Arc raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsMitch, Co-founder, CEO hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Arc's next move

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Arc raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.