Fundz

Left Lane Leads $20M Arc Series A Round

PRIVATEAug 17, 2022

Amount Raised

$20 Million

Round Type

Series A

San FranciscoInformation TechnologySustainabilityFinancial ServicesSoftwareConsumer GoodsFinance

Description

Left Lane Capital has led a $20 million Series A funding round in Arc, a company focused on establishing a digital bank for software startups. Other investors include NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital Ventures, Soma, Alumni Ventures, and Dreamers VC, as well as the founders of Wayflyer, Plaid, Column, Chargebee, Vouch, and Jeeves.

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.

  • Signzy raised $26M (Funding Round) on September 26, 2022.
  • Geopagos raised $35M (Funding Round) on August 4, 2022.
  • Quavo raised $3M on July 20, 2022.
  • Quavo raised an undisclosed amount (Funding Round) on July 19, 2022.
  • Konsolidator raised an undisclosed amount (Funding Round) on September 30, 2022.
  • Hello Divorce, Inc. raised $3.3M (Seed) on September 30, 2022.

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

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.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

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.