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Left Lane Leads $20M Arc Series A Round

Left Lane Leads $20M Arc Series A Round

08/17/22, 10:08 AM
Money raised
$20 million
Industry
finance
financial services
software
Round Type
series a
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.

Company Info

Company
Arc
Additional Info
The company will use the new funding to accelerate its growth and expand the availability of its treasury and software products built to help startups access and manage capital while retaining equity. The company also announced that Dan Ahrens, Managing Partner at Left Lane Capital, will join its Board of Directors.
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