4/6/2023 0 Comments Qarc funding![]() Arc was an early member of YC’s Winter 2022 batch, which commenced earlier this week. The company has also partnered with Y Combinator, which shares Arc’s mission to help startups grow. They met at Stanford GSB and prior to Arc, built consumerized SaaS software in Silicon Valley as well as raised billions of dollars of debt on Wall Street.” Currier commented, “This is the top team going after this space. NFX founder James Currier joined Arc’s Board of Directors and led the fund’s investment in Arc. Technology-driven financing also removes the biases inherent in conservative financial services - leveling the playing field for founders, especially those outside of Silicon Valley. With Arc, startups can access the capital they need when they need it - without debt or dilution. By building on top of these technology solutions, Arc has turned financing on its head, allowing founders to borrow against the future revenue of their company and grow efficiently. Leveraging Stripe’s banking-as-a-service technology, customers can store and spend their funding from Arc on a single platform designed for software companies. ![]() Machine learning allows Arc to drastically improve interpretation of the financial information it receives compared to manual analysis alone. Backend API integrations from companies like Plaid enable Arc to rapidly and securely underwrite credit risk through real-time access to a startup’s financial data. Unlike conventional banks, Arc leverages technology to programmatically underwrite credit risk, allowing Arc to deploy capital to founders in minutes rather than months. We want founders to know that when it comes to accessing and managing capital, Arc has your back.” And this is only the beginning - in the coming months, we'll be launching a full suite of financial tools to empower SaaS founders to scale their businesses efficiently and retain control. Our fintech platform eliminates the friction inherent in traditional capital raising while broadening access to non-dilutive capital, helping founders preserve ownership in the business they’ve worked so hard to build. Arc was purpose-built for software founders. “Arc provides SaaS startups with the funding alternative they deserve, empowering founders to scale without selling an ownership stake in their business or risking insolvency with legacy credit products. “We’re on a mission to help startups grow,” says Don Muir, Arc co-founder & CEO. The company is quickly becoming the home for SaaS founders’ finance needs. Arc is transforming Wall Street for Silicon Valley - marrying the capital available to mature companies with the consumerized technology experience demanded by technology startups. Arc provides SaaS founders with a digitally native tool to fund growth without dilution, tapping into future recurring revenue to pay for operating expenses today.Īs the full-service finance platform purpose-built for SaaS startups, Arc is building a community of premium software companies where they can borrow, save, and spend all on a single technology platform. These traditional sources of capital leave startups with expensive and offline solutions that limit their ownership, control, operating flexibility, and ultimately growth. Historically, high-growth software companies in their earliest stages turn to venture capital and occasionally venture debt to fund their growth. However, innovation in SaaS companies has outpaced the funding solutions supporting them. Today, cloud services are among the world’s fastest-growing markets - estimated to reach $400 billion in revenue in 2022 and growing 20%+ year-over-year, according to Gartner. Its introductory product, Arc Advance, allows SaaS founders to seamlessly convert future revenue into upfront capital without dilution at the click of a button. In partnership with Stripe, Arc is building a first-of-its-kind fintech solution where software founders can borrow, save, and spend on one comprehensive digital platform. SAN FRANCISCO-( BUSINESS WIRE)- Arc, the full-service finance platform for SaaS, emerged from stealth today with $161 million in total funding from equity and credit investors.
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