SaaS Tech Start-up Financing Platform Arc Lands $161m Investment
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SaaS tech start-up financing platform Arc lands $161m investment

“We’re on a mission to help start-ups grow,” says Arc co-founder and CEO Don Muir.

Software-as-a-Service (SaaS) financing platform Arc has raised $161 million in funding from equity and credit investors.

SaaS tech start-up financing platform Arc lands $161m investment

Arc co-founder and CEO Don Muir

The platform has emerged from stealth with the financial backing of NFX, Bain Capital, Clocktower, Torch and Y Combinator.

A number of angel investors also contributed including founders from companies Vouch, Observe.AI, Eden Workplace, Teleport, RevenueCat, QuickNode, Dover, Middesk, Instabug, and Rainforest QA.

Built in partnership with Stripe, the Arc Advance platform allows software companies to convert future revenue into upfront capital without dilution, save, and spend on a single digital platform.

Based in San Francisco, Arc claims over 100 sign-ups since its launch last summer.

Its back-end API integrations access a start-up’s financial data and leverage machine learning, allowing it to underwrite credit risk and giving founders access to capital almost instantly.

Arc says this tech-driven financing solution helps to remove biases inherent in traditional financial services, broadening financial inclusion for founders outside of Silicon Valley.

“We’re on a mission to help start-ups grow,” says Arc co-founder and CEO Don Muir.

Muir says Arc means founders can scale without selling an ownership stake in their business or risking insolvency with legacy credit products.

“Our fintech platform eliminates the friction inherent in traditional capital raising while broadening access to non-dilutive capital, helping founders retain ownership in the business they’ve worked so hard to build,” Muir adds.

Arc has also partnered with Y Combinator. Y Combinator general partner Jared Friedman says: “Similar to Stripe and Brex, Arc has created a fintech product with mass appeal for start-ups.”

Source: https://www.fintechfutures.com/2022/01/saas-tech-start-up-financing-platform-arc-lands-161m-investment/

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