$130-190k
+ Stock options
3+ days a week in office
Financing for SaaS startups
Job no longer available
Financing for SaaS startups
21-100 employees
Job no longer available
$130-190k
+ Stock options
3+ days a week in office
21-100 employees
To provide a better way for software startups to raise capital without incurring costly dilution and risky debt.
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To provide a better way for software startups to raise capital without incurring costly dilution and risky debt.
One of the most exciting, and frankly necessary, elements of the startup journey is financing. Securing capital before entering a major growth phase, usually by way of Venture Capital funding. There’s an obvious trade-off though that most startups just accept – diluted ownership.
Arc is hailing itself as the future of startup financing with a platform that offers debt funding and digital banking services to Software-as-a-Service (SaaS) startups. Rather than giving up a percentage stake in the company, users can borrow from forecasted future earnings.
It’s proving very popular too - the company claimed to have over 1,000 users just eight months after emerging from stealth. The fact that Arc is partnered with Stripe has no doubt boosted its reputation, while its singular focus on SaaS startups could actually boost its popularity within that vertical.
Considering that the SaaS industry has seen substantial growth in recent years, and is showing no signs of slowing down, Arc looks to be headed in the right direction.
Freddie
Company Specialist
Aug 2022
$20m
SERIES A
Jan 2022
$11m
SEED
This company has top investors
Founders
Don Muir
(CEO)Began career as a Management Consultant for Boston Consulting Group, before entering Private Equity for Onex and Apollo Global Management.
Nick Lombardo
(President)Former Investment Banking Analyst for Credit Suisse. Joined AEA Investors in 2015 as a Private Equity Vice President, before working in Strategic Finance at Sila Nanotechnologies.
Raven Jiang
(CTO)Was a Founding Engineer at Affinity, Inc, and Ubiquity6 Inc. (acquired by Discord). Previously worked for Tesla as an Autopilot Software Engineer, then joined Facebook as a Front End Engineer.
Diversity & Inclusion at Arc