Tech Company Financing Transactions

Arc Funding Round

Abstract Ventures, Andreessen Horowitz and Eclipse Ventures participated in a $70 million Series B capital raise for Arc. The round was announced on 9/29/2023.

Transaction Overview

Company Name
Announced On
9/29/2023
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Series B
Proceeds Purpose
The company, which has now raised over $100m in total funding, intends to use the capital to continue to expand operations and its development efforts.

Company Information

Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
Los Angeles, CA Undisclosed
USA
Phone
Undisclosed
Email Address
Overview
Arc is developing the next generation of watercraft, starting with electric sport boats. Founded in 2021 in Los Angeles, CA, we're pushing the industry forward on an ambitious timeline. We build electric boats from scratch by blending modern aerospace design and manufacturing techniques with traditional marine craftsmanship. By designing our battery packs, powertrain, thermal control systems and software in-house, we create boats with a cohesive feel, optimal performance, and new features you won't find on any other watercraft.
Profile
Arc LinkedIn Company Profile
Social Media
Arc Company Twitter Account
Company News
Arc News
Facebook
Arc on Facebook
YouTube
Arc on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Mitchell Lee
  Mitchell Lee LinkedIn Profile  Mitchell Lee Twitter Account  Mitchell Lee News  Mitchell Lee on Facebook
Chief Technical Officer
Ryan Cook
  Ryan  Cook LinkedIn Profile  Ryan  Cook Twitter Account  Ryan  Cook News  Ryan  Cook on Facebook


 

 

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We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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