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
Los Angeles, CA Undisclosed
USA
Phone
Undisclosed
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mitchell Lee
Chief Technical Officer
Ryan Cook
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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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