What: Fintech platform offering intelligent cash management and business financing for technology/SaaS startups
Founded: 2021
Founders: Don Muir; Nick Lombardo; Raven Jiang
Funding highlights: $20M Series A (Aug 16, 2022); previously announced $11M seed + $150M in debt financing (Jan 13, 2022)
Employees: Approximately 245
HQ: San Francisco, United States
Cash management and business financing for technology/SaaS startups.
2021
Fintech
11000000 USD
Announced alongside a $150M debt financing; included participation from multiple venture and angel investors.
150000000 USD
Announced as $150M in debt financing; Atalaya Capital Management provided a credit component.
20000000 USD
Series A with participation from existing and new investors.
“Investors include Left Lane (Series A lead), NFX (seed lead), Y Combinator, Bain Capital Ventures, Clocktower Technology Ventures, Torch Capital, Atalaya Capital Management, and a group of angel investors.”
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What we're building
Our vision is to electrify all waterborne vessels, and we're expanding on our success in the recreational market with commercial harborcraft.
Gas boats dominate today's marine industry not because of great product offerings but because of a lack of better alternatives. Boaters have grown accustomed to vehicles that feel stuck in the 1980s: unreliable, expensive, loud, noxious, and a nightmare to own and operate. They're also awful for the water and air they reside in.
By contrast, electric boats are superior in nearly every way: not only are they far more reliable and less costly to operate, but they're also quieter, quicker, and cleaner, with no fumes or pollutants. However, they've been held back by both the technology and the talent to make them truly competitive with gas alternatives. That's Arc's opportunity.
Using modern, aerospace- and automotive-inspired techniques, we're building our hulls, batteries, cooling systems, firmware, and software together to deliver the next generation of watercraft.
Who we're looking for
We're looking for someone that is excited by our vision and eager for a challenge,. We pride ourselves on transparency and operate in a lean, high-trust environment that encourages everyone to take ownership over their domain.
As a Mechanical Engineer on our Vehicle Systems, you will be working full-time in our Torrance office on the Commercial Systems team reporting to our head of commercial architecture and working on designing new electric and hybrid propulsion systems to make port operations cheaper, quieter, and less emissive.
Core responsibilities
Basic Qualifications
Bonus Qualifications
At Arc, we encourage diversity and consider all qualified applicants equally for employment, regardless of background, identity, or status. You're always welcome to reach out even if you don't meet many of these qualifications. Passion and aptitude make up for a lot.
Our values
We move with urgency and build with care. We value these five things above all else:
We want people who share and embody these values. It is vital that our values align - we'd be happy to elaborate on any or all of these during the interview process.
What we offer The ability to drive positive environmental change through your work
We don't think great work happens by accident. We invest in the people building Arc — because when you're supported, you do your best work.
Base salary: L3: $150,000 L4:$180,000 per year
Ownership – Equity in Arc
99% employer-paid health coverage – Medical, dental, and vision
Arc Water Fund – Annual stipend to get out on the water, however you choose
Captain Training – Get certified to take the boat out with friends and family
401(k) access – Plan your future
Semi-annual bonuses – Tied to your impact, not just your tenure
Daily team lunches, snacks, and good coffee while onsite
Parental leave – Because family comes first
Boat days – Yes, we actually go out on the water. A lot.
A chance to define the future of boating
Hope to hear from you soon!
The Crew at Arc