Arc Technologies Launches Online Venture Debt Marketplace, Providing Easier Access to Capital for Startups
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Venture debt can be a cheaper financing option than equity, but some view it negatively after Silicon Valley Bank's troubles.
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Startup Arc Technologies aims to make venture debt more accessible with an online marketplace matching companies with lenders.
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Arc's model quickly provides debt terms to companies based on financial data and lender compatibility.
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Over 350 deals have closed on Arc's platform so far, with nearly $100B in available lending capital.
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Arc plans to build more banking products and improve lender experiences, including a new product launching in 2024.