Senior Backend Software Engineer, Arc
$175-230k
Offers Equity
3 days a week in office
Financing for SaaS startups
Open for applications
Financing for SaaS startups
21-100 employees
Open for applications
$175-230k
Offers Equity
3 days a week in office
21-100 employees
Company mission
To provide a better way for software startups to raise capital without incurring costly dilution and risky debt.
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Company mission
To provide a better way for software startups to raise capital without incurring costly dilution and risky debt.
Our take
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 at Welcome to the Jungle
Benefits
- Remote & hybrid working opportunities with offices in San Francisco and NYC
- Arc takes pride in benchmarking comp. packages (salary & equity) to the highest-paid talent-pools in the U.S
- All Arc-itects receive unlimited PTO, paid holidays, flexible remote work options, and paid parental leave
- Mental health resources, learning & development stipends, and more are coming soon!
- Access to best-in-class medical, dental, and vision coverage and a monthly health and wellness stipend from day one
Company values
- Earn Trust – Have unquestionable integrity and honesty. Be transparent and speak up early and often. Deliver on commitments
- Passion – Strive to be the best and constantly improve. Don't be satisfied with the status quo. Show up every day with enthusiasm
- Bias for action – Be proactive in solving problems. Feel empowered to make decisions, even at the risk of making a mistake
- Curiosity – Genuinely pursue knowledge. Have humility and recognize there's always more to learn. Value new perspectives
Funding (2 rounds)
Aug 2022
$20m
SERIES A
Jan 2022
$11m
SEED
Total funding: $31m
This company has top investors
Leadership
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, Equity & Inclusion at Arc
- Commitment to community: We recently took the Conscious Culture Pledge. Being a conscious company means that we consciously take action to foster an inclusive and diverse workplace. It starts with our hiring practices, and continues throughout our evolving benefits package.
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