About Arc Boats
Arc Boats is a company based in Los Angeles (United States) founded in 2021 by Ryan Cook and Mitch Lee.. Arc Boats has raised $100 million across 4 funding rounds from investors including Menlo Ventures, Eclipse and Abstract Ventures. Arc Boats offers products and services including Arc One and Arc Sport. Arc Boats operates in a competitive market with competitors including Pure Watercraft, Saildrone, Fleetzero, Sceye and Vision Marine Technologies, among others.
- Headquarter Los Angeles, United States
- Founders Ryan Cook, Mitch Lee
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Arc Boat Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 M (USD)
in 4 rounds
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Latest Funding Round
$70 M (USD), Series B
Sep 27, 2023
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Investors
Menlo Ventures
& 11 more
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Employee Count
Employee Count
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Products & Services of Arc Boats
Arc Boats offers a comprehensive portfolio of products and services, including Arc One and Arc Sport. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric boat for premium water adventures with zero emissions
Electric boat combining power and play for thrilling experiences
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Funding Insights of Arc Boats
Arc Boats has successfully raised a total of $100M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $70 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $70.0M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series B - Arc Boats | Valuation | Menlo Ventures , Eclipse | |
| Nov, 2021 | Amount | Series A - Arc Boats | Valuation | Greg Reichow | |
| Oct, 2021 | Amount | Seed - Arc Boats | Valuation | Lowercarbon Capital , Abstract Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Arc Boats
Arc Boats has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Menlo Ventures, Eclipse and Abstract Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Early-stage investments are made by Eclipse across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are invested in by sector-agnostic VC firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Arc Boats
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Arc Boats
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Arc Boats Comparisons
Competitors of Arc Boats
Arc Boats operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pure Watercraft, Saildrone, Fleetzero, Sceye and Vision Marine Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric boats and outboard motors are designed and manufactured.
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| domain | founded_year | HQ Location |
Developer of autonomous unmanned surface vehicle
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| domain | founded_year | HQ Location |
Modular electric cargo ships are built by Fleetzero in Houston.
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| domain | founded_year | HQ Location |
Solar-powered high-altitude airships are provided for connectivity and imaging.
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| domain | founded_year | HQ Location |
Developer of electric boats
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Arc Boats
Frequently Asked Questions about Arc Boats
When was Arc Boats founded?
Arc Boats was founded in 2021.
Where is Arc Boats located?
Arc Boats is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Arc Boats?
Mitch Lee is the current CEO of Arc Boats. They have also founded this company.
Is Arc Boats a funded company?
Arc Boats is a funded company, having raised a total of $100M across 4 funding rounds to date.
What does Arc Boats do?
Arc Boats was founded in 2021 and is headquartered in Los Angeles, United States. Operations focus on the electric marine sector, where boats are developed with marine-grade aluminium hulls. Custom-built batteries and electric propulsion engines are integrated into the designs. The company handles the full process of engineering and production for these vessels.
Who are the top competitors of Arc Boats?
Arc Boats's top competitors include Pure Watercraft, Fleetzero and Saildrone.
What products or services does Arc Boats offer?
Arc Boats offers Arc One and Arc Sport.
Who are Arc Boats's investors?
Arc Boats has 12 investors. Key investors include Menlo Ventures, Eclipse, Abstract Ventures, Andreessen Horowitz, and Lowercarbon Capital.
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