About SolArc
SolArc is a Technology company based in Houston (United States) founded in 1995, and was acquired by OpenLink in October 2011. Commodity trading and risk management solutions are provided globally. SolArc has raised $25 million across 1 funding round from investors including Openlink and TCV. Its chief executive, as recorded, is Brad Anderson. The company was acqui-hired. SolArc offers products and services including Project Management Services and Contract Administration Services. Its focus areas include FinTech, Investment Tech, Capital Market IT and Trade Management. Its legal entity is SolArc, Inc. Its competitors include IPC, Saphyre and Clear Street; 2 of its 3 listed competitors have raised funding.
Company details
SolArc, Inc. was founded in 1995 and is headquartered in Houston, United States, as a provider of integrated software for the commodities sector. Operations focus on trading, hedging, transportation, and booking of commodities such as oil, energy units, agricultural products, and metals. Services enable oversight of supply chains, marketing, and trading activities across global environments, supporting risk mitigation and operational efficiency for clients in these fields.
- Headquarters Houston, United States
- Stage Acquired
- SectorsTechnology
- Website solarc.com
- Social LinkedIn
- Acquired by OpenLink (Oct 2011)
- Legal Name Solarc, Inc
Products & Services of SolArc
SolArc offers a comprehensive portfolio of products and services, including Project Management Services and Contract Administration Services.
Tailored management of construction projects for standards and compliance.
Efficient handling of contracts and auditable documentation.
Funding Insights of SolArc
SolArc has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series A round of $25 million completed in November 2003. 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 $25M
- Total Rounds 1
- Last Round Series A — $25M
- First Round $25M
(Nov 2003)
- Investors Count 1
All 1 funding rounds of SolArc with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2003 | $25M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in SolArc
SolArc has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Openlink and TCV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested in global technology companies by TCV. | tcv.com | Menlo Park, United States | ||
Trading and risk management solutions are provided to global industries. | 1992 | openlink.com | Uniondale, United States |
Investor details for SolArc
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of SolArc
1 people are tracked at SolArc (1 in leadership).
| Name | Role | Group |
|---|---|---|
Brad Anderson | CEO | Leadership |
Complete people profiles for SolArc
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- Team structure
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Timeline of SolArc
3 dated milestones of SolArc across 16 years, from founding to its latest funding, stage changes and deals.
- Founded SolArc is founded.
- Funding First funding round of $25.0M.
- Exit Acquired by OpenLink.
Competitors of SolArc
SolArc has 3 listed competitors in our database, 2 of them funded. They include IPC, Saphyre and Clear Street.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ipc.com | 1973 | Jersey, United States | 401 | Specialized technology solutions are provided for financial trade lifecycles. | ||
| saphyre.com | 2017 | Hoboken, United States | $88.7M | Pre-trade and post-trade analytics and onboarding solutions | ||
| clearstreet.io | 2018 | New York, United States | $761.71M | Trade life cycle management platform for brokerages |
Detailed competitors of SolArc
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- Full competitor set
- Operating metrics
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Web traffic of SolArc
The website of SolArc (solarc.com) receives about 3.1K visits a month.
- Monthly visits3.1K
▼ 80.6% vs previous month
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as SolArc (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Solarc
Complete news archive for SolArc
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Frequently Asked Questions about SolArc
SolArc was founded in 1995 and raised its 1st funding round 8 years after it was founded.
SolArc is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Brad Anderson is the CEO of SolArc, as recorded in our data.
SolArc is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series A of $25M, raised on Nov 2003.
SolArc, Inc. was founded in 1995 and is headquartered in Houston, United States, as a provider of integrated software for the commodities sector. Operations focus on trading, hedging, transportation, and booking of commodities such as oil, energy units, agricultural products, and metals. Services enable oversight of supply chains, marketing, and trading activities across global environments, supporting risk mitigation and operational efficiency for clients in these fields.
SolArc's top competitors include Clear Street, Saphyre and IPC.
SolArc offers Project Management Services and Contract Administration Services.
SolArc operates through Solarc, Inc.
Yes. SolArc was acquired by OpenLink in October 2011.