Fundraising Fox
ARC
Philadelphia, US · Founded 2011 · 8 known investors
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ARC is a device management system that tracks, charges, and maintains shared enterprise devices like smartphones, tablets, and scanners. It helps organizations reduce device waste, track fleet usage in real time, and improve employee productivity through intelligent charging and integrated reporting.
Founders & leadership
ARC was founded in 2011 by Douglas Baldasare.
DB
Douglas BaldasareDouglas Baldasare is a founder of ARC, a device management system for enterprise handheld devices, and serves as Entrepreneur in Residence at University of Pennsylvania's Venture Lab and guest lecturer at Wharton School. He has published in The Huffington Post, Adage, and Luxury Daily, and brings prior experience from ChargeItSpot, which he helped build since 2011.
RK
Robert KaySenior Vice President Operations2013–2026Robert Kay spent over 12 years in operations and leadership roles at ChargeItSpot, helping scale the device management company to more than $30 million in annual revenue before transitioning to Solar Energy World as a Field Energy Advisor, where he consults with homeowners on solar energy solutions.
HA
Harsh AgarwalExecutive
PS
Peter SchmittExecutive
Investors · 8
FusionX Ventureslisted by FusionX VenturesSan Diego
How we know: FusionX Ventures's portfolio page · Not right? Tell us
Robin Hood Ventureslisted by Robin Hood VenturesPhiladelphia · $250K – $1Mvia Pitou Devgon · inferred
How we know: Robin Hood Ventures's portfolio page · funding news · Not right? Tell us
Soundboard Venture Fundlisted by Soundboard Venture FundNew Jersey
How we know: Soundboard Venture Fund's portfolio page · Not right? Tell us
Also in the syndicate · 2
Chimera VCleadMIXI Global Investmentslead
Funding
SEC filings, press & company announcements$90.4M disclosed across 7 of 10 rounds · 2014–2026
- Undisclosed amountPre-Seed FundingSep 2026
Chimera VC (lead), MIXI Global Investments (lead)
Source ↗
▶$57.1MraisedAug 2026 · 20 investors · Other TechnologyRule 506(b)
▶$57.1MraisedAug 2026 · 20 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Douglas BaldasareExecutive Officer, Director
- Harsh AgarwalExecutive Officer, Director
- Peter SchmittExecutive Officer, Director
- Offering amount
- $57.1M
- Amount sold
- $57.1M
- First sale
- Jul 2026
- Incorporated
- Limited Liability Company, Delaware
- Federal exemptions
- 06b
▶$19.8MraisedOct 2024 · 50 investors · Other TechnologyRule 506(b)
▶$19.8MraisedOct 2024 · 50 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Douglas BaldasareExecutive Officer, Director
- Offering amount
- $25M
- Amount sold
- $19.8M
- Proceeds to insiders
- $1M
- First sale
- Apr 2023
- Incorporated
- Limited Liability Company, Delaware
- Federal exemptions
- 06b
▶$6.9MraisedJan 2022 · 58 investors · Other TechnologyRule 506(b)
▶$6.9MraisedJan 2022 · 58 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Douglas BaldasareExecutive Officer, Director, Promoter
- Offering amount
- $10M
- Amount sold
- $6.9M
- Sales commissions
- $60.5K
- Placement agents
- SI Securities, LLC
- First sale
- Oct 2018
- Incorporated
- Limited Liability Company, Delaware
- Federal exemptions
- 06b
▶$750KraisedJun 2016 · 1 investors · OtherRule 506(b)
▶$750KraisedJun 2016 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Robert KayExecutive Officer
- Douglas BaldasareExecutive Officer, Director, Promoter
- Offering amount
- $2M
- Amount sold
- $750K
- First sale
- Jun 2016
- Incorporated
- Limited Liability Company, Delaware, 2011
- Federal exemptions
- 06b
▶$404.7KraisedJun 2016 · 16 investors · OtherRule 506(b)
▶$404.7KraisedJun 2016 · 16 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- ROBERT KAYExecutive Officer
- DOUGLAS BALDASAREExecutive Officer, Director
- Offering amount
- $500K
- Amount sold
- $404.7K
- First sale
- Dec 2015
- Incorporated
- Limited Liability Company, Delaware, 2011
- Federal exemptions
- 06b
▶$5.3MraisedDec 2015 · 63 investors · OtherRule 506(b)
▶$5.3MraisedDec 2015 · 63 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- DOUGLAS BALDASAREExecutive Officer, Director
- ROBERT KAYExecutive Officer
- Offering amount
- $5.3M
- Amount sold
- $5.3M
- Sales commissions
- $64.8K
- Placement agents
- NORTH CAPITAL PRIVATE SECURITIES CORPORATION, NORTH CAPITAL PRIVATE SECURITIES CORPORATION, NORTH CAPITAL PRIVATE SECURITIES CORPORATION
- First sale
- Nov 2014
- Incorporated
- Limited Liability Company, Delaware, 2011
- Federal exemptions
- 06b
▶$100KraisedMar 2014 · 1 investors · OtherRule 506(b)
▶$100KraisedMar 2014 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Robert KayExecutive Officer
- DOUGLAS BALDASAREExecutive Officer, Director
- Offering amount
- $750K
- Amount sold
- $100K
- First sale
- Mar 2014
- Incorporated
- Limited Liability Company, Delaware, 2011
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Frequently asked questions
- What does ARC do?
- ARC is a device management system that tracks, charges, and maintains shared enterprise devices like smartphones, tablets, and scanners. It helps organizations reduce device waste, track fleet usage in real time, and improve employee productivity through intelligent charging and integrated reporting.
- Who founded ARC?
- ARC was founded by Douglas Baldasare in 2011.
- Who are ARC's investors?
- ARC's investors include aVenture, FusionX Ventures, Robin Hood Ventures, Soundboard Venture Fund, Start Capital, TIA Ventures.
- How much funding has ARC raised?
- ARC has disclosed $90.4M raised across 7 of its 10 known rounds.
- Where is ARC headquartered?
- ARC is headquartered in Philadelphia, US.