Berlin Fintech Startup ARC Raises €4M in Days
The founders, Simon Zimmermann (CTO) and Clemens Wessendorff (CEO) - © ARC Intelligence
Berlin-based ARC Intelligence has closed a €4 million seed round, and the funding process moved unusually fast. Led by 42CAP, with existing backers 468 Capital and IBB Ventures also joining in, the deal went from first conversations to a signed term sheet in about a week, according to a report by Tech Funding News (TFN).
Founded in 2023 by CEO Clemens Wessendorff and CTO Simon Zimmermann, ARC builds an AI layer that pulls together a company's scattered ERP systems into one unified data model. Rather than ripping out old software, the platform sits on top of existing systems, whether legacy tools or newer platforms like Business Central, and uses standard ETL pipelines to feed a central model that automates reporting and reconciliation. The idea grew out of Zimmermann's time in financial due diligence and M&A at Deloitte, where he and Wessendorff kept running into the same issue: ERP systems full of inefficiencies with no easy fix short of a full overhaul.
Since its pre-seed round in December 2024, ARC has grown revenue tenfold, and the team plans to repeat that this year. The company, currently eight people, aims to grow to around 25 within twelve months, using the fresh capital to expand into the Netherlands and the UK, with the US pegged as a longer-term goal. ARC now competes in a space where its two named rivals, Lucanet and OneStream, both belong to the same private equity owner, Hg, following its $6.4 billion take-private deal for OneStream earlier this year.
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