Arc, with a valuation cap of $40 million, is raising crowdfunding on Wefunder. The company has developed a remote career platform for developers. The developers can use the platform to search for remote jobs worldwide and get connected with the hiring companies. Weiting Liu founded Arc in July 2013. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $5,000,000, will be used towards expanding the product team, expanding the sales and recruiting team, and other strategic initiatives. Arc already has over 750,000 developers in its network and is generating a $3.8 million revenue run rate. The new remote recruiting business of the company is growing at 470% year-over-year.

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