Eclipse Ventures, a venture capital firm operating in the United States, led a $70m Series B funding round in Arc Boat Company, a Los Angeles-based electric boat startup, with participation from Eclipse, Andreessen Horowitz, Lowercarbon Capital, Menlo Ventures and Abstract Ventures. “The Arc One was a bootstrapping tool. This round of financing is really to get us into mass manufacturing of a wakesports boat that is actually designed to help substantially fund our operations. Our goal as a business is to make better boats and sell them for a profit.” Mitch Lee, Arc Boat Company Co-Founder.