The Browser Company raises $50M at a $550M valuation

The Browser Company, which makes the Arc browser, has raised $50 million in a round led by Pace Capital at a $550 million valuation, we have learned exclusively.

The company’s head of storytelling, Nashilu Mouen, confirmed the investment.

‘Now, more than ever, we continue to believe that the successor to the personal computer (PC) is imminent. And it starts in the browser. We’ll see you there,’ Mouen said in a statement.

The company, founded in 2019, has raised a total of $128 million across multiple rounds with well-known investors such as LinkedIn’s Jeff Weiner, Medium’s Ev Williams, Figma’s Dylan Field, Notion’s Akshay Kothari, and GitHub’s Jason Warner. Next Play Ventures and Pace Capital are among the existing investors.

The Browser Company was started by Josh Miller, who was the director of product at the White House during Barack Obama’s tenure and investor at Thrive Capital; and Hursh Agrawal, who had started the conversational service Branch.com with Miller — a startup acquired by Facebook in 2014.

Building Arc

The startup’s Arc browser has managed to capture people’s attention with its feature set like command bar navigation, pinned tabs, and different workspaces to separate websites for work and personal consumption. But for the longest time, the browser was available only on an invite-only basis on Mac. Last July, the company opened downloads for all users. Plus, it started making a Windows client available through a closed beta program.