- Companies
- The Browser Company
The Browser Company Acquisition, Valuation, Funding & Investors
The Browser Company was acquired by Atlassian for $1.8B in September 2025, a 0.3x multiple on $6.6B of revenue.
The Browser Company revenue at acquisition
$6.6B
Last twelve months · Sep 2025
The Browser Company revenue multiple at acquisition
0.3x
EV/Revenue · Sep 2025
The Browser Company EBITDA multiple at acquisition
7.1x
EV/EBITDA · Sep 2025
About The Browser Company
The Browser Company is a San Francisco-based startup behind Arc, a web browser launched in 2023 that emphasizes focus, organization, and customization. Available on macOS, Windows, iOS, and Android, Arc features Spaces for tab management, a command bar for quick actions, and built-in tools like Easels for note-taking. It has attracted over 100,000 daily users by prioritizing privacy with no data tracking and integration with productivity apps like Notion and Slack.
Founded
2019
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Advertising
Revenue
$6.6B (Sep 2025)
Valuation
$550M (Mar 2024)
Sectors
The Browser Company Acquisition
The Browser Company was acquired by Atlassian for $1.8B on 4 September 2025.
The acquisition price implies a 0.3x revenue and 7.1x EBITDA multiple on $6.6B of revenue.
Before the acquisition The Browser Company had raised $68M across 3 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 4 Sep 2025 | Strategic M&A | $1.8B | 0.3x | 7.1x |
The Browser Company Valuation
The Browser Company is currently valued at $550M, based on its Series B in March 2024.
The $50M round was led by Pace Capital.
The Browser Company valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2024 | Series B | $550M |
The Browser Company Funding History
The Browser Company has raised a total of $68M across 3 funding rounds.
The Browser Company's first fundraising round was a $5M seed round in July 2020. The most recent completed round was a $50M Series B in March 2024.
The Browser Company funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series B | Pace Capital (lead) | $50M | $550M | The Browser Company, founded in 2019 by Josh Miller and Hursh Agrawal, creates the Arc browser—a web browser designed to revolutionize the browsing experience with innovative features and AI-powered search capabilities. The company positions Arc as the successor to the personal computer, operating as a next-generation browser with customizable features and advanced product innovation. The founders brought significant credentials: Miller was director of product at the White House during Barack Obama's tenure and an investor at Thrive Capital, while Agrawal previously co-founded Branch.com with Miller, a conversational service acquired by Facebook in 2014. In March 2024, The Browser Company raised $50 million in a Series B funding round led by Pace Capital, at a $550 million post-money valuation. This round brought the company's total funding to approximately $103 million across five funding rounds. The company attracted prominent angel investors and earlier investors including LinkedIn CEO Jeff Weiner, Figma CEO Dylan Field, Notion co-founder Akshay Kothari, GitHub CTO Jason Warner, and Medium founder Ev Williams. Pace Capital's lead investor, Chris Paik, articulated a vision that the browser would evolve into an operating system with all software accessible through web applications, emphasizing The Browser Company's culture of shipping weekly and constantly pushing product innovation boundaries. Despite significant funding, The Browser Company had not publicly disclosed monetization plans as of March 2024. The company launched a project called "We might not make it" to release videos discussing revenue generation strategies, competitive positioning, and product approach criticisms. The company also attracted specialized talent, including a former engineering lead from Google Chrome and design leads from Tesla and Medium. The Arc browser was made available for general release in 2022, positioning it in direct competition with established browsers like Chrome and emerging alternatives like Brave. |
| May 2021 | Series A | Shane Curran; Hugo Barra; Emilie Choi; Fidji Simo; Next Play Ventures; Terrence Rohan; Reid Hoffman; Bret Taylor; Mike Krieger; Scott Belsky; Eric Yuan | $13M | - | The Browser Company raised $13 million in a Series A funding round in May 2021. The round was designed to expand the team and accelerate product development for Arc, the company's browser product positioned to compete with Chrome. The company was founded by Josh Miller and had attracted notable Silicon Valley investors including Jeff Weiner, Ev Williams, Akshay Kothari, Dylan Field, and Jason Warner in earlier rounds. At the time of the May 2021 round, the company remained early-stage with less than ten employees and was still in development phase. The Browser Company later raised a $50 million Series B in March 2024 at a $550 million valuation, and was subsequently acquired by Atlassian in September 2025 for $610 million. |
| Jul 2020 | Seed | Atlassian Ventures; Akshay Kothari; BoxGroup; Next Play Ventures; Dylan Field; Evan Williams; Jason Warner; Jeff Weiner | $5M | - | The Browser Company raised a $5 million seed round in July 2020 from investors including Akshay Kothari, Atlassian Ventures, BoxGroup, Dylan Field, Evan Williams, Jason Warner, Jeff Weiner, and Next Play Ventures. The New York-based startup, founded by Joshua Miller and Hursh Agrawal, aimed to develop a new web browser built on Chromium to challenge Google Chrome's dominance by offering customizable interfaces and features inspired by modern web apps. At the time, the company had fewer than ten employees and planned to begin beta testing later that year. The round supported initial product development and market entry for what would become the Arc browser. Miller, previously the Obama White House’s director of Product and an investor at Thrive Capital, led the effort to create a browser that helps users make sense of the overwhelming internet. |
Who has invested in The Browser Company?
19 investors have backed The Browser Company across its funding rounds, including Next Play Ventures, BoxGroup, Scott Belsky, Dylan Field, Terrence Rohan and Atlassian Ventures.
Lead investors include Pace Capital.
The Browser Company Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2020 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Participant | May 2021 | ||
| 1 | Lead | Mar 2024 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Jul 2020 | ||
| 1 | Participant | May 2021 | ||
This data is available for Pro users. Sign up to see all 19 The Browser Company investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialThe Browser Company Competitors
The Browser Company competitors include listed companies like Opera and Ireader, and private ones like Nook Media, Lightricks, Akulaku Group and Glance.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.8B | - | ||
| Private | $200M | - | $1.8B | 9.0x | ||
| Private | - | - | $1.8B | - | ||
| Private | $34M | - | $1.7B | 50.0x | ||
| Publicly listed | $615M | $141M | $1.6B | 2.1x | ||
| Publicly listed | $484M | ($16M) | $1.5B | 3.5x |
The Browser Company Public Comps
The Browser Company is no longer listed, but its public comps include Opera, Ireader, Wondershare, Meitu, Grindr, Strive, Yalla Group, Truecaller, Hello Group and VNG Corp..
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $615M | $141M | 2.4x | 2.1x | 10.5x | 9.2x | |||
| $484M | ($16M) | 2.7x | 3.5x | (81.1x) | - | |||
| $229M | ($6M) | 6.3x | 6.4x | (231.3x) | (175.1x) | |||
| $575M | $137M | 3.0x | 2.6x | 12.5x | 9.6x | |||
| $440M | $145M | 7.0x | 6.0x | 21.1x | 13.8x | |||
| $4M | ($21M) | 878.1x | 316.5x | (149.8x) | (64.9x) | |||
| $342M | $128M | - | - | - | - | |||
| $195M | $61M | 3.2x | 3.4x | 10.2x | 11.8x | |||
This data is available for Pro users. Sign up to see all The Browser Company competitors and their valuation data. Start Free Trial | ||||||||
Common questions about The Browser Company
| When was The Browser Company founded? | The Browser Company was founded in 2019. |
| Where is The Browser Company headquartered? | The Browser Company is headquartered in New York City, NY, United States. |
| Is The Browser Company publicly listed? | No, The Browser Company was acquired by Atlassian in September 2025. |
| Who acquired The Browser Company? | The Browser Company was acquired by Atlassian in September 2025. |
| How much was The Browser Company acquired for? | The Browser Company was acquired for $1.8B in September 2025, a 0.3x revenue multiple. |
| What is The Browser Company's valuation? | The Browser Company was last valued at $550M in its Series B in March 2024. |
| How much funding has The Browser Company raised? | The Browser Company has raised $68M across 3 funding rounds. |
| What was The Browser Company's last funding round? | The Browser Company's last funding round was a $50M Series B in March 2024, led by Pace Capital. |
| Who are The Browser Company's investors? | The Browser Company's investors include Next Play Ventures, Atlassian Ventures, Shane Curran, Akshay Kothari, Hugo Barra, Emilie Choi, BoxGroup, Fidji Simo, Pace Capital, Terrence Rohan and 9 others. |
| Which companies are comparable to The Browser Company? | Companies comparable to The Browser Company include Nook Media, Lightricks, Akulaku Group, Glance, Opera and Ireader. |
See companies similar to The Browser Company
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