Blab Tech
ARC by ChargeItSpot Secures $60 Million Growth Investment from Acadia to Expand Frontline Device Management Platform
ARC by ChargeItSpot, a company that provides a device‑management platform for frontline workers, announced on September 9, 2026 that it has received a $60 million growth investment from Acadia Investment Partners. The funding is intended to accelerate product innovation and expand ARC’s commercial reach across retail, supply chain, logistics, grocery, airline, and warehousing markets.
The announcement follows strong adoption of ARC’s platform, which the company says has reduced device shrink by 95 percent, increased device utilization by more than 20 percent, and cut manager time spent on device administration by nearly 85 percent. According to ARC, these improvements translate into significant operational savings for enterprises that rely on handheld technology to power frontline operations.
ARC’s platform combines self‑service device storage with a cloud‑based management system that provides real‑time visibility into device health, availability, and utilization. The system assigns the most‑charged device to each associate and tracks each device 1:1, allowing managers to identify and replace lost or damaged equipment quickly. The platform’s data analytics layer aggregates usage patterns across millions of transactions—ARC reports more than 130 million user transactions since the platform was deployed at national scale.
“We built ARC because we saw a decades‑old operational problem hiding in plain sight,” said Douglas Baldasare, CEO of ARC. “Enterprises invest billions in devices designed to amplify worker output. When those devices aren’t working, aren’t charged, or aren’t readily available, the investment is wasted and worker output goes down. ARC provides the infrastructure and intelligence to solve those challenges upstream.”
Acadia Investment Partners, a private‑equity firm that focuses on technology businesses serving the traditional economy, said it was attracted to ARC’s “large and persistent problem, differentiated solution, demonstrated customer value, and significant room to scale.” Harsh Agarwal, founder and managing partner of Acadia, added that the firm believes ARC is “exceptionally well‑positioned to continue its substantial growth trajectory by solving these complex operational problems and defining this category.”
The investment will fund product development and the scaling of operational resources. ARC plans to extend its platform to additional frontline‑intensive industries and deepen its commitment to solving customers’ challenges. The transaction also brings Acadia partners Harsh Agarwal and Peter Schmitt onto ARC’s board of directors, providing strategic and operational expertise.
ARC’s CEO noted that the partnership will help the company “accelerate our vision to become the technology platform that powers the frontline workforce.” The company said it will use the capital to accelerate the rollout of new features and support a broader customer base.
The press release did not disclose additional terms of the transaction. ARC’s website, experiencearc.com, and the Acadia website, acadiaip.com, provide further background on the companies.
The investment comes at a time when many enterprises are expanding their use of handheld devices but struggle to manage them at scale. According to ARC, the platform’s ability to reduce shrink, improve utilization, and provide real‑time operational insight addresses a costly blind spot that has led to lost and damaged equipment, excess inventory, and significant managerial effort.
In summary, ARC by ChargeItSpot has secured a $60 million growth investment from Acadia Investment Partners to accelerate product innovation and expand its enterprise device‑management platform across multiple frontline‑intensive sectors. The funding will support new feature development, operational scaling, and the addition of Acadia partners to ARC’s board. The company’s platform has already demonstrated measurable reductions in device shrink, manager time, and improvements in utilization, and it plans to build on these gains as it expands its customer footprint.
The announcement follows strong adoption of ARC’s platform, which the company says has reduced device shrink by 95 percent, increased device utilization by more than 20 percent, and cut manager time spent on device administration by nearly 85 percent. According to ARC, these improvements translate into significant operational savings for enterprises that rely on handheld technology to power frontline operations.
ARC’s platform combines self‑service device storage with a cloud‑based management system that provides real‑time visibility into device health, availability, and utilization. The system assigns the most‑charged device to each associate and tracks each device 1:1, allowing managers to identify and replace lost or damaged equipment quickly. The platform’s data analytics layer aggregates usage patterns across millions of transactions—ARC reports more than 130 million user transactions since the platform was deployed at national scale.
“We built ARC because we saw a decades‑old operational problem hiding in plain sight,” said Douglas Baldasare, CEO of ARC. “Enterprises invest billions in devices designed to amplify worker output. When those devices aren’t working, aren’t charged, or aren’t readily available, the investment is wasted and worker output goes down. ARC provides the infrastructure and intelligence to solve those challenges upstream.”
Acadia Investment Partners, a private‑equity firm that focuses on technology businesses serving the traditional economy, said it was attracted to ARC’s “large and persistent problem, differentiated solution, demonstrated customer value, and significant room to scale.” Harsh Agarwal, founder and managing partner of Acadia, added that the firm believes ARC is “exceptionally well‑positioned to continue its substantial growth trajectory by solving these complex operational problems and defining this category.”
The investment will fund product development and the scaling of operational resources. ARC plans to extend its platform to additional frontline‑intensive industries and deepen its commitment to solving customers’ challenges. The transaction also brings Acadia partners Harsh Agarwal and Peter Schmitt onto ARC’s board of directors, providing strategic and operational expertise.
ARC’s CEO noted that the partnership will help the company “accelerate our vision to become the technology platform that powers the frontline workforce.” The company said it will use the capital to accelerate the rollout of new features and support a broader customer base.
The press release did not disclose additional terms of the transaction. ARC’s website, experiencearc.com, and the Acadia website, acadiaip.com, provide further background on the companies.
The investment comes at a time when many enterprises are expanding their use of handheld devices but struggle to manage them at scale. According to ARC, the platform’s ability to reduce shrink, improve utilization, and provide real‑time operational insight addresses a costly blind spot that has led to lost and damaged equipment, excess inventory, and significant managerial effort.
In summary, ARC by ChargeItSpot has secured a $60 million growth investment from Acadia Investment Partners to accelerate product innovation and expand its enterprise device‑management platform across multiple frontline‑intensive sectors. The funding will support new feature development, operational scaling, and the addition of Acadia partners to ARC’s board. The company’s platform has already demonstrated measurable reductions in device shrink, manager time, and improvements in utilization, and it plans to build on these gains as it expands its customer footprint.
