Which is weird, since as far as I'm aware, Arc didn't do any engine changes between 0.13.9 and 0.14.0
No idea what could be causing it. I'd say try redownloading, just in case some file was messed up.
But the other thing I can think of is the renderer.
If you can make it to the main menu, press SHIFT+G and select "Force ANGLE2" that should make the game run on directx.
If that doesn't work try GL2
Also, just in case you can't even make it to the main menu, try launching the game while holding SHIFT.