Puerto Rico Focused Fund

But we'll look from PR to NYC

Learn More

Investing in Early-Stage

High-Growth Businesses

Learn More

Monthly Investor Meetings

Meeting Potential Investment Opportunities

Learn More

Investing $50K-$250K

Committed Fund with sidecar investments

Learn More

The mission of the ARC Angel Fund PR is providing much needed risk capital to, primarily, seed and early stage companies in Puerto Rico with high growth potential. The ARC Angel Fund PR investors and management team, while seeking superior returns, contribute their time and expertise to create high growth valuable portfolio companies, thereby promoting entrepreneurship, wealth, and job creation in Puerto Rico. The ARC Angel Fund PR invests in industries with which its members have experience, with investments averaging $50,000 to $250,000, each, over the life of the investment. 



The ARC Angel Fund PR is a member-led angel fund. An angel fund is, in essence, a hybrid model between an angel group and a venture capital fund. Our members bring their own expertise to the table and can actively participate as much as they like in the fund’s investment decisions, and can personally invest alongside the fund.

The ARC Angel Fund PR’s alliance with the founders and managers of the New York ARC Angel Fund (www.arcangelfund.com) brings to Puerto Rico knowledge in angel and venture capital investing as well as access to a large network of other national investor groups and associations. The ARC Angel Fund Puerto Rico is a member of the Angel Capital Association and the Community Development Venture Capital Alliance.

Sector Focus

Software, IT, Internet, Tech-Enabled Services, Business Services, Digital Media, Mobile, Healthcare IT, and others

Region

The Fund has a primary focus in Puerto Rico, companies with Puerto Rican founders anywhere in the world, and Northeast & Mid-Atlantic companies near ARC NYC.

Stage

We invest in early-stage companies with a product and some revenue and valuations under $5M.

Our Process












Unlike a standard Venture fund, the GP is owned by the investors.

General Membership makes the Investment decisions. Committees are set up to handle the business of the Fund. An Executive Committee is comprised of volunteer members of the General Partner and provides oversight of the ARC Angel Fund PR.


Source:

Investment opportunities are brought to the ARC Angel Fund PR from members, affiliated organizations, fund managers and other institutions. Deals may also be submitted through our website here. Submitting companies MUST submit a PowerPoint and Financials with their executive summary.


Evaluation:

The Evaluation Committee members will review investment opportunities, and if the Evaluation Committee elects to have a company present to the Members of the General Partner, it will be responsible for preparing such company to present, along with the founding team.

Due Diligence:

A Due Diligence Committee will be set up for each company approved by the General Partner for due diligence. Each Due Diligence Committee will make a recommendation, and pending a vote to invest by the members of the General Partner, will prepare a term sheet and negotiate the terms of investment.


Monitoring:

Following an investment, a Monitoring Committee will be set up for each portfolio company, often including members of the Due Diligence Committee, to work with the portfolio company and report on the company at monthly meetings of the General Partner. The committee will be responsible for keeping the ARC Angel Fund PR apprised of a portfolio company’s material developments, including management changes, subsequent rounds of venture investments and the company's business milestones.


Executive Director



Read More

Mr. Sifre holds a Bachelor of Arts in Economics from Boston College (1989) and a Juris Doctor (Cum Laude) from the University of Puerto Rico School of Law (1992). Mr. Sifre, from 1992 to 1996, was a member of the Corporate Law Department at McConnell Valdés where he concentrated in the areas of business, corporate, real estate, and intellectual property law.

Mr. Sifre has been actively involved in a wide variety of transactions including mergers and acquisitions, venture capital financing, residential and commercial financing, workouts, lease financing, vessel financing, film financing, real estate sales and acquisitions, commercial leases, private placement of securities and distribution contracts.

Mr. Sifre provides strategic advice to start-up companies in the planning, financing and operation of their businesses, with the objective of maximizing the government incentives available in Puerto Rico to various industries. He represents corporate clients in the music, film, television and Internet industries. Mr. Sifre works with film producers in developing the financing and corporate structures necessary to benefit from the incentives available under the Puerto Rico Film Industry Development Act. Mr. Sifre also provides counseling in copyright and trademark registration and infringement cases, the protection of intellectual property assets, intellectual property licensing, including software licensing.

Mr. Sifre is admitted to practice in the Commonwealth of Puerto Rico. He is a member of the Business Law, Intellectual Property Law, and Sports and Entertainment Law Sections of the American Bar Association. He serves as corporate secretary for a number of his clients and is an active member of the Film Industry Committee of the Puerto Rico Chamber of Commerce.


ANTONIO J. SIFRE

ARC Founding Team



Read More

Mr. Freschman is a Managing Principal of Innovation Capital Advisors, LLC (ICA). ICA serves as the management company of Innovation Ventures, L.P. (IV), and the Delaware Innovation Fund (DIF). He has served as the President and CEO of the DIF since its establishment in 1995. The DIF is a seed- and early-stage venture capital fund that focuses on entrepreneurial ventures in the Mid-Atlantic region. Mr. Freschman has been responsible for all aspects of IV’s and the DIF’s management since its inception, including the business strategy, fiscal and operational management, raising investment capital, and evaluating all investment opportunities and portfolio company management.

Mr. Freschman is active in the venture and entrepreneurial communities. He is one of the organizers and initial investors in the Mid-Atlantic Angel Group, where he served on the angel fund’s Executive and Investment Committees. He sits on a number of Boards, and has been a lecturer on venture capital, entrepreneurship and angel investing at The White House Conference on Small Business, The Wharton School of the University of Pennsylvania, Temple University, the University of Delaware, Goldey-Beacom College, and Loyola College in Baltimore. He is the creator and founder of Early Stage East – the premier early-stage venture capital event on the East Coast. In 2001, Mr. Freschman was appointed by Gov. Ruth Ann Minner to chair the venture capital study of Delaware’s Strategic Economic Council. Mr. Freschman was appointed and served a three-year term representing New Castle County, Delaware, on the Small Business Advisory Council of the Federal Reserve Bank of Philadelphia through 2002.

Prior to establishing the DIF, Mr. Freschman was responsible for the formation of the corporate finance advisory division of McBride Shopa & Company, one of the largest certified public accounting and consulting firms in Delaware. Mr. Freschman began his career with the Enterprise Group of the Philadelphia office of Arthur Andersen, LLP, from 1984 through 1989. He graduated with honors with an MBA from Loyola College of Maryland and cum laude from the University of Delaware with a B.S. in accounting, where he was a John B. Lynch Scholar. He is also a member of Beta Gamma Sigma – the National Honor Society.


DAVID FRESCHMAN




Read More

For more than 15 years, Michael Kelley has been executing and managing principal investments in private equity. Currently a Director at Merion Investment Partners, a subordinated debt and equity fund with assets under management of $240MM. Prior to Merion, he was the founder and principal of Formation Capital, Inc. ("Formation"), which managed capital in excess of $50 million in equity invested in 30 investments. Formation's venture portfolio includes Foxfire Printing and Packaging, iProcess Online and Performance Systems Development. Prior to Formation, Mr. Kelley was a principal with HK Special Situations Group, where he provided advisory services to the US Small Business Administration regarding a troubled Small Business Investment Company. He was also a principal with GSA Management and with Intrust USA. At Intrust he was responsible for raising and investing 4 real estate tax credit funds and one venture capital fund. In addition to serving as the Chairman of the Board of Directors of the Delaware Innovation Fund, Mr. Kelley sits on the boards of Foxfire Printing, Early Stage East, and the Metropolitan Wilmington Urban League. Mr. Kelley received his BA degree in History magna cum laude from the University of Delaware.

MICHAEL KELLEY




Read More

Ed is the senior member of Reitler Kailas & Rosenblatt LLC. He and his firm handle a wide variety of corporate matters including private equity, venture capital, mergers and acquisitions, capital markets and joint ventures transactions.

Ed is one of the leading venture attorneys in the northeast and has represented dozens of venture funds and their portfolio companies. Notable venture funds include Spark Capital, Safeguard Scientific, Edison Venture, Starvest, First Round, Milestone Ventures, Tribeca Venture Partners, New Spring Capital, New Atlantic Ventures, Osage Venture Partners, Paladin Capital, SJF Ventures, ff Venture Capital, Vocap Ventures, and Gen Y Capital Partners. Notable portfolio company clients include Warby Parker, MediaMath, BillTrust, Business Financial Services, LifeStreet, Service Channel, Spongecell, Pontiflex, FMS, Yieldbot, Kemp Technologies and Aspire Financial.

In addition to ARC, Ed is also a co-founder of the Female Founders Fund, L.P., a seed fund investing in women led businesses targeting the female consumer. He is a frequent speaker and panelist on issues affecting the private equity and venture capital markets and is a regular guest lecturer on venture capital finance at Columbia Business School. Ed is a member of the Board of Directors of Business Financial Services, a credit card accounts receivable factor, gCommerce, Inc., an inventory management and custom order software developer, and Brightbox, a technology and consumer services company. Ed also serves on the technology committee of the New York City Investment Fund, a venture fund that co-invests in early stage businesses in New York City. Ed is a member of Board of Advisors for North West Fund for England, the Nex Gen Fund and Lyric Financial. Ed has also served on the Board of Trustees of the Harvard Law School Alumni Association of New York. He is a frequent speaker and panelist on issues affecting the venture capital and private equity markets and is a regular guest lecturer on venture capital finance at Columbia Business School. Ed graduated from Harvard Law School, magna cum laude, where he was an Editor and a contributor to the Journal of Law and Public Policy and a contributor to the Harvard Journal of Legislation. After a clerkship with the Hon. J. Edward Lumbard (United States Court of Appeals for the Second Circuit), he joined Cravath, Swaine & Moore in 1991. He joined Reitler Kailas & Rosenblatt LLC in 1998 as a member.

Ed Reitler




Read More

Joe Rubin is a Director & Co-Founder of FundingPost.com. FundingPost has been introducing entrepreneurs to investors nationwide for over 13 years through its Online Venture Exchange and Dealflow Magazine, and organizes Venture Capital and Angel Investor Conferences in 23 cities nationwide. Joe has also invested in 11 seed deals over the past 8 years, including Sticky, Inc. (acquired by Splashtop, Inc.), Senscient, appMobi, Giftworks (acquired by Frontstream Payments), CIMA Systems, was an investor and on the advisory board of Offermobi (acquired by Moko.mobi) and an advisor to Gozaik (acquired by Monster) and Augmate. Joe spends most of his time working with investors and helping early-stage entrepreneurs, and speaks at events such as the NYC Economic Development Corporation's Jumpstart and Fasttrac Programs, Early-Stage-East, and Connecticut's CTech, is a speaker at and sponsor of the UCLA Private Equity Club and Disruptive Technologists in NYC, and a Mentor to Angel Groups such as 37 Angels, Accel Foods and TopStone Angels. Joe is also a Founding Partner of ARC Angel Fund, a seed tech fund based in NYC which has invested in, among others: Upnext (acquired by Amazon), Medivo, Sidecar, Careerminds, iJukebox and Human Demand, a prior board member of the Crowdfund Intermediary Regulatory Advocates (CFIRA) and a founder of FP Angels, a national Angel Investor Group.

Prior to FundingPost, Joe was instrumental in helping to raise $2.5 Million in angel and venture capital for his dot.com start-up producing a family-friendly network and over 100 flash-based video games which were playable online and sold as a compilation in stores like Comp USA. Joe was also the Webmaster at Knight Securities (NASD: NITE), where he helped to design its online trading platform and website. Prior to working Online, Joe worked in television and graphic design for companies such as NBC and MTV, in addition to doing freelance commercial production. Joe began working in television production, graphic design and 3D animation professionally when he was 15, and graduated from Hofstra University with a B.A. in Communications. He now lives in Connecticut with his wife and 2 children.

Joe Rubin

News