SkyWatch raises $17.2M for its Earth observation data platform TechCrunch, June 15, 2021
ARC Angel Fund is investing out of its Third Fund in seed- and early-stage companies with high growth potential. ARC Angel Fund invests in industries with which its members have experience, with investments averaging $50,000 to $250,000, each, over the life of the investment.
ARC Angel Fund is a member-led Angel Fund. An Angel Fund is, in essence, a hybrid model between an Angel Group and a Venture Fund. The members of ARC Angel Fund range from experienced Angel Investors and Partners in VC Funds, to executives of successful companies.
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.
Software, IT, Internet, Tech-Enabled Services, Business Services, Digital Media, Mobile, Healthcare IT, and others
The Fund has a primary focus towards NYC and the surrounding Northeast and Mid-Atlantic area companies.
We invest in early-stage companies with a product and some revenue and valuations under $5M.
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 Fund.
Investment opportunities are brought to the ARC Fund 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.
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.
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.
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 Fund apprised of a portfolio company’s material developments, including management changes, subsequent rounds of venture investments and the company's business milestones.
A fun way to express yourself! Kanvas is a fast, easy way for anyone to be creative. Simply add text, stickers, painting and sound to a background to make a kanvas. Share on tumblr, twitter and facebook.
(Acquired by AOL)
As opposed to simply providing an iPad Wine List, Uptown Network connects SMART Menu Services to create a network effect. Our current customers are averaging more than a 30% increase in wine sales
A Mobile DSP & DMP focused on working with App Developers and Mobile Brands and Agencies. Human Demand features a self serve platform that is fully transparent and focuses on hyperlocal and audience campaigns at scale.
(Acquired by Ignition One)
Discover the people behind the counts. We have identified over 600 million social profiles and their characteristics, as defined by over 30,000 demographic and lifestyle variables. Know, segment, and target your social audience as never before.
Offermobi is the first performance marketing network for mobile advertising in the US. The Round was led by ARC Angel Fund, with additional investment from several of its limited partners.
(Acquired by MOKO.mobi)
Prognos applies artificial intelligence to diagnostic data to forecast disease risk. Co-Investors include Cigna, Guardian Life Insurance Co. of America, Hermed, Hikma Pharmaceuticals, Maywic, Merck Global Health Innovation Fund, Safeguard Scientific.
Careerminds provides strategic solutions to organizations seeking affordable, Web-based outplacement services.
The Round was led by Innovation Venture Partners & Gabriel Venture Partners.
(Acquired by Talent, Inc.)
UpNext is the new and exciting way to explore and discover your city. Rather than sifting through pages and links of data, UpNext enables you glide around your city, virtually. The Round was led by Lowercase Capital.
(Acquired by Amazon)
Sidecar is a fully automated online marketing platform that efficiently acquires, converts and retains customers for online retailers. Other Funds include Innovation Venture Partners & Osage Venture Partners.
(Acquired by Quartile)
YieldMo is a mobile advertising startup based in New York City. We are a small and dedicated team of engineers and entrepreneurs who value constant improvement, working with smart people, and solving difficult problems.
An innovative solution for high-speed, low-impact, transparent migration of LUNs from any legacy SAN to any new Fibre Channel, iSCSI, or Cloud storage. Deploy with ZERO downtime, then cut over to new storage in just a few minutes.
Take the headache out of searching for replacement parts with Partpic - simplifies the search and purchase of replacement parts using visual recognition technology.
(Acquired by Amazon)
Radius8 is the intelligent, onlineto-offline, cloud native platform enabling retailers to activate the contents of their brick & mortar store for effortless online discovery by consumers who are both online and close to your store.
(Acquired by Fiserv)
Treez is an enterprise quality retail management software serving the leading dispensaries in the United States. Our software solution is designed with intent to reduce unnecessary labor, manual errors, and address your growing pains.
A next gen location intelligence company that allows businesses to glean actionable insights about real-world consumer behaviors and trends. Cuebiq provides geo-behavioral insights and offline location analytics.
The wearable that tracks the location of your group. The weatherproof device, which is not dependent on Wifi, Bluetooth, cell service, or maps, makes sure that everyone is accounted for, whether you are in a state park or in a remote area.
We adore dogs and believe that feeding them well is the best way to show our love. So we created Ollie: fresh meals made from real ingredients.
SkyWatch is enabling a new era in Earth Observation by providing easy access to a growing ecosystem of satellite sources in a simple and intuitive manner.
First Due Size Up
Protecting the lives of firefighters by providing critical scene data.
(Acquired by Serent Capital)
From tampons, to condoms, to lubricants, most products contain harmful ingredients that can harm your body rather than help it. At Sustain, we’re committed to always putting your health first.
(Acquired by Grove Collaborative)
At Ocrolus, we believe that companies work best when professionals focus on cerebral work, and machines take care of the rest. Ocrolus empowers customers to increase efficiency, scale freely, and concentrate on their core business.
Akash is focused on developing and supplying the next generation of extreme bandwidth, hyper-efficient communications gear for space satellites, accelerating universal and low-cost access to the internet with a breakthrough new composite material, gallium nitride (GaN)-on-Diamond
Alkemi rewires traditional finance by leveraging the inherent advantages of decentralized ledger technology. We remove all middlemen, exchange fees and eliminate market inefficiencies. As a result, Alkemi maximizes profit and captures a multi billion dollar opportunity without taking custody.
Made In Space
Made In Space's Additive Manufacturing Facility (AMF) is the first permanent commercial manufacturing platform to operate in low Earth orbit. AMF is our flagship technology onboard the ISS
(Acquired by Redwire)
Mojo’s view of the world seamlessly fuses digital information onto the world around us. Using microelectronics and a tiny display to share critical information, Mojo Lens empowers each user to be their best self in any situation.
Seek AI is an AI data assistant that provides information technology and services. Ask your data anything and get answers, instantly.
Medicine essentials made for you—and the planet. Eliminate excessive plastic from your cabinet with a refillable system.
Otonomi is an insurance technology company that provides parametric cargo insurance and a claims management platform, using blockchain and AI to fully automate the underwriting and claims process.
Joseph R. Saviano
Kumar S. Sripadam
Evaluation Committee Chairman
Sourcing Committee Chairman
Steve Adler : Financial Summit Ventures
Manish Aggarwal : Gold Ridge Asset Management
Jonathan Anapol : Prime Manhattan Realty
David Atadan : Angel Investor
Martin Babinec : UVC / StartFast Accelerator
Kevin Balfe : Mercury Radio Arts, Inc
Marshall Bartlett : Reitler Kailas & Rosenblatt LLC
Michael Beller : Lightship Partners
Sandeep Bhanote : Angel Investor
Kabir Bhasin, MD : Cardiologist
Satjit Bhusri, MD : Cardiologist
Matthew Blesso : Blesso Properties
Steve Brotman : Angel Investor
Jon Carter : Angel Investor
Bernie Chen : Underhill Capital Advisors
Charles Chesler : Old Rock Ventures, LLC
Sridhar Chityala : Vedas Group
Shreyas Chityala : Vedas Group
Brian Colton : Angel Investor
Dan Coates : Cordelay Holdings
Brian Corrigan : Angel Investor
Nigel Dawn : Evercore
Dave Delaney : Lancer Insurance
Robert Delman : Golden Seeds
Mike Della Penna : Angel Investor
Michael Derikrava : Wild World Investments
Chris Dougherty : Lancer Insurance
Elijah Duckworth-Schachter : Point One Percent
David Dussault : Angel Investor
Harry Ehrlich : Angel Investor
Richard Ellenson : Angel Investor
Jonah Engler : Angel Investor
Adam Epstein : Credit Suisse
Donald Ershow : Angel Investor
Brad Feld : Foundry Group
John Ferretti : Foxfire Printing & Packaging, Inc.
Jeff Finkle : Odeon Capital
Ruth Fisher : Pereg Holdings
Patrick Foley, Ph.D : Innovation Capital Advisors
Edward EF. Foy : eFashionSolutions
Don Franceschini : Angel Investor
David Freschman : Innovation Capital Advisors, LLC
Robin Freschman : FashInvest
John Gans : Angel Investor
Frank Garland : Angel Investor
Greg Gateley : Angel Investor
Eric Gelb : Angel Investor
Marc Glazer : Business Financial Services, Inc.
Brian Gold : Angel Investor
Edwin Goodman : Milestone Venture Partners
Tarang Gosalia : Optimark Graphics
Ken Gross : Angel Investor
Jeff Guberman : Fourth Wall Events
Bill Harding : Financial Summit Ventures
Michael Herzberg : Roseworth Capital
David Hill : Angel Investor
Brian Hirsch : Tribeca Venture Partners
Ken Huynh : Angel Investor
Nick Jekogian : Signature Community
Leo G. Kailas : Reitler Kailas & Rosenblatt LLC
Merle Duskin Kailas : MK Productions Inc.
Lawrence Kaplan : 24th Letter
Jackie Karceski : Dearborn Investments, LLC
Michael Kelley : Merion Investment Partners
Chris Kelly : Piece of Mind Corp
Michael Knox : Gold Ridge Asset Management
Sergei Kovalenko : iTechArt Group
Peter Kranes : Bowery Partners
Rick Kushel : Angel Investor
Frederick Light : Foxfire Printing & Packaging, Inc.
Ross Lipson : Angel Investor
Winston Lowe : ShepardLowe LLC
Stephen Madsen : Angel Investor
Bernard Mantha : Angel Investor
Alan McGlade : DEV
Kevin McGovern : McGovern Capital
Eileen McNamara-Raisch : Angel Investor
Theresa Minson: Angel Investor
Arsen Mrakovcic : Larchmont Capital
David Neveloff : Angel Investor
Jim Nichols : Shorefront Capital Partners LLC
Tom Nicholson : Nicholson | NY LLC
Gordon Ogden, CRE : Byrnam Wood, LLC
Thomas P. Ogden : Davis Polk & Wardwell LLP
Ernie Osle: UBS Financial Services
Stephen Pelletier : SPELLNET
Luis Perez : Parenting Bridge
Scott Peters : JEGI
Bre Pettis : Makerbot
Kevin M. Pianko : BDO
Jeremy Raccio : Angel Investor
Edward Reitler : Reitler Kailas & Rosenblatt LLC
Peter Rothberg : Reitler Kailas & Rosenblatt LLC
Joe Rubin : FundingPost
Shioulin Sam : Angel Investor
Robert Saunders : Angel Investor
George Saterson : Angel Investor
Joseph Saviano : Baker Capital
Bharat Sawhney : Angel Investor
Harris Schwartz : Angel Investor
Howie Schwartz : Angel Investor
Lokesh Seth : Angel Investor
Richard Sheldon : Angel Investor
Jim Shepard : ShepardLowe LLC
Jeff Silverman : Laconia Capital
Lee Silverstein : Angel Investor
Steve Sinek : Dearborn Investments, LLC
Vamsi Sistla : Angel Investor
Brett Smith : Propeller Investments LLC
Leeana A. Smith-Ryland : CS Wilton Group LLC
Raymond Sobieski : R2 LLC
Kumar S. Sripadam : Angel Investor
Christine Tate : Angel Investor
Tracy Tomasso : Cordelay Holdings
Konstantin Tsybulko : iTechArt Group
Thomas Volker : Angel Investor
Neel Vora : Optimark Graphics
John Watkins : Reitler Kailas & Rosenblatt LLC
Peter Weiss : Angel Investor
Jamie Weston : Angel Investor
Sandy Wollman : Westchester Angels
Michael Yang : Angel Investor
Joseph M. Zawadzki : MediaMath LLC
Adam Zurofsky : Angel Investor
As Senior Partner at Reitler Kailas & Rosenblatt LLP, one of the most active venture law firms in the world, Ed is one of the leading venture attorneys in the country and has represented dozens of venture funds and hundreds of venture backed companies. Notable venture funds include Greycroft, Las Olas, Armory Square, Tishman Speyer Proptech, Spark Capital, FTV Capital, Safeguard Scientific, Edison Partners, Starvest, First Round Capital, Milestone Ventures, Tribeca Venture Partners, New Spring Capital, New Atlantic Ventures, Osage Venture Partners, Paladin Capital, SJF Ventures, ff Venture Capital, Krillion Ventures, Vocap Ventures, Gather Ventures, Chartline Ventures, Blue Cloud Ventures, Health Catalyst Capital, Contour Ventures and IA Ventures. Notable portfolio company clients include Ollie, Leaf Logistics, Rhino, BFS Capital, Warby Parker, MediaMath, 7 Park Data, Triple Lift, Magnetic Media, BillTrust, LifeStreet, Service Channel, Spongecell, Yieldbot, Kemp Technologies, MSL Direct and Aspire Financial.
In addition to co-founding ARC I and ARC II, Ed is also a co-founder of the Female Founders Fund, L.P., a seed fund investing in women led businesses and Reitler Opportunity Capital, L.P., a micro-venture fund that invests in strategic opportunities. Ed is also an investor in several venture funds including Tribeca Venture Partners, SJF Ventures, Las Olas Ventures and StartFast Fund II. He is a frequent speaker and panelist on issues affecting the private equity and venture capital markets and has guest lectured at Harvard University and Columbia University.
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 LLP in 1998 as a member.
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.
Joyce is a Director in the Reitler Advisory Group, which provides financial and business consulting services to early stage companies and emerging venture funds. She has over 20+ years of experience in the financial services industry – primarily in international investment banking and venture capital. She began her career at Bankers Trust Company in the Dutch Auction Securities Group. She then went on to head the Mergers & Acquisition practice of Price Waterhouse Corporate Finance where she was responsible for all M&A and finance raising activities for Russia and Central and Eastern European regions. Upon returning to the U.S., she was Senior Vice President of Orbit Capital, a venture capital fund based in New York. Joyce has held a number of senior management positions in venture-backed companies and has served on several boards of directors. Joyce has been a member of ARC I and II where she was actively involved in sourcing, evaluating and diligencing many investment opportunities. She is a co-founder of Reitler Opportunity Capital, L.P., a micro-venture fund that invests in strategic opportunities.
She holds a Masters Degree in International Business Studies from New York University and a Bachelors Degree in Finance from New York University.
Thierry is a member of the Board of Directors of TalonX, a cybersecurity start-up, and Liquidaty, a software provider of factoring solutions for financial institutions. Thierry is also a member of the Investment Committee of the Reitler Opportunity Capital Fund, LP, a micro-venture fund which invests in start-up opportunities. Prior to that, Thierry was a member of the founding team, a Managing Director and a member of the Investment Committee of Lightyear Capital, a private equity investment firm with over $3.5 billion in invested capital. He served as a director of the Piedmont Community Bank and the Yadkin Bank, state chartered banks based in North Carolina; and served on the board of directors of eCommission, a fintech company in residential real estate, Argus Software, a publicly listed company that provided software solutions to the commercial real estate market, and Athilon Group, an asset based financial guarantor with over $700 million in capital.
Formerly, Thierry was a Vice President and member of the efinance venture fund team at PaineWebber, Inc., and a Vice President at Goldman Sachs in the Fixed Income Division. Thierry started his career at American Express Company where he was Assistant to the President of its European Travel and Credit Card Groups. Thierry graduated with an MBA in Corporate Finance from the Wharton School and with a BA in Economics magna cum laude from Harvard College. Thierry joined the Reitler Advisory Group in 2020.
Joe Rubin has been organizing VC & Angel Investor Conferences across the US for over 20 years. Joe has also invested in over a dozen seed deals over the past several years, such as Sticky, Inc. (acq Splashtop), Senscient (acq MSA Safety Inc), Giftworks (acq Frontstream Payments), was an investor and on the advisory board of Offermobi (acq Moko.mobi), Human Demand (acq IgnitionOne) and an advisor to Gozaik (acq Monster) and currently on the Board of RxBra.
Joe is also a Founding Partner of ARC I and ARC II, seed tech funds based in NYC with over 40 investments such as Upnext (acq Amazon), Prognos, mojo vision, Partpic (acq Amazon), Sidecar, Kanvas (acq AOL), YieldMo, Cuebiq, Sustain (acq Grove), Lynq, Skywatch, Ocrolus, Made In Space (acq Redwire) and Akash Systems.
Early in his career, Joe raised $2.5M for his dot.com start-up producing a family-friendly network & 100+ flash-based video games which were playable online and sold 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. Previously, Joe worked in television and graphic design for companies such as NBC and MTV, doing 3D animation professionally starting at 15, and graduated from Hofstra University with a Bachelor's in Communications.