Home » Finance Articles » ARC Angel Fund: One year old, 50 Investors, 7 Investments
ARC Angel Fund: One year old, 50 Investors, 7 Investments
NYC's first member-led Angel Fund is One year old and very active on the Investing scene.
NEW YORK, NY, August 09, 2011 /Finance PR News/ -- ARC Angel Fund (www.ARCangelfund.com), NYC's first Member-led Angel Fund, has had a great first year. It has evolved from an idea to a driving force in the venture community. ARC has grown its Investor base to a 50-Member roster, which boasts of a diverse group of individuals ranging from experienced venture fund managers to successful entrepreneurs, all lending their experience and expertise to the group. The full list of Investor Members can be found on the website.
ARC has screened over 300 deals this past year ranging from mobile to software to healthcare technology and advertising. The Fund's monthly meetings have allowed its members to meet some exciting entrepreneurs and discuss the investment opportunity - then the members can vote to take the company into due diligence. Once the Due Diligence Committee reports back to the entire fund, the members vote on whether or not to invest in the company. ARC has invested in 7 deals in its first year, and has a few more currently in due diligence. ARC's portfolio can be found on the website - with additional deals to be announced over the next few weeks.
The four founding members of ARC Angel Fund, David Freschman, Michael Kelley, Ed Reitler, and Joe Rubin, are excited about the fund's growth. "We couldn't be happier with the progress the ARC Fund has made,," said Michael Kelley, Founding Member. "We are reviewing quality deals every month, we have an amazing group of Investors, and we are happy to be a part of the entrepreneurial ecosystem."
Unlike typical angel groups, ARC invests as a Fund with its own capital. In addition, its investor members can and do invest alongside the fund. ARC anticipates investing in several more deals by the end of the year.
More information can be found on the ARC Angel Fund Website www.arcangelfund.com or on our twitter page at www.twitter.com/arcangelfund
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Press Release Contact Information:
Joseph Rubin
ARC Angel Fund
Co-Founder
885 3rd Avenue, 20th FL
New York, New York
USA 10022
Voice: 123
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