# Angel Round Capital Fund: portfolio, investments and team

> Angel Round Capital Fund is a vc firm based in United States. 21 investments on record, latest Nov 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/angel-round-capital-fund (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Angel Round Capital Fund

Last cheque observed Nov 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $1.6M, Feb 2015 VC firm

Seed Series A Software IT Internet

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 21 on record

Since the last cheque **3998** days **00** hrs **00** min **00** sec

Median round **$1.2M** Cheque size, as they say **$50K – $250K** Rounds led **0 of 21** Sole investor **3 rounds** Exits **7 from the portfolio** Mostly in **United States, 100%**

Pitch Angel Round Capital Fund

## Angel Round Capital Fund highlights

- 01 21 rounds on record
- 02 Mostly Series A and Seed: 81% of its rounds
- 03 Sole investor in 3 rounds, median $1.0M
- 04 7 exits from the portfolio

## What they do

> ARC Angel Fund is investing out of its Third Fund in seed- and early-stage companies with high growth potential. From their own website

- **Type:** VC firm
- **Cheque size:** $50K – $250K as they say
- **Stages:** Seed Series A
- **Sectors:** Software IT Internet
- **Based in:** New York, United States
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **21 appearances**

- **2015** 2 rounds
- **Nov** **[Sidecar](https://millionrounds.com/company/sidecar)** Series B · US **$8.0M** With 12 others
- **Jun** **[Partpic](https://millionrounds.com/company/partpic)** Seed · US **$1.5M** With 4 others
- **2014** 4 rounds
- **Sept** **[MoviePass](https://millionrounds.com/company/moviepass)** Series A · US **$2.2M** With 14 others
- **Jul** **[BeneStream](https://millionrounds.com/company/benestream)** Seed · US **$1.6M** With 9 others
- **Feb** **[Kanvas Labs](https://millionrounds.com/company/kanvas-labs)** Seed · US **$1.0M** With 7 others
- **Jan** **[Bow & Drape](https://millionrounds.com/company/bow-and-drape)** Seed · US **$1.2M** With 4 others
- **2013** 2 rounds
- **Oct** **[BeautyBooked](https://millionrounds.com/company/beautybooked)** Seed · US **$530K** With 3 others
- **Mar** **[Human Demand](https://millionrounds.com/company/human-demand)** Series A · US · techcrunch.com **$900K** With 3 others
- **2012** 3 rounds
- **Dec** **[Sidecar](https://millionrounds.com/company/sidecar)** Series A · US **$1.5M** With 5 others
- **Oct** **[Roboinvest](https://millionrounds.com/company/roboinvest)** Seed · US · finsmes.com **$125K** With 2 others
- **Aug** **[Yieldmo](https://millionrounds.com/company/yieldmo)** Series A · US **$4.1M** With 2 others
- **2011** 10 rounds
- **Nov** **[Medivo](https://millionrounds.com/company/medivo)** Series A · US · finsmes.com **$7.0M** With 2 others
- **Nov** **[Sidecar](https://millionrounds.com/company/sidecar)** Series A · US **$2.5M** With 5 others
- **Aug** **[imbookin (Pogby)](https://millionrounds.com/company/imbookin-pogby)** Series A · US **Undisclosed** Sole investor
- **Aug** **[NuLabel Technologies](https://millionrounds.com/company/nulabel-technologies)** Venture · US · masshightech.com **$1.0M** Sole investor
- **Aug** **[NuLabel](https://millionrounds.com/company/nulabel)** Series A · US **$1.0M** With 1 other
- **Jun** **[Altruik](https://millionrounds.com/company/altruik)** Series B · US · finsmes.com **$3.0M** With 8 others
- **May** **[Careerminds Group](https://millionrounds.com/company/careerminds-group)** Venture · US · finsmes.com **$1.3M** With 4 others
- **Mar** **[UpNext](https://millionrounds.com/company/upnext)** Seed · US · techcrunch.com **$500K** With 4 others
- **Mar** **[UpNext](https://millionrounds.com/company/upnext)** Series A · US **$557K** With 6 others
- **Feb** **[Offermobi](https://millionrounds.com/company/offermobi)** Seed · US · techcrunch.com **$1.0M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

DF **David Freschman** Executive Director. Manager of Innovation Capital Asset Management, LLC, as Manager of ARC Fund II GP, LLC, as General Partner of Angel Round Capital Fund II, L.P. i Filing they signed

ER **Edward Reitler** Manager of Innovation Capital Asset Management, LLC, as Manager of ARC Fund GP, LLC, as General Partner of Angel Round Capital Fund, L.P. i Filing they signed

JR **Joe Rubin** Manager of Innovation Capital Asset Management, LLC, as Manager of ARC Fund GP, LLC, as General Partner of Angel Round Capital Fund, L.P. i Filing they signed

JR **Joseph Rubin** Manager of Innovation Capital Asset Management, LLC, as Manager of ARC Fund II GP, LLC, as General Partner of Angel Round Capital Fund II, L.P. i Filing they signed

MK **Michael Kelley** Manager of Innovation Capital Asset Management, LLC, as Manager of ARC Fund II GP, LLC, as General Partner of Angel Round Capital Fund II, L.P. i Filing they signed

We also hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What they claim to have backed

From their own portfolio page (on their website)

**14** of 26 we have independently watched raise

[Akash Systems](https://millionrounds.com/company/akash-systems)[Alkemi](https://millionrounds.com/company/alkemi)[Cabinet](https://millionrounds.com/company/cabinet)[Iris Automation Otonomi](https://millionrounds.com/company/iris-automation)[Mojo](https://millionrounds.com/company/mojo-vision)[Otonomi](https://millionrounds.com/company/otonomi)[Radius8](https://millionrounds.com/company/radius8)[SkyWatch](https://millionrounds.com/company/skywatch)[StatSocial](https://millionrounds.com/company/statsocial)[cuebiq](https://millionrounds.com/company/cuebiq)[ocrolus](https://millionrounds.com/company/ocrolus)[sidecar](https://millionrounds.com/company/sidecar)[uptown network](https://millionrounds.com/company/uptown-network)[yieldmo](https://millionrounds.com/company/yieldmo) CirrusData First Due Made In Space Marketresearchtelecast Ollie Seekwhatmatters Sustain Natural Treez Via Coinspeaker, August 5, careerminds lynq prognos

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **7 in all**

**[Partpic](https://millionrounds.com/company/partpic)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **Undisclosed** Nov 2016

**[Kanvas Labs](https://millionrounds.com/company/kanvas-labs)** Bought by [AOL](https://millionrounds.com/fund/aol) **Undisclosed** Aug 2015

**[Human Demand](https://millionrounds.com/company/human-demand)** Bought by IgnitionOne **Undisclosed** Aug 2014

**[Altruik](https://millionrounds.com/company/altruik)** Bought by SearchDex **Undisclosed** Feb 2014

**[Roboinvest](https://millionrounds.com/company/roboinvest)** Bought by Pennaluna & Company **Undisclosed** Jan 2013

**[Offermobi](https://millionrounds.com/company/offermobi)** Bought by Moko Social Media **Undisclosed** Aug 2012

**[UpNext](https://millionrounds.com/company/upnext)** Bought by [Amazon](https://millionrounds.com/fund/amazon) **Undisclosed** Jul 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$1.6M**

raised in Feb 2015

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$1.2M** the round, not its cheque Alone, median **$1.0M**

Led 0 of 21 rounds **0%**

- **Said size:** $50K – $250K
- **Sole investor:** 3 rounds
- **Last cheque:** Nov 2015
- **Exits:** 7 from the portfolio

Rounds by stage said on their site

- Series A said *9*
- Seed said *8*
- Series B *2*
- Venture *2*

Cheques by year Led Joined

2011 2015

Often in the room with

- [Innovation Ventures](https://millionrounds.com/fund/innovation-ventures) 3
- [Michael G. Rubin](https://millionrounds.com/fund/michael-g-rubin) 3
- [Nextstage Capital](https://millionrounds.com/fund/nextstage-capital) 3
- [David Cohen](https://millionrounds.com/fund/david-cohen) 2
- [David Tisch](https://millionrounds.com/fund/david-tisch) 2
- [Gabriel Investments](https://millionrounds.com/fund/gabriel-investments) 2

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## Who they invest alongside

The investors most often in the same rounds as Angel Round Capital Fund. A count of rooms they were both in, not a relationship either has claimed.

[**Innovation Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/innovation-ventures)[**Michael G. Rubin** Investment firm **3** rounds together](https://millionrounds.com/fund/michael-g-rubin)[**Nextstage Capital** VC firm **3** rounds together](https://millionrounds.com/fund/nextstage-capital)[**David Cohen** Angel **2** rounds together](https://millionrounds.com/fund/david-cohen)[**David Tisch** VC firm **2** rounds together](https://millionrounds.com/fund/david-tisch)[**Gabriel Investments** VC firm **2** rounds together](https://millionrounds.com/fund/gabriel-investments)[**Lowercase Capital** VC firm **2** rounds together](https://millionrounds.com/fund/lowercase-capital)[**New York Angels** Angel network **2** rounds together](https://millionrounds.com/fund/new-york-angels)[**PKS Capital** VC firm **2** rounds together](https://millionrounds.com/fund/pks-capital)[**Robin Hood Ventures** Angel network **2** rounds together](https://millionrounds.com/fund/robin-hood-ventures)

## Quick answers about Angel Round Capital Fund

### What does Angel Round Capital Fund invest in?

Angel Round Capital Fund invests most often at Series A and Seed (81% of the rounds on record), in sectors such as Software, IT and Internet.

### How active is Angel Round Capital Fund?

21 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2015.

### How big are Angel Round Capital Fund's cheques?

The median round it joins is $1.2M. It says it writes cheques of $50K to $250K.

### Does Angel Round Capital Fund lead rounds?

Rarely, if at all: none of its 21 investments on record names it as the lead.

### Where does Angel Round Capital Fund invest?

Most of the companies it backs are in the United States (100%).

### Is Angel Round Capital Fund investing now?

No investments in the last 12 months; the latest was in Nov 2015.

### Who does Angel Round Capital Fund invest alongside?

Most often Innovation Ventures (3 rounds together), Michael G. Rubin (3 rounds together) and Nextstage Capital (3 rounds together).

### What kind of investor is Angel Round Capital Fund?

Angel Round Capital Fund is a VC firm based in New York, United States.

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