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ARC Angel Fund
ARC Angel Fund: Jonathan Williams' multi-family office deploying $500M–$1B into seed-stage enterprise software and health tech across the US Southeast.
ARC Angel Fund
ARC Angel Fund was founded in 2015 by Jonathan H. S. Williams and Bradford G. McElroy, combining family office capital with a venture-style investment thesis. The firm emerged from the partners' prior experience in private equity and real estate, transitioning into direct startup investing to capture early-stage returns (per public record). The firm concentrates on seed and Series A investments in enterprise software, fintech, and digital health, with additional exposure to climate tech and industrial tech. ARC Angel Fund typically writes $500K to $2M checks and participates in follow-on rounds up to $5M. The portfolio includes positions in companies such as Skuid (acquired by Nintex), Guardhat, and Bellhop. The geographic focus spans the US Southeast and Texas, with select deals in New York and California. ARC Angel Fund manages between $500M and $1B in assets, with a lean team of fewer than ten professionals across offices in Chattanooga, New York, and San Francisco. The fund maintains an affiliated philanthropic vehicle — the ARC Foundation — which receives carried interest distributions from the fund's investments. In May 2024, the firm disclosed a co-investment in a Series B round for Guardhat, an industrial safety IoT platform (per SEC filing, May 2024). The firm structures itself as a multi-family office that operates like a sector-agnostic early-stage venture firm, but with a slower cadence and longer hold periods than traditional VCs. This hybrid model allows ARC Angel Fund to act as a patient capital partner for founders, avoiding the pressure to return capital within a standard 10-year fund lifecycle.
General information
Firm type
Multi Family Office
Year founded
2015
AUM
$500M - $1B (Altss estimate)
Location
Region
North America
Country
United States
City
Chattanooga
Corporate office
Chattanooga, TN, United States
Additional offices
New York, NY, United States · San Francisco, CA, United States
Principals
Jonathan H. S. Williams
Managing Partner
Bradford G. McElroy
Partner
Sector focus
Frequently asked questions
Who runs ARC Angel Fund?
Managing Partner Jonathan H. S. Williams leads ARC Angel Fund, alongside Partner Bradford G. McElroy. Both previously built wealth through private equity and real estate holdings before launching the fund in 2015 (per public record).
Is ARC Angel Fund a single-family office or a multi-family office?
ARC Angel Fund operates as a multi-family office serving the Williams and McElroy families. It structures investments through a venture-style fund while retaining family office characteristics like direct deal-by-deal evaluation and longer hold periods.
What is ARC Angel Fund's typical check size and stage preference?
The fund writes checks between $500K and $2M in seed and Series A rounds, with follow-on participation up to $5M. It targets technology companies with proven traction and clear product-market fit (per public record).
Which sectors does ARC Angel Fund focus on?
ARC Angel Fund concentrates on enterprise software, fintech, and digital health, with additional exposure to climate tech and industrial IoT. Portfolio examples include Skuid (no-code app platform), Guardhat (industrial safety technology), and Bellhop (moving logistics platform).
Does ARC Angel Fund invest outside the US?
No — ARC Angel Fund focuses exclusively on US-based companies, with a pronounced emphasis on the Southeast region (Tennessee, Georgia, North Carolina) and Texas, plus occasional deals in New York and California.
How does ARC Angel Fund source its deal flow?
The firm sources deal flow through a network of angel investors, university accelerators (particularly from the University of Tennessee and Georgia Tech), and direct founder relationships in the Southeast tech ecosystem.
Does ARC Angel Fund maintain any philanthropic structures?
Yes — the ARC Foundation receives carried interest distributions from fund investments, effectively separating the family office's charitable giving from its investment operations. This structure aligns with the partners' stated public commitments to community development in Chattanooga.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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