VC  Innovation Capital Advisors

     Office Locations:

1601 Concord Pike, Suite 82-84
Wilmington, DE 19803
Phone: 302-777-1616
Fax: 302-777-1620



  • Early
  • Growth



  • Business Services
  • Financial Services
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Software & Internet



    Innovation Capital Advisors, LLC is an early-stage venture capital management firm managing funds that invest in rapidly growing businesses in the Mid-Atlantic states. The firm focuses its investment activities in chemicals and materials; electronic materials and devices; information technology; nanotechnology; software; biotechnology (excluding human therapeutics); and business information services related to the legal, financial services and manufacturing industries. The Managing Principal of Innovation Capital Advisors is also the founder of FashInvest, ARC Angel Fund, and Early Stage East. The firm manages Innovation Ventures, L.P., an SBIC venture capital fund focused on growth and early-stage investments in enterprises located primarily on the East Coast, with a particular emphasis on the Mid-Atlantic region-Pennsylvania, Delaware and New Jersey. Typically, investments range from $500,000 to $1.5 million. The firm also manages the Delaware Innovation Fund (see profile).

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    David J. Freschman Managing Principal
    Mike J. Kelley Venture Partner
    Patrick J. Foley Principal
    Pedro Moore Operations Manager


    Portfolio companies include:

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      Careerminds Group
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      Inspired Technologies
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      Maverick Network Solutions
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      Maxion Technologies
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      Nanocomp Technologies
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      Probity Medical Transcription
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      Weather Trends International
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