Richard Fraim serves as President & COO for Ellis Capital, a venture capital and merchant banking firm focused on early-stage investments in the media, internet technology, healthcare, and financial technology industries. Fraim joined Ellis Communications in 2011, and is responsible for all aspects of the investment process, including: deal sourcing, deal structuring, due diligence, investment monitoring, and operational support of portfolio companies.
At Ellis Capital, Fraim has made investments in more than twenty-five companies spanning a wide range of industries and stages. These investments have included exits such as Vitrue (acquired by Oracle in 2012), MOVL (acquired by Samsung Electronics in 2013), and Timeline Labs (acquired by SeaChange International in 2015).
Fraim currently serves on the Board of Directors for Mobile Search Security LLC and Softwear Automation Inc. He also serves as board observer to Mana Health Inc, NOWaccount Network Corporation, Smartvue Corporation, Social123, and Vivex Biologics.
Prior to joining Ellis Capital, Fraim worked at Private Advisors LLC, a $3.5 billion asset management firm located Richmond, VA that specializes in alternative investment strategies. At Private Advisors, Fraim was responsible for portfolio and risk analysis on a $2.5 billion portfolio of hedge fund investments, and also served on the firm’s hedge fund risk committee. Fraim was also involved in the management, monitoring, and due diligence of investments.
Fraim holds a MS Commerce degree with a concentration in finance from the McIntire School of Commerce, where he was a member of the Beta Gamma Sigma Honor Society, and a BA in Economics from the University of Virginia.