• Ryan Freedman

    General Partner

    Investment Interest Areas

    PropTech, ConTech


    Ryan Freedman is an entrepreneur turned investor on a never-ending journey to bring efficiency and innovation to the real world. Prior to Alpaca, Ryan founded Corigin, a real estate investment firm with $600 million AUM. He led this firm with a lens towards innovation and has been at the forefront of analyzing and adopting real estate technology to enhance operations and investment decisions. To that end, Corigin was an early pioneer of the co-living concept, infusing experience and community into multi-family long before others thought to. In 2008, Ryan co-founded Coral Capital, a tech-enabled commercial finance operation that has provided over 1.5 billion in financing to small businesses. His obsession with technology and efficiency informed his natural progression from a real estate executive to a venture capitalist and PropTech investor.

    Board Seats

    Zeel, Prevu

  • Aubrie Pagano

    General Partner

    Investment Interest Areas

    Commerce Enablement, Supply Chain, Female Consumer


    Aubrie brings experience from both sides of the New York City startup ecosystem as both an operator and investor. Most recently, she built and sold her cult-favorite apparel and gifting brand, Bow & Drape. Aubrie drove the omni-channel brand to profitability by retailing online DTC and in over 350 Nordstrom, Bloomingdale’s, Macy’s and Hudson’s Bay stores. Toward the end of her Bow & Drape journey, she spent time leading investments out of XFactor Ventures, an early stage fund of female operators backing startups with at least one female founder. There, Aubrie led investments in companies like Maude, Shiru, Pod Foods, and Tiny Organics. Prior to the above, she started her career at Fidelity Investments in the company’s internal strategy group and was a Harvard ’08 graduate.

  • David Goldberg

    General Partner

    Investment Interest Areas

    Web3, Gaming, Marketplaces, Subscription Commerce, Sharing Economy


    After coming off his own entrepreneurial journey as Founder/CEO of FreshNeck, David joined Alpaca in 2014. He relies on empathy and personal experience to form deep bonds with founders and add value where it matters most. David enjoys partnering with startups on high-level strategy and building scalable ‘operating systems’ consisting of structured priorities and OKRs. Before getting the startup bug, David spent his early career in finance and law at the University of Miami and Fordham University. He spent three years as an Assistant District Attorney, representing the people of New York, and following that, spent three years across Merrill Lynch and Jefferies & Co.

    Board Seats

    The Inside, Renoviso, Minibar, Perch Interactive, Ocean Freight Exchange

  • Daniel Fetner

    General Partner

    Investment Interest Areas

    PropTech, ConTech, Marketplaces, FinTech


    Daniel’s interest in PropTech derives from his family roots in real estate. Between his immediate family, extended family, and in-laws, he’s seen the pain points and opportunities from many major stakeholder perspectives—builders, developers, brokers, landlords, owners, and investors. His thesis is that Real Estate is the largest asset class in the world, but the most antiquated industry. While funding in the space has picked up over the last few years, he believes we’re still in the very early innings. Daniel began his career at J.P. Morgan’s Private Bank where he built a book of business focused on Silicon Alley Entrepreneurs and Investors. Later, he tried his hand at entrepreneurship by co-founding two companies – one in Wealth Tech (Instrument Capital) and the other in Construction Tech (Soil Connect). He received his MBA from The Wharton School at the University of Pennsylvania.

    Board Seats

    Trade Hounds

  • Ray Updyke

    VP Operations & Finance


    Ray leads the operations, finance, and compliance functions for Alpaca. Prior to joining Alpaca, Ray was the CFO and CCO of Ampfield Management, an investment management firm. He previously worked at Jefferies Financial Group, a publicly traded company, where he worked on budgets, projections, and automation projects for the parent company. He began his career in hedge fund accounting & reporting with ALPS Alternative Investment Services in their Boston office. He graduated with high honors from the University of Maine with a BS in Business Administration with a major in Accounting and he also graduated from the University of Connecticut with a MS in Accounting. Ray is a Certified Public Accountant and a CFA® charterholder.

  • Alex Morley

    Senior Associate

    Investment Interest Areas

    FoodTech, AgTech


    Alex’s career began in investment banking where she built her analytical foundation and curiosity for understanding different industries and business models. Driven by the desire to work more closely with companies and management teams, Alex moved on to work with earlier stage businesses at CPG and Technology focused funds. This experience illustrated the importance of finding the right ‘fit’ between founders and investors. Alex is eager to continue learning about new concepts and businesses across a variety of industries. Reflective of the variety in the Canadian early-stage ecosystem, Alex is particularly interested in AgTech and FoodTech opportunities. Most importantly, Alex is excited to bring Alpaca’s ‘all grit, no BS’ approach and enthusiasm for founder support to the Canadian market. Alex received a Commerce (Finance) degree from Dalhousie University before beginning her career.

Our Expert Network

  • Farryn Weiner

    Founder/CEO, FarrynHeight

    Previous companies

    Sweetgreen, Michael Kors

  • Jeff Justice

    Sr. Exec Director, Customer Success, Box

    Previous companies

    WeWork, Dropbox

  • Marissa Peretz

    Founder, Silicon Beach Talent

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  • Adam Landsman

    Head of Enterprise, Clear

    Previous companies

    Transfix, Honest Buildings, Seamless

  • Mark Chou

    Founder & Managing Partner, Bradhurst Ventures

    Previous companies

    Away, Ralph Lauren, Blackstone

  • Ilana Brown

    Co-Founding Organizer, Frontline Foods

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    Stella Service

  • Matthew Zehner

    CEO of Zehner

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  • Ignacio Figueras

    Renown Athlete & Board Member

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    furboTV, Ralph Lauren

  • Imran Patel

    Head of BD, Quip

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  • Ashutosh Panchang

    Partner, The MBA Fund

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    Peloton, Blue Apron

  • Justin Washington

    Product Manager, Apple TV

    Previous companies

    Snap, Twitter, Apple

  • Emily Woods

    Head of New Ventures, Dr. Squatch

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    Walmart, Jet

  • Christina D'Avignon

    Senior Product Design Manager, Coinbase

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  • Jonathan Gass

    Investor, Possible Ventures

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  • Lisa Bobroff

    Communications, Influencer Marketing, and Social Media, Maesa

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    Modus Publicity, PZ Cussons

  • David Bowcott

    Global Director of Innovation, Aon

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  • Mike Schanbacher

    Sr. Director, Growth, Gannett | USA TODAY

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  • Lalit Kapoor

    Head of Product, withco

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    VTS, Techstars

  • Aaron Toppston

    Venture Fellow, Navitas Capital

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  • Zack Myers

    Healthcare Startup

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  • Sara Garson

    Managing Director, 25madison

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  • RJ Cilley

    COO, Saks Fifth Avenue

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  • Nick Herinckx

    Founder, Bluefield Coaching

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  • David Osborne

    Director Special Projects, Noom

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    Obama, Gates Foundation

  • Kristin Thayer

    Head of Partnerships, Watershed

    Previous companies

    Uber, FB, a16z

  • Samer Hamadeh

    CEO, Zeel

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  • Matthew Hertz

    Co-founder, Second Marathon

    Previous companies

    Birchbox, Shyp, Rent the Runway

  • John Liftin

    Senior Counsel, Fried Frank

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    D.E. Shaw

  • Alex Realmuto

    CEO, Rubix Agency

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  • Brian Davis

    Co-Founder, Parable

    Previous companies

    Civana, Blakely Ventures

  • Margaret Coblentz

    Investor, The Council

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    Frances Austen

  • Paul Verhesen

    Partner, Seer Developments

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    Clark Builders, Turner Construction