Richard Carrion

Chairman and CEO

3 past transactions

University of Puerto Rico

Grant in 2025
The University of Puerto Rico (UPR) is a prominent public university system in Puerto Rico, comprising multiple campuses, including its School of Medicine and the Mayaguez campus, which is recognized as a land-grant institution. UPR offers a diverse range of undergraduate programs across various fields, including business administration, arts and sciences, agricultural science, engineering, nursing, elementary education, and veterinary technology. Committed to academic excellence, UPR provides comprehensive support services such as academic advising, counseling, and tutoring to assist students in their educational journeys. Admission to UPR requires applicants to have graduated from high school and to submit standardized test scores, alongside an application fee. The university also offers numerous financial aid resources, including grants, loans, scholarships, and work-study opportunities, to help students manage tuition costs and access higher education.

EcoLectro

Series A in 2024
EcoLectro is a manufacturer focused on advancing the production of clean green hydrogen energy through innovative technologies. The company specializes in the development of novel polymers and alkaline exchange materials designed for the energy sector, which aim to make hydrogen an environmentally friendly and economically viable energy source. EcoLectro’s electrolyzers incorporate patented polymers into durable, high-performance stacks, allowing for high production rates of pure hydrogen without reliance on costly materials such as platinum, iridium, or titanium. The company emphasizes research and development, continually striving to enhance electrolysis technology while ensuring that its products reduce capital costs and extend the lifespan of hydrogen technologies. By offering efficient solutions, EcoLectro aims to make green hydrogen accessible and to challenge conventional energy assumptions.

Synctera

Series A in 2024
Synctera Inc. is a digital banking solutions provider based in San Carlos, California, and was incorporated in 2020. The company specializes in offering technology infrastructure, sponsor bank connections, and a compliance framework to facilitate the launch of FinTech and embedded banking products for businesses of all sizes. Synctera’s platform employs a unified set of APIs, allowing companies to efficiently introduce and expand various financial products such as debit cards, bank accounts, charge cards, lines of credit, and money movement services. By examining the specific needs of traditional banks and connecting them with appropriate FinTech firms, Synctera manages relationships and regulatory compliance, enabling regional and community banks to transition to digital operations effectively.
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