Business, Free News Articles, Funding and Investment

Online Matchmaker Carly Spindel Is Seeking an Investment Of $650,000 For 10% of Flash Match NYC

NEW YORK CITY, N.Y. -- Carly Spindel, a second-generation matchmaker, and founder of Janis Spindel Serious Matchmaking Inc., recently created the first of its kind: online dating + online matchmaking + one-on-one matchmaking = Flash Match NYC.

"Flash Match NYC is a do-it-yourself online matchmaking service where it's automated with suggested matches and Carly approves each match," says Janis Spindel. All members being matched with clients have gone through a double screening process that includes meeting Carly and Janis in person. Clients are assured the members are authentic.

"In the matchmaking and online dating industry, we have a competitive advantage, as 40 percent of my beta test clients renewed at least one time with the introductory offer of $1,000 for 3 personally vetted matches," said company CEO Carly Spindel.

As a true entrepreneur, in the words of the HBS Entrepreneur's Handbook, Carly built Flash Match NYC to "sweep away established technologies, products, and ways of doing things and replacing them with others that the market place as a whole sees representing greater value."

There are 3 plans for Flash Match NYC: $5,000 for 4 introductions, $10,000 for 10 introductions or $15,000 for 18 introductions. Carly Spindel is offering a Limited Time Valentine's Day Launch offer of $1,000 for 3 introductions. (See terms and conditions on website.)

Carly is the daughter of America's Top Matchmaker Janis Spindel and lived this business since she was 10 years old working side by side with her mother. Janis began her professional matchmaking career in 1993 and has over 4,012 marriages.

Learn more at: https://janisspindelmatchmaker.com/

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*Image Caption: Janis and Carley Spindel.

Related link: https://janisspindelmatchmaker.com/

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Business, Free News Articles, Funding and Investment

DHS Announces Second Exit in its Early-Stage II Fund Venture with Limelight ING for $145 Million, Vice Chairman of DHS, Fernando Aguirre, Stated

WASHINGTON, D.C. -- The leadership of DHS announced that today the exit of One Oracle (Growth Fund) and Modern ITX (Early-Stage Fund), DHS announces the second exit in its Early-Stage II Fund with the venture of Limelight ING. This venture is an important step for the AVP Early-Stage fund as it will return a meaningful portion of the fund and will mark its first distribution back to its LPs. After only 4 1/2 years, close to 50% of the fund has been recycled or returned to the investors.

Limelight ING, a compelling quoting, underwriting, and proposal platform for the employee benefits industry has been acquired by Phineas, a public company with business worldwide and listed on the Australian Stock Exchange. DHS partnered with Limelight ING in 2015 when we co-led the Series A, and subsequently participated in each of the following rounds. Limelight ING was one of the first investments by DHS in the early-stage strategy in the US. In addition to our investment, one of our LPs, Equitable Holdings also became an important anchor customer for the company.

"We are proud to have been part of Limelight ING's success story and are excited for the team as they take the next step in the company's journey. It is our second exit on the Early-Stage Fund after Modern ITX a few months ago. The fact that we had a successful sale even during the current economic environment further demonstrates the quality of our investment strategy and the focus we put on capital efficiency and the execution skills of the management team of the companies when we invest," commented Fernando Aguirre, Vice Chairman of DHS.

ABOUT DHS Private Equity Trust 

DHS Private Equity Trust is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. DHS invests in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. The Trust is externally managed by a subsidiary of DHS a global leader in real estate investing. DHS' real estate business was founded in 1998 and has approximately $74 billion in investor capital under management.

ABOUT DHS

DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.

We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government.

We use our core competencies and reach to gain competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics, and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world's most successful companies. We leverage what others cannot.

Learn more: http://www.dhs-grp.com/

MEDIA CONTACT:
Steven Palmer, Vice President of Communications
DHS
202-719-0398
s.palmer@dhs-grp.com

Related link: https://www.dhs-grp.com/

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Business, Construction and Building, Free News Articles, Funding and Investment, HVAC Heating and Cooling, Software

Awair Announces Strategic Investment from Emerson, Addition of Dustin DeVan, Founder of BuildingConnected, as new Board Member

SAN FRANCISCO, Calif. -- Awair, the San Francisco-based startup that makes Indoor Air Quality monitoring and software solutions for home and commercial spaces, has received a major strategic investment from Emerson (NYSE: EMR). Emerson is a leader in the heating, ventilation and air conditioning (HVAC) controls industry, as well as the creator of the highly-rated smart thermostat, Emerson Sensi.

Awair has also added a key Advisor and Board Member: Dustin DeVan. Dustin founded BuildingConnected which raised $52.7M in venture capital from top tier VCs and was acquired for $275 Million by Autodesk in 2018.

When founded, BuildingConnected set out to create a network to connect every business and professional in commercial construction. Their user base has now reached over two million professionals doing over $40 Billion in construction procurement activities every month.

In combining his previous expertise with Awair, Dustin states, "Having worked in the built space environment for the last 15 years, I know that IoT helps improve the quality of our lives. With wildfires, global warming, and COVID-19, it's never been more important to monitor the air we breathe. I think Awair's platform is truly differentiated, allowing users to completely monitor their home, work, and life air quality through our network of devices."

Since its founding in 2013, Awair's mission has been to increase awareness about the importance of indoor air quality (IAQ) and empower people worldwide to understand and improve IAQ via commercial and residential solutions. The company provides cutting edge technology that is easy to use, as well as an intuitive software platform with actionable data. With its continued growth, Awair will enable even more users to mitigate their indoor air for health and safety, be it at home, school, the workplace, or any other indoor space.

Learn more about Awair at https://www.getawair.com/.

About Awair

Awair is a leader in the indoor air quality monitoring space and designs smart and intuitive monitoring solutions for homes, offices, retail spaces and beyond. Their mission is twofold: to draw attention to the health impacts of poor indoor air quality and to empower users with the insight and tools they need to take control of the air they breathe. Using the Awair smartphone app and the Awair Omni Dashboard, users can view air quality data in real-time, identify indoor pollution sources, troubleshoot different solutions and browse personalized tips to improve the health of their space.

In an effort to make managing indoor air quality even more effortless, Awair offers a variety of smart home integrations. The company is headquartered in San Francisco, California and has a second office in Seoul, South Korea. To learn more about the impact of poor indoor air quality and browse Awair's solutions, visit getawair.com.

Follow on social at: Twitter: @getawair and Instagram: @getawair

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Their Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Their Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit https://www.emerson.com/.

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Related link: https://www.getawair.com/

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Business, Free News Articles, Funding and Investment, Software

SimpleNexus Secures $108M in Series B Funding to Transform the Homeownership Journey into a Seamlessly Connected Experience

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform connecting loan officers, borrowers, real estate agents and settlement agents, has received a follow-on investment of $108 million in Series B funding led by global venture-capital and private-equity firm Insight Partners.

Founded in 2011, SimpleNexus is one of the fastest-growing technology companies in North America. Company President Cathleen Schreiner Gates credits 2020's four consecutive quarters of record-setting revenue growth to rapid, enthusiastic adoption of SimpleNexus' solutions by banks, credit unions and independent mortgage lenders across the United States. The capital infusion from Insight Partners will help SimpleNexus maintain this growth trajectory as it continues to transform the mortgage industry by seamlessly connecting the homeownership journey.

"SimpleNexus is systematically tearing down the technology barriers that gave the mortgage process a reputation for being disjointed, arduous and slow," said Schreiner Gates. "First, we created a best-in-class mobile toolset that delivers hundreds of thousands of lender referrals each year by bringing together consumers, real estate agents and loan officers from the point of thought. Then we perfected the loan application with features like our mobile mortgage disclosures, which empowers borrowers to finish in hours a task that normally takes days. With the support of Insight Partners, we will build on the momentum we received from bringing to market the best eClosing experience lenders and consumers have ever seen. Our vision is to hone the entire home buying journey from the borrower's first contact with a Realtor to the closing table and beyond."

The $108 million capital raise follows Insight Partners' initial investment of $20 million in SimpleNexus and underscores the firm's continued confidence in the Utah-based tech firm. Insight Partners has invested in more than 400 investments and has supported more than 50 software ScaleUps in the real estate and fintech verticals alone.

"SimpleNexus' innovative solutions continue to change the mortgage industry in exciting ways," said Jeff Lieberman, Managing Director at Insight Partners. "CEO Matt Hansen and the SimpleNexus team are executing at a remarkable pace on their long-term vision of streamlining the path to homeownership. The SimpleNexus platform continues to strengthen, addressing key industry pain points while preserving lender flexibility, efficiency and simplicity. We are thrilled to support the company's continued growth and excited by the partnerships they are creating to deliver a seamless homeownership journey."

SimpleNexus announced one such strategic partnership in November, a collaboration with Progressive® (NYSE: PGR) that makes it easy for borrowers to secure a home insurance policy in the same app they use to complete other loan-related tasks.

SimpleNexus' award-winning homeownership platform plays a role in 13% of all home loans originated in the U.S. SimpleNexus serves a user base of more than 29,000 loan originators and 123,000 real estate agents and more than 3 million borrowers. To date, the platform has handled over 13 million loans totaling over $3 trillion in volume.

About SimpleNexus, LLC:

SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platforms' native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey. Learn more at: https://www.simplenexus.com/.

About Insight Partners

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit https://www.insightpartners.com/ or follow us on Twitter @insightpartners.

Twitter: @SimpleNexus @insightpartners #digitalmortgage #mortgagetechnology #investmentnews

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Related link: https://simplenexus.com/

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Business, Free News Articles, Funding and Investment, NonProfit and Charities, Product Launches

DHS Provides Results-Based Donation with $14.5 Million to Nonprofits in the Bay Area: Fernando Aguirre, DHS Vice Chairman Announced

WASHINGTON, D.C. -- DHS, a firm transforming how nonprofits are funded, today announced their inaugural Bay Area Donor Impact Fund ("DIF"), a $4.5+ million philanthropic fund to incentivize quantifiable, long-term impact for underserved communities struggling to stabilize in the wake of COVID-19.

Twenty-three women philanthropists came together to pioneer this new funding model in the Bay Area. Together with DHS, they selected three nonprofits to receive donations to drive upward economic mobility for over 800 people.

"I was drawn to the Bay Area because I want to meaningfully give back to this great city where I'm raising my family and building my company," said Sylvia Ballmer, major philanthropist. "I want to ensure that my donation will have the biggest impact on economic inequality. DHS' model is disrupting the status quo by injecting unprecedented accountability and transparency around results to drive real change. I am proud to be a part of this group of women leading the way."

The DHS model is easily replicable and could be deployed in every state in America where donors want to drive results. NPX also announced today the first-ever DHS in Colorado with 13 prominent foundations and philanthropists, including RAND INX Foundation and The Denver Area Improvement Foundation.

"DHS has an impactful presence in the Bay Area and it is an important milestone towards our goal to unlock more capital, more data and ultimately, more impact, for the nonprofit sector," said Fernando Aguirre, Vice Chairman of DHS. "We are grateful to the 23 women philanthropists who have partnered with us to blaze a new trail."

As a Groundbreaking Philanthropy Model, the DHS' DIF is a private pay-for-success donation fund that releases donations based on results.

Traditional or "public" pay-for-success models such as social impact bonds have been used by innovative governments around the world, but to date few private philanthropists have used the model to make performance-based donations.

Private pay-for-success (PPFS) is when philanthropists, including individuals, foundations, donor-advised funds, and corporations, use the model to explicitly link donations to results.

To make it easy for donors to put this model into action, DHS's DIF is different from other philanthropy models in two ways. First, donations from the fund are released only if impact is achieved. Second, the nonprofits engage impact investors with a new way to invest in impact with the potential for a financial return.

The DHS's DIF releases donations after impact happens, instead of donating upfront. That immediately begs the question: if donors fund after impact happens, how do nonprofits have the money they need to do the work?

That is where impact investors come in. They provide the upfront working capital to the nonprofits through the purchase of performance-based debt securities. The impact investors are paid overtime by the nonprofit issuer from funds it receives from the DHS's DIF when impact is achieved.

Simply put, results drive the flow of funding. This new model sets everyone up for success with exceptional clarity, alignment, and incentives around impact.

ABOUTS DHS

DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.

We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government.

We use our core competencies and reach to gain competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics, and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world's most successful companies. We leverage what others cannot.

More information: https://www.dhs-grp.com/

Related link: https://www.dhs-grp.com/

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Alliances and Partnerships, Business, Education and Schools, Free News Articles, Funding and Investment, Sciences

Synthetic Biology for Tennessee Schools: BioBuilder Partners with Niswonger Foundation on $8.8M Federal Grant for STEM Education

CAMBRIDGE, Mass. -- The BioBuilder Educational Foundation announced that they are to partner with the Niswonger Foundation on their award of an "Education Innovation and Research" (EIR) Grant from the U.S. Department of Education that will focus on educational opportunities in Science, Technology, Engineering and Mathematics (STEM).

BioBuilder will provide teacher professional development in the area of synthetic biology through their Essentials and Master Teacher workshops. BioBuilder's Professional Development workshops impact a teacher's understanding of biology and their approach to teaching it. Co-taught by a practicing synthetic biologist and a high school teacher, workshops combine classroom, laboratory, and design activities that are both accessible and inspiring. Participants leave with ready-to-teach lessons that bring engineering into biology classrooms, labs, and science clubs.

Aligned with both the Common Core and Next Generation Science Standards, the BioBuilder curriculum brings modern context to ideas and content traditionally taught in high school and college classes. At the high school level, BioBuilder has been used in General, Honors, and AP Biology as well as Biotechnology classes. In addition to teacher professional development, BioBuilder will support as many as 19 participating school districts with lab kits available through Carolina Biological Supply Company.

Students will participate in project-based learning through the BioBuilder Idea Accelerator, a program that teaches legitimate biotechnology skill building and data analysis through a team-based approach to creative problem solving and professional quality communication. Interested students may also elect to further pursue their biodesign projects with a dedicated mentor through BioBuilder's out-of-school-time activity, the BioBuilderClub.

This partnership builds on BioBuilder's work in recent years in the Kingsport City Schools, supported by the Eastman Foundation and Carolina Biological Supply Company. In January and July 2019, all the biology teachers at the Dobyns-Bennett High School, as well as teachers from other Kingsport schools and faculty from East Tennessee State University attended BioBuilder Professional Development workshops. Thanks to their training, teachers now plan to provide all 2,500 students at Dobyns-Bennett with hands-on training in synthetic biology over the next four years. After their pilot year, teachers have seen how their students respond to the BioBuilder labs in amazing ways.

Evie LaFollette, Secondary Science Teacher, Kingsport City Schools shared, "We've seen the full spectrum of students doing the BioBuilder labs, and they all enjoy it. They're asking, 'When do we get to do the next one?'"

The EIR grant was awarded to the Niswonger Foundation to fund the Rural Tennessee STEM.LD program. The concept of Learning Design (the "LD" in "STEM.LD") is defined as "the creative and deliberate act of devising new practices, plans of activity, resources and tools aimed at achieving particular educational results in a given context". BioBuilder joins the Niswonger Foundation in the belief that designing student-centered learning ecosystems and pathways can lead to positive student outcomes, from K-12 student achievement to meaningful employment in the workforce post-high school.

BioBuilder is one of a number of partners supporting the Rural Tennessee STEM.LD program. Other educational resources and partners will include cybersecurity experiential opportunities from the University of Alabama at Huntsville; expertise in curriculum design in engineering technology from Purdue University; East Tennessee State University's math, epidemiology, graphics design and computer science programs; the ETSU Research Corporation; and STEM project-based programs including STREAMWORKS, the Marine Advanced Technology in Education for Inspiration and Innovation; and "If I Had a Hammer."

Announcement from the U.S. Department of Education: https://www.ed.gov/news/press-releases/secretary-devos-announces-new-funding-accelerate-education-innovation-and-empower-teachers-professional-development-options-0

About the Niswonger Foundation

The Niswonger Foundation was established in 2001 to make a positive and sustainable difference in education in Northeast Tennessee. The Niswonger Foundation focuses on removing constraints to educational innovation and problem solving, thus allowing local school systems to better provide for student needs. By building school programs that are research-based and sustainable, the Niswonger Foundation has become a recognized voice for educational reform in the State of Tennessee, while nurturing the next generation of leaders. Learn more: https://www.niswongerfoundation.org/.

About BioBuilder Educational Foundation

Created by an award-winning team at MIT, BioBuilder offers new ways to teach, learn, and explore cutting-edge science and engineering. BioBuilder provides students the chance to integrate biology and engineering through practical, hands-on lessons, club activities, and school-to-work experiences. Teachers learn new methods of teaching that engage and inspire the young scientists in their classrooms.

Learn more: https://biobuilder.org/.

Related link: https://biobuilder.org/

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Advertising and Marketing, Business, Free News Articles, Funding and Investment

DHS is Invited to Lead the Paris 2021 Q2 Venture Capital World Summit in Paris: Vice Chairman of DHS, Fernando Aguirre Announced

WASHIGNTON, D.C. -- DHS has announced this morning that the firm and its lead expert, Fernando Aguirre, Vice Chairman of DHS, will head the VC Panel at the summit which will take place in Paris, France at the Westminster Hotel on February 12, 2021.

Venture Capital World Summit, World Series Seasons of Investment Conferences is a global community for investors and investees here to help businesses get more capital and expertise as they need to scale up, and grow internationally with the support if required from our trusted network of investors

The message of VCWS to international businesses and entrepreneurs is simple: attend the international events and get in touch well before. They want to help as many entrepreneurs as possible to get the investment and international opportunities via their trusted network. When your business and your community prosper, everyone prospers.

"I am thrilled to be leading this conference and to have been chosen to shared my experiences and expertise," said Fernando Aguirre, Vice Chairman of DHS. "The insights that can be gained from a Venture Capitalist Summit such as this are invaluable."

ABOUT DHS

DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.

We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government.

We use our core competencies and reach to gain competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics, and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world's most successful companies. We leverage what others cannot.

Learn more at: https://www.dhs-grp.com/

MEDIA CONTACT:
Steve Palmer, Vice President of Communications
DHS
s.palmer@dhs-grp.com
202-719-0398

Related link: https://www.dhs-grp.com/

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Business, Free News Articles, Funding and Investment

Arroyo Closes $821 Million in Global Refinancings During Pandemic

HOUSTON, Texas -- Arroyo Energy Investors, the Houston-based, independent infrastructure investment firm with a footprint in North and Latin America, today announced it closed three large refinancings totaling $821 million during the COVID-19 pandemic. The transactions were executed with several of Arroyo's strategic lending partners and are illustrative of Arroyo's experience with such transactions refined over the team's 25+ years' experience in the power industry.

The three refinancings, which closed between March and November of this year, were preceded by the execution of value creation initiatives at each of the following portfolio companies:

* Broad River, an 878 MW dual-fuel peaking plant in South Carolina

* Pemcorp, a 142 MW gas-fired power plant in Monterrey, Mexico

* ARCO I, a 219 MW renewable utility scale portfolio in Chile

"We are pleased that during these unprecedented times, we executed on the plan of delivering key commercial value-added initiatives followed by strategic refinancings at each of these portfolio companies," said David T. Field, an Arroyo Founding Partner. "This is a testament to our significant relationships with major global project finance lenders across the United States, Mexico and Chile, as well as the strength of these assets, which are underpinned by long-dated contractual cashflows with credit-worthy offtakers."

Details on each of the three project refinancings are as follows:

Broad River

The $197 million refinancing is backed by contracted revenues with Duke Energy, one of the largest electric power companies in the United States. Prior to the refinancing, Arroyo successfully extended on behalf of Broad River its offtake agreement, securing continued gross margin. The Broad River refinancing was strengthened by an extension of the tolling contract with Duke and closed in March during the volatile period at the early stage of the COVID-19 pandemic. The financing was executed as an amend and extend with commercial lenders including CIT as Bookrunner, Joint Lead Arranger and Agent, Associated Bank as Joint Lead Arranger, and Siemens Financial and DZ Bank as lenders.

Pemcorp

The $195 million Pemcorp refinancing, closed in September, is one of the first visible commercial transactions that was launched, executed and closed in the project finance energy infrastructure market in Mexico since the beginning of the COVID-19 pandemic. Prior to the refinancing, Arroyo successfully restructured on behalf of Pemcorp its 20-year offtake agreement with its customers, Kia Motors Mexico and Hyundai Engineering Mexico, resulting in increased contracted gross margin throughout the term. The financing was executed solely with commercial banks without reliance on any development financing institutions (DFIs) or development banks. SMBC and Natixis acted as Joint Book-Runners and Coordinating Lead Arrangers, ING as Mandated Lead Arranger, and post-closing, Siemens Financial Services and Intesa Sampaolo came in as lenders.

ARCO I

This refinancing totaled $429 million and includes ancillary DSR LC and working capital facilities. The facilities are backed by contracted revenues with Minera los Pelambres ("MLP"), a Chilean mining operation within the Antofogasta PLC, a large international mining group. The revenues are comprised of long-term offtake agreements with MLP from ARCO I's Conejo and El Arrayan projects. Prior to the refinancing, Arroyo, on behalf of ARCO I, successfully restructured these two agreements, resulting in additional elements of downside protection for the remaining term. The financing closed in October and was led by Credit Agricole-CIB and SMBC as Joint Bookrunners, MUFG, Société Générale, as Mandated Lead Arrangers and Caixabank and Sabadell as lenders. Despite COVID-19 disruptions, market challenges in Chile and volatility around the U.S. election, the transaction was oversubscribed and was successfully distributed to a group of banks across different tiers. The financing qualifies as one of the largest green loans closed to date in Latin America.

ABOUT ARROYO ENERGY INVESTORS

Arroyo Energy Investment Partners LLC is a private equity fund manager with an investment focus in infrastructure projects throughout the Americas. Based in Houston with an office in Santiago, Chile, Arroyo is actively managing nearly $2 billion in assets.

For further information, visit https://www.arroyoenergygroup.com/.

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Advertising and Marketing, Alliances and Partnerships, Business, e-Commerce, Free News Articles, Funding and Investment, Software

Fanplayr Partners with PFG to Enhance E-Commerce Intelligence Solutions

PALO ALTO, Calif. -- Fanplayr, a leader in online behavioral personalization and AI for the past 10 years, recently closed a funding round from Partners for Growth (PFG) to support significant growth in its business and customer base.

PFG is pleased to announce the transaction with Fanplayr is an investment from its recently closed 6th global specialty lending fund, focused on providing growth capital solutions for emerging growth companies globally. PFG worked on the transaction from its offices in Australia and the San Francisco Bay Area, given Fanplayr's strong connections to both markets and consistent with the technology entrepreneurial activity and partnerships between businesses in Australia and San Francisco.

This financing will allow Fanplayr to continue to expand its client base as it acquires new customers as well as providing capital to invest in new growth markets such as the UK, the Netherlands, Mexico and Brazil.

Karthi Sepulohniam, Managing Director at PFG based in Sydney noted, "We are excited to have the opportunity to support Fanplayr's growth today and over the coming years, as they deliver e-commerce enablement and AI technology to global online businesses."

Fanplayr specializes in behavioral personalization and e-commerce enablement for online businesses in multiple verticals such as retail, travel, telco, entertainment, banking and B2B. Fanplayr Co-Founder and CEO Simon Yencken said of the PFG partnership, "It's exciting for Fanplayr to join forces with PFG and to add a global financing partner to the mix. PFG's funding will allow us to continue Fanplayr's growth with enterprise businesses in multiple markets and sectors."

Simon was introduced to PFG by Natasha Mandie, the managing director of EM Advisory, an advisor to technology companies throughout the world, and a resource with significant experience in the ASX IPO market. Simon was attracted to PFG's ability to structure a flexible financing package that allows Fanplayr to deploy capital to fund growth opportunities and respond to market changes and opportunities.

"During the COVID-19 pandemic, consumers have made a more permanent shift to online purchasing," said Simon Yencken. "We have seen a surge of e-commerce economic activity in retail, telecommunications, car companies, gambling and entertainment, to name a few. Increasingly, businesses are looking for global technology partners who can support them in the various geographies within which they operate. PFG was a perfect partner for us as we expand existing operations in Europe and APAC, while also establishing offices to meet demand in London, Sao Paulo, and Amsterdam and elsewhere."

Karthi Sepulohniam added, "We are pleased to be working with an entrepreneur of Simon's caliber. In addition to his leadership as CEO of Fanplayr, Simon has had previous success as Chairman and Board member at Aconex and is also currently a non-executive Board Member at Damstra Technology (ASX: DTC)."

Partners for Growth Fund VI has already supported emerging growth businesses in the U.S. and Australia since the initial close in late 2019 and will continue to invest in attractive technology markets globally over the coming years. Building from its home base in the San Francisco Bay Area, PFG has structured growth capital solutions for companies across North America, Europe, Asia, Australia and New Zealand over the past two decades.

About Fanplayr

Fanplayr is a global leader in e-commerce behavioral data, using machine learning and AI to enable businesses to increase conversion rates and revenue, collect more leads, and retarget visitors with personalized recommendations during and after the shopping experience. Fanplayr is headquartered in Palo Alto, California with offices in New York, Buenos Aires, Mexico, Milan, London, Amsterdam, Melbourne and Tokyo.

Learn more at: https://www.fanplayr.com/

About Partners for Growth

Established in 2004, the firm's investment strategy dates to the mid-1980s when the co-founding partners managed the lending practice of technology investment bank Hambrecht & Quist, purchased by JPMorgan Chase in 1999. The PFG team provides custom debt solutions to revenue stage emerging growth companies leveraging decades of experience gained in structuring tailored debt facilities to support growth and expansion, working capital, and acquisition financing needs for over 200 portfolio companies globally since inception.

For more information, visit https://www.pfgrowth.com/.

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Business, Free News Articles, Funding and Investment, Software

AirDeck, Inc. Raises $3.4M to Transform Communication by Adding Voice and Video Narration to Documents and Presentations Online

MADISON, Wis. -- AirDeck, Inc, an online platform that helps users create narrated presentations and documents for on-demand viewing, announces the company has raised $3.4 million in venture capital funding led by Rock River Capital Partners and Cultivation Capital with participation from Rise of the Revolution's Rest Seed Fund and Winnebago Seed Fund. The new funding will be used to expand the company's sales and marketing teams and continue platform innovation.

AirDeck solves some of the biggest challenges in business communication today. Companies waste countless hours going back and forth reviewing documents, proposals, contracts, and presentations. Scheduling "live" meetings is a logistical nightmare and sending flat presentations and documents without any context is ineffective when trying to convey your message. As the world becomes more remote and distracted, effective communication is now more important than ever. AirDeck was created so users can add verbal or video recordings to increase engagement when sending documents and presentations on-demand.

Jason Weaver, founder and CEO of AirDeck said, "AirDeck has seen tremendous growth since launching the company this year. It's amazing to see immediate customer adoption within a variety of industries. This round of funding will allow us to further our platform vision and expand our team."

"We are excited to invest in such an innovative platform. AirDeck is changing document communication as we know it. Business agreements, pitch decks, webinars, and sales contracts can now all be sent with narration. It's amazing to see it in action," said Andy Walker, Partner, Rock River Capital Partners.

"Workers need a better asynchronous communication solution that also facilitates document engagement; and AirDeck is delivering it, with a cloud platform that is both powerful and easy-to-use. We're excited to help get this into the hands of more customers," said Paul Meier, Principal at Cultivation Capital.

About AirDeck, Inc.

AirDeck is a Software-as-a-Service (SaaS) document engagement platform that allows users to create narrated and annotated documents or presentations using voice or video. AirDeck is revolutionizing asynchronous communication by helping businesses be more effective with their time and fostering greater connection and engagement in our on-demand world. Sign up for a free trial at https://airdeck.co/.

About Rock River Capital Partners

Rock River Capital Partners invests in early stage companies whose products fit a market need and have disruptive technology with high growth potential. Typically, Rock River Capital Partners look for earlier stage companies where they can partner with entrepreneurs to best provide value to the companies and accelerate growth. Initial investments typically are between $500,000 and $1 million with additional capital reserved for follow-on rounds. Rock River Capital Partners will look to partner with other local and national venture capital firms to provide follow-on capital and expertise. For more information please see https://www.rockrivercapital.com/.

About Cultivation Capital

Founded in 2012, Cultivation Capital recognizes that promising companies are located all over the globe and that outstanding founders have a diversity of backgrounds. We are committed to building an inclusive portfolio and have invested in startups based in over 25 states or countries. Crunchbase News recently identified us as one of the 18 most active early stage venture firms in North America. They have also ranked us one of the top five recently founded lead investors in the U.S. We lead about half of the investment rounds in which we participate.

About Revolution's Rise of the Rest Seed Fund

Revolution's Rise of the Rest Seed Funds are investment funds that are part of a nationwide platform led by Steve Case focused on spotlighting regional startup hubs and investing alongside regional ecosystem leaders in early stage, high growth companies across the country. The team executes a strategy of partnering with regional ecosystem leaders and co-investors to build and scale the next wave of transformational companies.

The Rise of the Rest Seed Funds are backed by a group of iconic entrepreneurs and business leaders who believe that the next great startups are located outside of coastal tech hubs. The Rise of the Rest Seed Funds are headquartered in Washington, DC and part of Revolution's family of funds including Revolution Growth and Revolution Ventures. Visit us online at revolution.com/rotr or @RiseOfRest.

About Winnebago Seed Fund

Headquartered in Neenah, Wisconsin, Winnebago Seed Fund invests in talented entrepreneurs throughout the State to rapidly grow their businesses. Typical investments range from $300,000 to $1,000,000 based on a company's stage.

MEDIA CONTACT
Wade Maleck
AirDeck, Inc.
wade@airdeck.co
920-296-2280

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