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IDC Network and Arena Investors Announce the Launch of “IDC Arena Credit Ventures” a US$200 Million Strategic Partnership to Bolster Tech Innovation

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4 months ago

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Strategic Partnership Will Help Founders Access Venture Debt and Flexible Capital Solutions Through Private Credit, Also Setting the Stage for Potential Future IDC/Arena Investment Offerings 

MIAMI, June 5, 2024 /PRNewswire/ — IDC Network, a diversified private equity and venture capital asset manager and parent company of IDC Ventures, a global venture capital firm specializing in fintech and marketplaces, today announced the launch of its newly created credit and flexible capital arm, IDC Arena Credit Ventures, through the formation of a strategic partnership with Arena Investors, LP. Arena Investors is a global institutional investment manager with a robust track record of providing creative capital solutions to underserved borrowers globally. This partnership is set to create a powerhouse for financing innovative technology ventures for companies at critical growth stages.

The strategic partnership combines IDC’s expertise in deal structuring and early to growth-stage technology investments with Arena’s robust capabilities in financing solutions. Together, IDC Network and Arena Investors are well-positioned to provide tech entrepreneurs with unique financing alternatives. Melissa Ramirez, Managing Partner of IDC Network, will lead IDC’s Venture Debt arm and the strategic partnership. She will also serve as a liaison between Arena, IDC Ventures, and other initiatives across IDC Network.

“Partnering with Arena Investors is another significant step towards consolidating our Venture Capital platform globally. I’m excited to double down on our strategic goal to support the next generation of tech leaders with alternative, smart, and flexible capital tailored to their specific needs,” commented Melissa Ramirez, Managing Partner at IDC Network and IDC Arena Credit Ventures. “This partnership will enable us to capitalize on the significant demand for non-dilutive capital we are seeing in the market, particularly from high-quality, disciplined tech companies. By combining Arena’s exceptional debt financing capabilities and our deep tech industry insights and ecosystem access we aim to fuel the growth of pioneering technology firms in a highly underserved market.”

Arena Investors brings to the partnership a wealth of experience and a strong investment history, having deployed over $5 billion in capital across various asset types in special situations investments.  CEO and CIO Dan Zwirn began investing in venture capital over 25 years ago and was involved in the creation of several noteworthy platforms in the space including Horizon Technology Finance and Hercules Capital. “We are thrilled to join forces with IDC, a long standing, well-regarded asset manager and major player in the venture capital space,” said Joe Salameh, Managing Director of Corporate Private Investments at Arena Investors. “This collaboration is poised to fill a large void in venture debt capital.  We are excited to provide solutions and flexibility that start-ups need to thrive in today’s environment.”

The strategic partnership aims to address the growing demand for non-dilutive funding options in the tech sector, providing bespoke financial solutions that are tailored to the specific needs of tech and tech-enabled businesses. By combining resources, expertise, and networks, IDC and Arena Investors will enhance their ability to support high-potential companies and drive innovation in the technology landscape.

About IDC Network
Established in 1995, IDC Network (IDC) is a diversified multi-fund platform. IDC focuses on partnering with strategic investors, managing and co-managing funds across multiple sectors including Private Equity, Energy & Infrastructure, Ventures, Capital Markets, Real Estate, and Impact. Active across Latin America, the US, and Europe, IDC is proud to be the Partner of Choice for more than 150 of the world’s most influential families from 26 countries. Learn more at IDCNetwork.com.

About IDC Ventures
IDC Ventures (IDCV) is the venture capital arm of IDC Network, a global multi-fund asset manager. More than just a fund, IDC Ventures acts as the Partner of Choice to more than 150 family offices for a diversified set of venture capital-related opportunities, managing proprietary funds, co-investment opportunities, and co-managed funds in partnership with top-tier managers who bring specialized industry expertise. IDCV is an active partner with entrepreneurs, helping founders from earlier stages through exit. IDCV mostly leads rounds and takes board of director seats offering a wide range of expertise based on successful founder, banking, and consulting experiences. Since its founding in 2019, IDCV has backed industry-defining founders from Series A to growth stages across Europe, the US, and Latin America (mainly Brazil and Mexico), primarily focusing on fintech and marketplaces through its flagship funds. Learn more by visiting IDCVentures.com.

About Arena Investors, LP
Arena Investors, LP is an institutional asset manager founded in partnership with The Westaim Corporation (TSXV: WED). With approximately $3.5 billion of assets under management (as of May 1, 2024) and a team of over 180 employees in offices globally, Arena provides creative solutions for those seeking capital in special situations. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions. See www.arenaco.com for more information.

Contact:

IDC:
Benito Besada
Benito.Besada@idcventures.com

Prosek Partners:
Joshua Clarkson
pro-arena@prosek.com 

Arena Investors:
Parag Shah
ir@arenaco.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/idc-network-and-arena-investors-announce-the-launch-of-idc-arena-credit-ventures-a-us200-million-strategic-partnership-to-bolster-tech-innovation-302165132.html

SOURCE IDC Network

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Dana-Farber Cancer Institute Partners with Clinical.ly to Enhance Regulatory Operations with eReg Solutions

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12 mins ago

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September 19, 2024

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — The Dana-Farber Cancer Institute, a world leader in cancer treatment and research, chose Clinical.ly’s (www.clinical.ly) Research Suite™ to streamline regulatory operations, marking a significant step toward more efficient and compliant clinical trial management. Dana-Farber joins a growing number of research organizations that leverage Clinical.ly’s innovative solutions to streamline clinical trial processes. Clinical.ly’s eReg platform offers a comprehensive, paperless solution that centralizes regulatory workflows, ensuring compliance and transparency across clinical trials.

“We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO.

This partnership continues Clinical.ly’s success in providing best-in-class enterprise tools for conducting clinical research. “We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO. “Our eReg platform and wider set of features in Clinical.ly Research Suite™ will empower that renowned organization, and we all look forward to supporting their teams.”

About Clinical.ly Research Suite™ 

Clinical.ly Research Suite™ is a comprehensive solution that eliminates traditional, paper-based processes. By automating and centralizing essential workflows in the Clinical.ly Research Suite™, organizations achieve huge efficiency improvements, greater trial oversight, document management, and regulatory compliance. The Clinical.ly Research Suite™ includes:

eReg: A best-in-class electronic regulatory bindereSource: An intuitive & feature-rich, paperless data capture solution that streamlines data collection from trial participantseConsent: A fully digital solution for capturing informed consent, improving participant engagement and site complianceClinicallySign: 21 CFR Part 11 compliant eSignature functionalityClinicallyPay: A secure and instantaneous participant stipend payment and reimbursement solution

About Dana-Farber Cancer Institute

Founded in 1947, Dana-Farber Cancer Institute is committed to providing adults and children with the best treatment available today while developing tomorrow’s cures through cutting-edge research. Based in Boston, Dana-Farber is a teaching affiliate of Harvard Medical School and ranks consistently as one of the top cancer hospitals in the world.

About Clinical.ly

Clinical.ly provides differentiated, cloud-native technology solutions to the clinical research industry, enabling research organizations to conduct studies with greater efficiency and ease. Clinical.ly is dedicated to developing technology that eliminates tedious manual labor, allowing clinical research professionals to focus on patient care.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dana-farber-cancer-institute-partners-with-clinically-to-enhance-regulatory-operations-with-ereg-solutions-302253690.html

SOURCE Clinical.ly

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Fall Into Creativity with the Monport Laser Fall Sale

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12 mins ago

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September 19, 2024

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — Experience laser innovation this Fall with Monport Laser, an industry frontrunner in laser engraving and cutting technology, with an exclusive Fall Sale offering incredible discounts and free accessories on a wide range of high-performance laser engraving machines. From September 19th to September 30th, customers can take advantage of this limited-time opportunity to elevate their laser engraving businesses with cutting-edge laser innovation at unbeatable prices.

Monport Laser has been dedicated to providing innovative and reliable laser machines that empower businesses and individuals to achieve their goals. With a focus on quality, precision, and customer satisfaction, Monport Laser has established itself as a trusted leader in the industry. Their commitment to excellence is evident in every laser they produce, ensuring exceptional performance, reliability, and value.

Embrace the Power of CO2 Laser Technology with Exclusive Offers

Monport Laser will offer two free accessories with selected CO2 laser machines during the Monport Fall sale. These versatile lasers are ideal for various applications, including engraving, cutting, and marking wood, acrylic, leather, and more. By taking advantage of this Fall sale, laser engraving businesses can enhance their productivity and expand their creative possibilities.

Experience Unmatched Value with Fiber Laser Discounts

Monport Laser offers substantial discounts of up to $4200 and 3 free accessories on selected models for those seeking the precision and speed of fiber laser technology. Fiber lasers are renowned for their ability to process metals with exceptional efficiency and accuracy, making them indispensable for metal fabrication, manufacturing, and jewelry production. Additionally, customers purchasing fiber lasers during the Fall sale will receive three free accessories, further sweetening the deal.

Elevate Your Desktop Laser Experience with a Free Water Chiller

Monport Laser is committed to providing comprehensive solutions for businesses of all sizes. As part of the Fall sale, customers who purchase the 40W Desktop laser will receive a Free Water Chiller Cw3000. This essential accessory ensures optimal cooling and performance, prolonging the lifespan of the laser and guaranteeing consistent results.

Discover Additional Savings on a Wide Range of Accessories

Monport Laser offers an additional 20% discount on selected accessories to complete your laser setup. From lenses and nozzles to rotary tables and smoke extraction systems, customers can find everything they need to maximize the potential of their laser machines.

Unleash Your Creativity and Productivity

Monport Laser’s Fall sale is the perfect opportunity to invest in laser technology that empowers your business or fuels your creative passions. With exceptional discounts and free accessories, you can acquire the ideal laser solution to meet your needs and budget.

Whether you’re an entrepreneur, artist, or manufacturer, Monport Laser’s advanced laser machines offer unparalleled precision, versatility, and reliability. Take advantage of this limited-time Fall sale and unlock your projects’ full potential for laser innovation.

About Monport Laser

Monport Laser is a global leader in designing, manufacturing, and distributing high-quality laser machines and accessories. With a commitment to innovation and customer satisfaction, Monport Laser provides cutting-edge solutions for various industries, including manufacturing, engraving, marking, and more.

For more information, visit monportlaser.com and follow them on social media for the latest updates.

Website: https://www.monportlaser.com/

 

 

 

View original content:https://www.prnewswire.com/news-releases/fall-into-creativity-with-the-monport-laser-fall-sale-302253699.html

SOURCE Monport Laser

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MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement

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12 mins ago

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September 19, 2024

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VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

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SOURCE Natural Resources Canada

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