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Archive for the Category ◊ Secured Funding ◊

RetireUp grabs funding from Annexus Ventures
Saturday, January 14th, 2017 | Author:

Chicago-based RetireUp, a provider of software for retirement income planning, has secured funding from Annexus Ventures. No financial terms were disclosed other than it was an eight-figure valuation.


SCOTTSDALE, Ariz., Nov. 08, 2016 (GLOBE NEWSWIRE) Annexus Ventures, a venture capital firm focused on making early investments in InsureTech and FinTech companies, announced a new strategic investment in Chicago based developer RetireUp, with an undisclosed eight figure valuation.

“RetireUp is the best financial software for modeling complex product solutions in a simple, easy to understand manner for clients,” said Jim Richards, Annexus Ventures Managing Partner. “Through an interactive simulation, the client and advisor can test drive a variety of solutions. Together, they can find an approach relative to their specific situations and concerns that is in the client’s best interest. We are excited to support their continued success and innovation for the benefit of our entire industry.”

Annexus Ventures has positioned Jim Ferrell as the new SVP of Business Development at RetireUp. Bringing technology solutions to insurance carriers and their distribution channels is what Ive done for over 15 years,” said Jim Ferrell. “Its exciting to be part of an organization that is so committed and has the support required to deliver the full DOL solution.”

Annexus Ventures is actively developing partnerships with leading technology companies and intends to make additional strategic announcements in the coming weeks.

About Annexus Ventures
Annexus Ventures is a venture capital firm focused on making early-stage investments in InsureTech, FinTech and software companies. Annexus Ventures delivers a wealth of financial industry expertise, mature business networks and capital support to accelerate promising technology companies.

For more information, please visit www.AnnexusVentures.com.

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Greenfield hosts free Medicare information session
Wednesday, January 11th, 2017 | Author:
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Watermark Venture Capital backs Rapid Healthcare
Sunday, January 01st, 2017 | Author:

Irvine, California-based Rapid Healthcare Inc, a mobile medical apps software company, has secured funding from Watermark Venture Capital. No financial terms were disclosed.

Source: Press Release

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He lucked out when the rector at Harlems All Souls Episcopal Church, at 88 W. St. Nicholas Avenue, allowed him to use their kitchen three days a week for the training.

Nelson also recruited a co-teacher and secured funding for the program, which runs for six weeks and gives basic lessons on slicing, dicing and food preparation.

On Mondays and Tuesdays, the trainees learn basic cooking and knife skills in the kitchen and prep food for a feed-the-hungry initiative on Wednesday.

The program also helps participants receive a Department of Health food-handling certificate, which could boost resumes, Nelson said.

Nelson said, as the program continues, he wants to work with local restaurants to create a pipeline to place trainees in kitchens across the city.

They can walk into a place with experience and credentials, he said.

So far, three people have completed the training andNelson is hoping to start a new class in January. He also plans to more than double participants.

His hope is to eventually open apay-what-you-will cafe, where people will offer donations for their meals.

It could be a space where people who are also doing training could also have work, he said.

Im convinced that there are enough resources to house and feed people and get them jobs.

Those interested in the program could sign up by visiting http://www.mandalacafe.organd contacting Nelson.

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Embu church to get funds for varsity from Korean firm
Sunday, December 18th, 2016 | Author:
Kenya Anglican University education board members led by Embu Senator Lenny Kivuti (left) and officials ACK Diocese of Embu meet officials of Korean multinational Global Capital Ventures on Saturday at Kanyumbora, Embu County on November 19, 2016. The university management has secured Sh15 billion funding from South Korean investors for construction of the institution. (PHOTO: JOSEPH MUCHIRI/STANDARD)

The management of the nascent Kenya Anglican University has secured funding from South Korean investors for construction of the institution.

The university, which is owned by Anglican Church of Kenya (ACK) and is based at Kanyuambora in Embu County, will now be able to fast-track building of standard infrastructure and facilities to offer education of international standards.

The university education board members led by Embu Senator Lenny Kivuti and officials of ACK Diocese of Embu on Saturday met representatives of Global Capital Ventures, a Korean multinational, and launched formal negotiations towards the multi-billion funding.

Mr Kivuti said the Korean firm had agreed to finance the construction and once finished, the loan would be repaid in instalments from the income of the institution.

We have partnered with the Koreans who will finance 100 per cent construction of the university. They will also be involved in funding other projects in Embu County and in the country, said Kivuti.

Architectural designs

Police kill four terrorists, recover 4 AK-47 rifles and 90 bullets in Mandera

Global Capital Venture CEO KJ Lee said once the architectural designs are out, the Korean firm was ready to give between Sh15 billion and Sh20 billion to the university.

She said the firm would work closely with Embu County for technology and knowledge transfer that would benefit the community.

We are committed to fostering good relations with our partners and we will create quality infrastructure and facilities at the university. We are also working closely with the government for various public-private partnerships, she said.

In September 2014, the university installed Prof Godfrey Nguru as the vice-chancellor. It is now awaiting interim letter of authority from Commission for University Education to offer degree courses.

The university has been operating on limited infrastructure such as lecture halls, administration block and library.

The university was born after a commission of the ACK recommended the amalgamation of St Andrews Kabare and Berea Theological colleges, which are located in Kirinyaga and Nakuru respectively. The recommendation was adopted in 2009.

Huge cracks on bridge along Nairobi-Nakuru highway spark panic

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Photo brings to light alumni leadership story
Sunday, December 11th, 2016 | Author:

After Cochise, Strand studied public administration at the University of Arizona. He operated heavy equipment at a mine in Miami, Arizona, before moving to Playas, NM, to help build a smelter. In 1976, he earned his first administrative role as an assistant with the City of Deming. He became city administrator six years later.

The City of Deming made significant strides during Strand’s 29-year tenure. He made stable financial solvency a priority by not seeking revenue bonds and by creating departments to accomplish work that normally would be put out to bid. The city earned Enterprise Community status, which provided federal tax incentives and grants to distressed communities that plan and carry out strategic visions for change, community-based partnerships, economic opportunities, and sustainable community development. Numerous Deming projects focused on enhancing historic city properties or re-purposing facilities for new uses. For example, Deming expanded its history museum and renovated the 1850s Customs House, renovated an old store into the Andres Z. Silva Conference Center, turned a civic center into a library and an empty department store building into a civic center and university branch, and created a 1,300-acre industrial park over a former mill site. It established a youth boot camp with local partners to discourage juvenile crime and promote education, aggressively used Community Development Block Grant funding to improve infrastructure, and secured funding for a literacy center and family resource center. It also improved recreational facilities by adding an aquatic center and expanding the golf course.

“I developed partners to assist with finances to complete projects,” Strand said, also recognizing the elected officials who “gave me the flexibility to complete their needs. We tried to create a workforce that would remain until retirement and hopefully enjoyed coming to work every day.”

In 2005, Strand was honored for his leadership when the City of Deming named its municipal building for him. Today, he and his wife Holli, an artist originally from Deming, also have a home in Vail, Arizona. He continues to serve on the Deming museum board and is a consultant with the SunZia Southwest Transmission Project, which will transport energy from Arizona and New Mexico to customers and markets across the Desert Southwest.

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OneSavings Bank (LON:OSB) Broker Roundup
Monday, November 21st, 2016 | Author:

OneSavings Bank plc (OSB) is a United Kingdom-based lending and retail savings company. The Company operates through three segments: Buy-to-Let/SME, Residential Mortgages and Personal Loans. The Company provides Buy-to-Let mortgages secured on residential property held for investment purposes by experienced and professional landlords and commercial mortgages secured on commercial and semicommercial properties held for investment purposes or for owner occupation. It also provides residential development finance to small and medium sized developers and secured funding lines to other lenders. The Company lends to owner-occupiers with a geographical bias towards London and the South East. OSB also offers bespoke residential first charge, second charge and shared ownership mortgages through specialist brokers. It also provides secured funding lines to other lenders. The Company also offers unsecured lending services.

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