Daily Archives: Jan 17, 2023

The growth capital will allow the EdTech SaaS company to match even more families with the ideal schools for their children and drive enrollment for Schola's PK-12 school partners.

PHOENIX - January 17, 2023 - (Newswire.com)

 Schola, the online platform that helps families discover, connect, and enroll in the ideal PK-12 schools for their children, marks a new milestone by closing a $10M Series A round of funding. With triple-digit annual recurring revenue growth, this minority-founded and led organization has already surpassed 100K students searching for the most suitable school in their platform to improve educational outcomes across the United States. The growth investment will power Schola's continued nationwide expansion and standardization of how families and schools connect with one another, creating brighter futures for all.

"We're very excited about the additional resources from this investment that will allow Schola to execute further our vision for families and schools across America. We will continue adding tools to the platform to help students in every state find their perfect school, giving them a better chance to reach their full potential." - Jaime Martinez, Founder and CEO of Schola.  

Channel Equity Partners led Series A, followed by significant investors Arizona Venture Development Corp, Revolution's Rise of the Rest (led by Steve Case, of AOL fame), EduLab, Stout Street, and Portfolia. Their support accelerates the addition of more mission-driven professionals to Schola's team and expands the capabilities of its double-sided school choice marketplace, strengthening Schola's commitment to increasing parents' engagement with their children's education. Schola will continue to revolutionize how English and Spanish-speaking families from various backgrounds connect with schools to build strong communities inside and outside the classroom.

"PK-12 student recruitment is yet another market transitioning from offline methods to streamlined, digital channels. The data showed that Schola's school partners receive a potential 15x return on investment from the value of enrollment applications generated by its marketplace. CEP is thrilled to support this amazing team that has developed the most efficient solution for schools and families to succeed." - Jensen Bryant, Co-Founder and Managing Partner of Channel Equity Partners.

About Schola: Schola is the leading software company for families and schools to improve PK-12 education outcomes. Schola helps families discover, connect, and enroll in the ideal school setting and helps schools source, enroll, and engage with prospective families. Schola believes that enrolling in the ideal learning environment must be accessible; thus, it is entirely free to parents and students. Learn more by visiting schola.com

Contact Information:
Carlos Melendez
Chief Marketing Officer
carlos@schola.com
5202614903


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Original Source: Schola Closes $10M Series A to Further Improve Student Recruitment and Engagement in PK-12 Schools

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ArtCap Strategies ("ArtCap") is a fund specialized in direct lending throughout Latin America and the Caribbean. ArtCap seeks to generate a balanced risk/return profile through focused origination, strong collateral and covenant packages, attractive transaction economics, and active portfolio management. ArtCap stands for "Artisanal Capital", a way of providing tailor-made financial solutions to clients, and to offer investors access to a hand selected well-diversified portfolio of loans throughout the region.

GEORGE TOWN, Cayman Islands - January 17, 2023 - (Newswire.com)

ArtCap Strategies, a Cayman-based investment group specialized in direct lending throughout Latin America and the Caribbean, announced today the establishment of its inaugural fund (the "Fund"), a closed-ended vehicle, with a target of up to USD600 million in assets under management. 

The Fund's strategy is to identify opportunistic situations and themes where its direct lending platform combined with structuring expertise results in attractive solutions for both borrowers and investors. 

ArtCap is managed by Antonio Navarro (former Head of Financial Institutions Coverage for Central America, Caribbean, and Colombia at Credit Suisse), Hieu Pham (former Head of Private Credit Structuring for Latin America (ex-Brazil) at Credit Suisse), and Alejandro Jaramillo (former Chief Commercial Officer at Bladex). The management team brings a deep knowledge of the region and strong relationships across a broad base of clients spanning more than 15 countries as well as a strong network of investors and financial partners, which comes from over 50 years of combined experience in Corporate & Investment Banking, Global Markets, Structured Finance, Credit Risk Management and Law.

Antonio Navarro, Managing Partner of ArtCap, commented: "With a focus on Latin America, ArtCap is uniquely positioned to capitalize on the current global economic shift to near shoring as it continues to manifest into financing opportunities throughout the region. The combination of high interest rates, demand for capital, as well as a reduced number of lenders with the capacity to structure complex transactions in Latin America and the Caribbean, is creating the perfect environment for ArtCap to offer a high value-added proposition for both investors and borrowers."

Alejandro Jaramillo, Managing Partner of ArtCap said: "We are very excited about the launch of the fund, and we see a large opportunity across business cycles for private credit, both for investors who desire yield under lower-risk structures, and a need from companies and financial institutions seeking credit solutions throughout Latin America and the Caribbean.  This is an important, enduring, and growing area, in which ArtCap is uniquely positioned to add value."

Hieu Pham, Managing Partner of ArtCap added: "This fund allows us to offer innovative, timely and customized financial solutions to our clients by combining our deep knowledge and experience with investor capital delivered through a direct lending platform. We expect our strategic approach will create win-win situations for investors and clients throughout the region."

_{This press release contains certain statements that may include "forward-looking statements". All statements, other than statements of historical fact, included herein are "forward-looking statements." The forward-looking statements are based on ArtCap's beliefs, assumptions and expectations of future performance, taking into account all information currently available to ArtCap, and can change as a result of many possible events or factors, not all of which are known to ArtCap or are within its control. ArtCap Strategies and the Fund are not registered with, or regulated by, the Cayman Islands Monetary Authority or any other governmental agency in the Cayman Islands.}

Contact Information:
Antonio Navarro
Managing Partner
antonio.navarro@artcapstrategies.com
2128821321


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Original Source: Former Credit Suisse and Bladex Executives Announce ArtCap Strategies' Inaugural Latin America and Caribbean Private Credit Fund With Target AUM of Up to USD600 Million

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Every day, Spider Lab's demand-side ad fraud countermeasure analyzes over 10 billion IP addresses to identify invalid traffic

TOKYO - January 17, 2023 - (Newswire.com)

Tokyo-based Spider Labs has recently had its IP Blocklist API adopted by Japan's GENIEE DSP in the ongoing effort to combat online ad fraud. Spider Labs' Demand-Side Ad Fraud Countermeasure Analyzes over 10 billion IP addresses every day to identify invalid traffic.

GENIEE DSP will use the IP Blocklist API to filter out General Invalid Traffic (GIVT) and Sophisticated Invalid Traffic (SIVT). GIVT includes traffic that can be identified by routine filtering, such as known data center traffic and search engine crawlers, while SIVT includes various types of invalid traffic, including traffic disguised as traffic caused by someone else, including Ad Fraud.

"Ad fraud has become an issue that cannot be ignored in recent years, and we feel that interest in demand-side countermeasures is growing year by year," said Sayaka Kobayashi, COO of the Demand Side Business Division at Geniee, Inc. "We are very pleased to be using the IP Blocklist API as a countermeasure against invalid traffic, and we believe that it will contribute to the improvement of transparency for our clients who use GENIEE DSP in the future. GENIEE DSP will continue to adopt cutting-edge technology that helps our clients increase brand awareness, acquire users, and achieve higher advertising cost-effectiveness."

Kazuhiro Miyamoto, Product Manager at Spider Labs, added, "We are pleased to be working with Geniee, one of the largest DSPs in Japan. The importance of ad verification, including countermeasures against invalid traffic, has increased dramatically over the past few years. We are confident that this collaboration has led to a healthier digital advertising industry. Spider Labs remains committed to building a secure and happy future through technology."

About GENIEE DSP
GENIEE DSP is a platform that allows advertisers to distribute their ads to slots selected in accordance with their needs. Ad spaces are selected based on data such as internet users' past behavioral history, purchase history, and location information, and are allocated to users who are assumed to be promising potential customers for the advertiser. Approximately 5,000 PC and smartphone media participate in the platform, which is capable of purchasing approximately 80 billion Impressions/month.

About Spider Labs, Inc.
Spider Labs, Inc. is the developer and provider of the automated, AI-driven fraud prevention tool, Spider AF, which operates with the mission of "Building a Safer, Happier Future with Automation." Spider Labs' team of data scientists is working to help fight the ever-evolving issue of ad fraud. Founded on the belief that the happiness of each team member must be realized to fully support the company, Spider Labs is committed to creating a "work-life integration" corporate environment that allows people to live their lives in their own way by promoting more flexible work lifestyles.

Contact Information:
Saaya Hashimoto
PR
pr@spider-labs.com


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Original Source: GENIEE DSP Adopts Spider Labs' IP Blocklist API

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