Nigerian Capital Development Fund (NCDF)

Optimize Renewables Client Frostburg State University Awarded $750,000 MEA Grant to Develop a Campus Microgrid

Retrieved on: 
Monday, October 10, 2022

FROSTBURG, Md., Oct. 10, 2022 /PRNewswire-PRWeb/ -- The Maryland Energy Administration (MEA) has awarded Optimize Renewables client Frostburg State University (FSU) a $750,000 grant from its inaugural Resilient Maryland Capital Development (RMCD) Program. FSU was announced as the first recipient of funding under this innovative MEA pilot program.

Key Points: 
  • FROSTBURG, Md., Oct. 10, 2022 /PRNewswire-PRWeb/ -- The Maryland Energy Administration (MEA) has awarded Optimize Renewables client Frostburg State University (FSU) a $750,000 grant from its inaugural Resilient Maryland Capital Development (RMCD) Program.
  • FSU developed its microgrid plan after receiving an MEA Resilient Maryland Planning Grant in 2020.
  • The resulting plan demonstrated the viability of the campus microgrid and the resilience it will provide for the University and the broader Frostburg community.
  • Situated in the mountains of Allegany County, Frostburg State University is one of the 12 institutions of the University System of Maryland .

Impact Shares Partners with Climate Vault to Neutralize the Carbon Footprint of the Sustainable Development Goals Global Equity ETF (NYSE: SDGA)

Retrieved on: 
Tuesday, September 27, 2022

Were honored to partner with Climate Vault as we play our part in the transition to a more sustainable global economy.

Key Points: 
  • Were honored to partner with Climate Vault as we play our part in the transition to a more sustainable global economy.
  • As a pioneer in impact investing, Impact Shares is the first non-profit ETF sponsor to partner with Climate Vault to decarbonize an ETF.
  • As a forward-looking, data-driven antidote, Impact Shares and Climate Vault are working to measurably reduce and remove carbon from an ETF.
  • Were excited to partner with Impact Shares in an effort to make their Sustainable Development Goals Global Equity ETF carbon neutral benefitting both investors and, more importantly, the planet.

Canadian aid organizations demand government action on Afghanistan sanctions

Retrieved on: 
Thursday, September 22, 2022

OTTAWA, ON, Sept. 22, 2022 /CNW/ - A coalition of leading Canadian aid organizations will be extending the Aid for Afghanistan Campaign following the Government of Canada's disheartening lack of urgency in acting to remove the barriers so lifesaving humanitarian assistancecan immediately reachthe people of Afghanistan.

Key Points: 
  • OTTAWA, ON, Sept. 22, 2022 /CNW/ - A coalition of leading Canadian aid organizations will be extending the Aid for Afghanistan Campaign following the Government of Canada's disheartening lack of urgency in acting to remove the barriers so lifesaving humanitarian assistancecan immediately reachthe people of Afghanistan.
  • The coalition continues to maintain an open and constructive dialogue with the Government of Canada and understands the complexities and challenges regarding Afghanistan.
  • To re-instate critical humanitarian aid and save countless lives in Afghanistan, Canadian aid organizations are urgingthe Ministersof Justice, Public Safety, Foreign Affairs and International Development to put into action the findings of the House of Commons Special Committee on Afghanistan and to address the following:
    Revise the Sanctions Regulations to clarify the inapplicability of sanctions to humanitarian assistance and lifesaving aid and align with steps taken by other G7 nations such as Australia.
  • More than 8,000 Canadians who have shown their support for the campaign, the coalition of aid organizations, and the Afghan community demand that the Government of Canada take immediate action for the people in Afghanistan.

bitsensing raises $10 Million in Series A Funding

Retrieved on: 
Wednesday, September 21, 2022

SEOUL, South Korea, Sept. 21, 2022 /PRNewswire/ -- South Korean 4D imaging radar solution company bitsensing raised $10 million in Series A Funding for a total of $21 million in funding since its inception. Among the investors are AF WPartners, ARGES Private Equity, Mando Corporation, and more.

Key Points: 
  • The Imaging Radar Company is Designing and Building Cutting Edge Radar Technology for Smart Cities, Wellness, and Beyond
    SEOUL, South Korea, Sept. 21, 2022 /PRNewswire/ -- South Korean 4D imaging radar solution company bitsensing raised $10 million in Series A Funding for a total of $21 million in funding since its inception.
  • bitsensing delivers radar solutions for autonomous vehicles, intelligent traffic management and now is expanding into optimizing radars for indoor usage with features for everyday wellness.
  • "It was a natural progression to begin developing technologies for wellness applications," said Dr. Jae-Eun Lee, CEO of bitsensing.
  • bitsensing is transforming possibilities to bring democratization of smart life in mobility, smart home and building, robotics, security, wellness, and beyond.

Spark+ Provides USD 2 Million to Sumac Microfinance Bank to Grow its Clean Cooking Portfolio in Kenya

Retrieved on: 
Tuesday, September 13, 2022

LUXEMBOURG, Sept. 13, 2022 /PRNewswire-PRWeb/ -- Spark+ Africa Fund ("Spark+" or the "Fund") has provided a 3-year, USD 2 million loan to Kenya-based Sumac Microfinance Bank ("Sumac"). Sumac is the second investment since the Fund launched in March 2022.

Key Points: 
  • Sumac Microfinance Bank is a fast-growing and profitable microfinance institution, with branches throughout Kenya that take deposits and provide consumer credit, including for clean cooking solutions.
  • LUXEMBOURG, Sept. 13, 2022 /PRNewswire-PRWeb/ -- Spark+ Africa Fund ("Spark+" or the "Fund") has provided a 3-year, USD 2 million loan to Kenya-based Sumac Microfinance Bank ("Sumac").
  • About clean cooking solutions: 900 million people in sub-Saharan Africa lack clean and modern energy for cooking.
  • http://www.moderncooking.org
    About Sumac Microfinance Bank: Sumac is a fully licensed bank regulated by the Central Bank of Kenya.

Marlin Spring Completes Initial Closing of its Second Development Fund with Commitments of Over $80 Million

Retrieved on: 
Tuesday, August 9, 2022

TORONTO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Marlin Spring, a Toronto-based Real Estate Investment and Development firm is pleased to announce that it is has closed on commitments of over $80 million for its second Development Fund (Fund II) with an additional closing anticipated in the coming months.

Key Points: 
  • TORONTO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Marlin Spring, a Toronto-based Real Estate Investment and Development firm is pleased to announce that it is has closed on commitments of over $80 million for its second Development Fund (Fund II) with an additional closing anticipated in the coming months.
  • We are pleased to have secured additional capital at this time to continue our focused growth strategy, said Ashi Mathur, President, Marlin Spring.
  • Marlin Springs first Development Fund (Fund I) was completed in July 2021 with a total fund size of $125,000,000.
  • We are grateful for the support and long-standing relationships with our partners and investors and their continued confidence in the Marlin Spring team, said Benjamin Bakst, CEO and Cofounder, Marlin Spring.

Continental Properties Closes on Its Second Development Fund Valued at $346 Million.

Retrieved on: 
Wednesday, August 3, 2022

MENOMONEE FALLS, Wis., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Continental Properties Company, Inc. ("Continental Properties") a privately held national multifamily and commercial real estate developer, owner, and operator has announced the closing of its second real estate development fund, Continental Properties Real Estate Development Fund II, L.P.

Key Points: 
  • MENOMONEE FALLS, Wis., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Continental Properties Company, Inc. ("Continental Properties") a privately held national multifamily and commercial real estate developer, owner, and operator has announced the closing of its second real estate development fund, Continental Properties Real Estate Development Fund II, L.P.
  • Continental Properties is a Wisconsin-based national developer and operator of multifamily communities, retail, and hospitality properties.
  • Since its inception in 1979, Continental Properties has developed over 110 apartment communities encompassing more than 31,000 apartment homes in 19 states.
  • Currently, Continental Properties owns and manages 72 communities comprised of over 19,000 homes in 16 states.For more information about Continental Properties, visit www.cproperties.com .

Paladin Capital Group Announces Close of $372 Million Cyber Fund II

Retrieved on: 
Wednesday, June 1, 2022

Paladin Capital Group, a leading cyber and advanced technology investor, today announced the closing of its Cyber Fund II (the Fund), a $372 million multi-stage fund that invests in cybersecurity startups bringing innovative technologies to market.

Key Points: 
  • Paladin Capital Group, a leading cyber and advanced technology investor, today announced the closing of its Cyber Fund II (the Fund), a $372 million multi-stage fund that invests in cybersecurity startups bringing innovative technologies to market.
  • At a time when cybersecurity could not be more important, Cyber Fund II is investing in digital solutions of absolute need to advance, sustain, and defend critical infrastructure and modern society, said Michael Steed, Founder and Managing Partner of Paladin Capital Group.
  • Paladin invests with a security-first mindset that builds digital resilience and facilitates innovation, said Christopher Steed, Chief Investment Officer and Managing Director at Paladin Capital Group.
  • We want to thank all of our new and long-standing limited partners for their support of this fund and commitment to Paladin, said Brenda Chia, Director of Capital Development at Paladin Capital Group.

KONGREGATE AND IMMUTABLE X REVEAL $40 MILLION BLOCKCHAIN DEVELOPER FUND; ANNOUNCE KONGREGATE.COM REDESIGN FOR WEB3

Retrieved on: 
Wednesday, May 25, 2022

SAN DIEGO, May 25, 2022 /PRNewswire/ -- Kongregate, creators of the beloved web gaming platform Kongregate.com and a pioneering blockchain game developer, and Immutable X, Ethereum's leading Layer 2 (L2) scaling solution, continue to build on their partnership. Today, they announced a $40 million fund consisting of an IMX token pool that will be awarded as grants to blockchain game integrations on Kongregate.com. Kongregate.com is relaunching later this year to become the premier destination for blockchain games from both established and indie developers and home to a new generation of gamers.

Key Points: 
  • Today, they announced a $40 million fund consisting of an IMX token pool that will be awarded as grants to blockchain game integrations on Kongregate.com.
  • Kongregate, which was founded in 2006, has a long history of developing and showcasing fun and innovative game experiences across platforms and technologies.
  • Developers will benefit from its end-to-end integration solution to ensure that each game on the platform is a fun and engaging experience for players.
  • Kongregate is a leading game developer and architect of the gaming portal Kongregate.com.

Paracrine Announces Appointment of Biotech Veteran David Crean, Ph.D. to the Board of Directors

Retrieved on: 
Thursday, May 12, 2022

We are delighted to welcome David Crean to the Paracrine Board, said Christopher J. Calhoun, Chairman and CEO of Paracrine.

Key Points: 
  • We are delighted to welcome David Crean to the Paracrine Board, said Christopher J. Calhoun, Chairman and CEO of Paracrine.
  • I am happy to join Paracrines Board of Directors at this exciting time in the companys development, added David Crean, Ph.D.
  • David is also a Co-Founder and Managing General Partner of Equitos Venture Partners, a life sciences-focused investment firm with $750m of assets under management.
  • In addition, David is an investment partner with Suncoast Venture Partners and Mesa Verde Venture Partners, two micro life science seed stage & incubator venture funds.