RealConnex, a B2B real estate deal-making platform, announced the completion of its $3.5 million Series A financing round led by Star Capital, a U.S.-based investment group. The funding will be used to accelerate the domestic rollout, drive the company's global expansion and hire top talent, said RealConnex CEO Roy Abrams, who is based in Miami.
RealConnex's platform links investors, lenders, developers, advisors and other service providers to capital, services, opportunities and each other, providing a technology-driven alternative to the traditional real estate deal-making process that relies on pre-formed relationships and personal connections, the company said in its news release. The company is headquartered in New York with operations in Miami.
ALTPAY, a Hollywood-based mobile payment startup that released its patent-pending technology six months before Apple Pay launched a similar system, announced this week that it has received a $1 million equity investment from two family office investors.
ALTPAY is one of two first-to-market companies that are already doing business, have clients and revenue. Successfully up and running since March in the South Florida area, our mobile payment service is secure and private, saves merchants money and helps them to retain customers making every day purchases, said Victor Cook, managing partner of ALTPAY, in a statement.
Medina Capital, a private equity firm started by South Florida tech pioneer Manny Medina that is focused on high-growth technology companies, announced Wednesday the closing of the firm's first fund with $182 million of committed capital.
Medina said he established the fund to continue the work of Medina Capital and capitalize on "truly exciting times in information technology," an industry that has moved into an era of agile IT mobile and cloud technologies to cope with an explosion of data. That's creating "fantastic opportunities" in a potential multi-trillion dollar global marketplace, he said. Medina is managing partner of Medina Capital, and he founded, grew and sold Terremark Worldwide.