eMerge Americas parts ways with Grupo Arcano as sponsor

The technology conference eMerge Americas parted ways with its controversial sponsor, Grupo Arcano, after reports last week questioning the background of the firm’s founder, Alberto Chang-Rajii. Grupo Arcano was to be the presenting sponsor of the Startup Showcase; now Medina Capital will be the presenting sponsor, eMerge Americas announced Monday.

Medina Capital, run by eMerge Americas’ founder Manny Medina, is a private equity firm investing in the cybersecurity, big data, software-as-a-service and mobility markets. At the Startup Showcase, more than 100 companies will vie for a share of $175,000 in investments. eMerge Americas will be held at the Miami Beach Convention Center April 18 and 19.

Nancy Dahlberg