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.