Arrowroot Capital was formed by Matthew Safaii who previously led the acquisitions team at Actua Corp. (NASDAQ: ACTA; fka ICG Group). During his tenure at Actua, Matthew identified an opportunity in the market for an established firm to focus on placing smaller sized growth equity checks into growing, mature, and established software companies. Arrowroot aims to provide equity capital in the range of $5M-$20M, but has access to a much larger pool of capital if needed. Arrowroot's capital is typically deployed to achieve very distinct goals including, but not limited to:
Working capital and growth investment
Liquidity for Founders and/or Management
Liquidity for previous Venture or Angel Investors
Acquisition capital
About Jack Berlin
Founded Accusoft (Pegasus Imaging) in 1991 and has been CEO ever since.
Very proud of what the team has created with edocr, it is easy to share documents in a personalized way and so very useful at no cost to the user! Hope to hear comments and suggestions at info@edocr.com.
For Immediate Release: July 14, 2014
ARROWROOT CAPITAL INVESTS $4 MILLION IN MEDNET SOLUTIONS
Funds to Accelerate iMedNet™ EDC Sales, Marketing and R&D Initiatives
Minnetonka, MN – MedNet Solutions, a global life sciences technology company specializing in clinical study
management systems, is pleased to announce that Arrowroot Capital, a growth equity firm focused on software-as-a-
service (SaaS) and Internet-based businesses, has made a $4 million investment in MedNet Solutions. This funding,
representing the first major outside financing in the company’s history, will be instrumental in supporting the
ongoing growth and development of both MedNet and iMedNet EDC, its flagship cloud-based eClinical technology
platform. iMedNet EDC provides innovative, flexible solutions which enable clinical research professionals to quickly,
easily and affordably construct their own studies.
“MedNet is thrilled to be partnering with Arrowroot Capital,” said John M. (Rob) Robertson, President and CEO of
MedNet Solutions. “Matt Safaii and his associates bring a wealth of SaaS experience and an outstanding track record
of assisting companies like ours move to the next level. We’re extremely excited about our iMedNet EDC solution and
how rapidly it is being accepted and implemented throughout the clinical research community. The timing is perfect
to bring in a quality organization like Arrowroot that can provide access to the resources we need to fuel our
continued growth.”
“We are excited to partner with MedNet during its next stage of growth,” stated Matthew Safaii, Managing Partner
of Arrowroot Capital. “Rob Robertson and his team have built a nimble, highly configurable and robust SaaS platform.
The iMedNet EDC solution has demonstrated incredible traction among CROs and sponsors supporting clinical trials
of all types and sizes. We’re looking forward to rolling up our sleeves and helping MedNet grow to its full potential.”
Stay in touch with MedNet:
Check out our Blog
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About MedNet Solutions
MedNet Solutions is a leading healthcare technology company specializing in electronic data solutions designed for
the global life sciences community. MedNet’s proven, flexible and easy-to-use cloud-based eClinical systems
dramatically improve the efficiency of clinical studies and registries of all types and sizes. Beyond simply electronic
data capture (EDC), MedNet’s solutions deliver the tools and dashboards required to expertly manage all aspects of
clinical research. Since 2001, pharmaceutical, medical device, biotechnology and Contract Research Organizations
(CROs) around the world have trusted MedNet to consistently deliver the technology innovation, experience and
reliability they need for success. For more information, please visit www.mednetstudy.com.
About Arrowroot Capital
Arrowroot Capital is a software-focused growth equity firm that invests in growing and healthy SaaS-based
businesses across all industries. Due to Arrowroot’s business model expertise, the firm takes a hands-on approach in
assisting portfolio companies reach their growth goals. Arrowroot typically targets investment opportunities of
anywhere between $1 million and $15 million, but has access to larger pools of capital if needed. For more
information, please visit www.arrowrootcapital.com.
MedNet Contact Information
Dirk H. Nelson
Director of Marketing
MedNet Solutions
110 Cheshire Lane, Suite 300
Minnetonka, MN 55305
USA
763.258.2735
contact@mednetstudy.com
Arrowroot Contact Information
Matthew J. Safaii
Managing Partner
Arrowroot Capital
100 Wilshire Blvd, Suite 1830
Santa Monica, CA 90401
USA
310.566.5966
contact@arrowrootcapital.com