EMEnRose Magazine

RAEK Closes $400k Pre-Seed Round To Accelerate Growth

RAEK Data, LLC. ("RAEK" or the "Company"), a company focused on providing first-party data collection and utilization tools, today announced it has completed its pre-seed round and raised $400,000.

In completion of the Company's pre-seed round, RAEK has now turned its head toward scaling the business through direct-to-consumer advertising and strategic partnerships. While first-party marketing strategies are young and developing, there is a massive opportunity to grab market share while many companies struggle to find a solution to advertise effectively after the sunset of third-party cookies.

"Everyone is excited at RAEK to be a part of a company dedicated to helping small businesses grow their digital advertising capabilities in a world that favors larger businesses with the resources to build effective marketing. As we continue to build momentum, we believe our team and strategic investors will help guide the company's path towards success," commented Cory Crapes, Co-Founder of RAEK.

Ryan Pool, Co-Founder of RAEK, commented, "The RAEK Team has hit a major milestone by completing our first raise. We have made a significant effort over the course of this year to establish a leadership position in the First-Party Data space. Our management team is committed to the continued development of features and tools our customers can utilize in their advertising efforts as the world transitions into a cookieless environment. The Company is well-positioned to access multiple near-term growth opportunities to expand our position in the First-Party Data space."

RAEK is proud to announce the strategic investments from Charles Perez, Founder and CEO of CDM-Advisors; Chris Barnes, Lead Cloud Solutions Architect; Ian Marshall, Co-Founder of Addenso Labs; Kerry Lucasse, Founder of Building Better Agents; and Michael Varnadore, Partner at Concentric Tax & Consulting.

Ian Marshall, commented, "We have an impressive opportunity at RAEK to truly add value to businesses looking for solutions to improve their marketing ROI by deploying RAEK. When meeting both Cory and Ryan, it was apparent from their diverse business backgrounds, their passion and ability to identify and innovate automations in order to overcome obstacles, positioning the Company for success. After evaluating RAEK, it was easy to see why so many businesses need a solution to not only capture but process first-party data from their website. There are a lot of companies completely unaware of the possibilities of the return they could get from their own website. Educating the market and presenting a simple, easy-to-use solution such as RAEK is a massive asset."

Investors or interested parties with questions about RAEK can contact us at [email protected]. For all sales inquiries, please contact us at [email protected].

About RAEK, LLC.
RAEK Data, LLC. is a company focused on providing first-party data collection and processing solutions to small and medium businesses. RAEK is committed to building the largest network of first-party data collection solutions and revolutionizing the traditional advertising and marketing model. For more information, visit the Company's website (www.raekdata.com) and connect on LinkedIn, Twitter, Facebook and Instagram for the latest news and updates.

Forward-Looking Statements
All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

Investor Contact
RAEK Data, LLC
Cory Crapes
(509) 850-0130
[email protected]

Schenk Wines offers consumers ability to purchase directly
Schenk Wines, the fourth-largest family-owned wine group in Europe, will launch its new direct-to-consumer retail site this August.

Schenk Wines, the fourth-largest family-owned wine group in Europe, will launch its new direct-to-consumer retail site this August, offering consumers the ability to purchase their favorites directly at https://schenkwinesusa.com/. Capitalizing on its large selection of wines, Schenk was able to hand-curate 10 specific wines out of its 50+ inventory of traditional wines and non-alcoholic options. Choose from sophisticated Cabernets to light and refreshing Pinot Grigios.

The options don't stop at the traditional wine selections. Schenk is also offering mimosas in a bottle and a ready-to-drink mojito with one of the sexiest names around, "Amor De Mar," which tastes just as great as it sounds. To see its full lineup of products available, please visit https://schenkwinesusa.com/.

Primo's boasts some of the quickest shipping times and highest customer service rates in the industry. The process is super simple: put some favorite varietals in the cart, check out with a few clicks and they arrive on the doorstep in 48 hours. For more information about Primo's, click here.

"It is with great enthusiasm that we bring our premium wines to the online retail sector for all our customers. We are truly happy that we can get our wines into the hands that treasure them the most," said Ruben Basantes, Marketing Director Schenk Wines USA.

Schenk Wines USA is part of the Schenk Family Estates, founded in Switzerland in 1893 and one of Europe's leading family-owned wine companies. With wineries and estates in Italy, Spain, France and Switzerland, along with distribution companies in Germany, Benelux, the UK and the USA, the Schenk Family Estates are involved in every aspect of the wine business from the vineyard to the final consumer.

The Schenk Family Estates are the fourth-largest family-owned wine group in Europe and are rapidly becoming a major player worldwide. This relationship provides great stability and a genuinely international outlook on the wine market.

For additional information on Schenk's partnership with Primo's, please contact Tom Claxton at 312-391-1446 or [email protected].

The Senate Appropriations Committee will vote on Aug. 11 whether to approve AB 1837 (author Mia Bonta, co-author Nancy Skinner), a law that advocates say has the potential to convert almost all foreclosed residential homes in California into rental units. According to ATTOM data, there were 12,800 foreclosure starts across the state of California in the first half of 2022, up 219% from last year[1].

"This is likely an unintended consequence that the bill authors didn't see," says Andre Chapple, Board Member of the National Diversity Coalition and Chief Executive of the African American Empowerment Coalition. "Instead of elevating people out of poverty, the new bill traps them in it." 

Background

AB 1837 revises the "Homes for Homeowners, Not Corporations" program (SB 1079), which became effective in 2021. The current law allows prospective homeowners and mission-oriented organizations a 'last look' to buy homes that go to foreclosure auction, which are usually purchased by corporations. The intention of the program is to recirculate homes to owner-occupants and first-time homebuyers.

But advocates say that the new bill does the opposite of promoting home ownership because it restricts the homes as 'affordable housing' for at least 30 years. New homeowners of these properties would still need to shell out down payments, take out mortgage loans and pay for all home repairs. But when they try to sell, owners would need to sell the home for roughly the same price that they bought it. Sellers could even end up "under water" (owing money at closing) to keep the property 'affordable' for the next homeowner if the economy goes into recession and average wages decrease. The average American moves 12 times in their lifetime, or roughly once every seven years[2].

According to Jack Miranda, Board Member of the National Diversity Coalition and Executive Director of the Jesse Miranda Center for Hispanic Leadership, "They may be called homeowners, but the law basically turns these properties into rentals without a landlord to replace the furnace when it breaks." He added, "We appreciate the intention to keep homes affordable, but we can't put the entire burden of fixing California's affordability crisis on the backs of our minority and low-income communities."

The new law has a loophole - prospective homeowners who can buy a home with cash are not subject to the affordability restriction.  Foreclosure sales require buyers to pay with all cash. According to the Federal Reserve Board's latest Study of Consumer Finances, the average American only has $5,300 of savings in their bank accounts[3], while the average California home cost $865,000 in June 2022, according to the California Association of Realtors[4].

About National Diversity Coalition

National Diversity Coalition is a 501c3 nonprofit advocacy organization that represents almost 3 million diverse and minority constituents across the state of California from San Francisco Bay area, Central Valley, Greater Los Angeles, and San Diego. 

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For more information, press only:

Prachi Kohli

650-952-0522

[email protected]

www.nationaldiversitycoalition.org

[1]https://www.attomdata.com/news/market-trends/foreclosures/attom-midyear-2022-u-s-foreclosure-market-report/

[2]https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20year/ 

[3]https://www.federalreserve.gov/econres/scfindex.htm
 

[4]https://www.car.org/en/marketdata/data/countysalesactivity/