Iris Dorbian
ADVANCE Medical said Wednesday that it has closed $20 million in financing. New investors Aberdare Ventures and Arboretum Ventures participated in the round as did existing investors Venrock and Jose Bonchristiano. Also, the company has inked an agreement to acquire Brazil-based Imunotech Sistemas Diagnosticos, a distributor of laboratory and medical equipment. No financial terms were disclosed for this transaction. With facilities in Brazil and Mexico, ADVANCE Medical is a distributor of medical devices, diagnostics and laboratory equipment.
Aisle411 said Wednesday that it has raised $6.3 million in Series A financing. The lead investor was Cultivation Capital. Google’s Don Dodge, Plug & Play Ventures, the St. Louis Arch Angels, the Billiken Angels and the Springfield Angel Network also participated in the round. As a result of the funding, Dodge will serve as official advisor to aisle411 while Cultivation Capital's Rick Holton, Jr. and Dean VandeKamp join the company's board of directors. Headquartered in St. Louis, Missouri, aisle411 is a retail product location platform.
IZotope said Wednesday that it has received $12 million from ABS Capital Partners. According to the company, the funds will be used for product development, market expansion and sales/marketing initiatives. In conjunction with the financing, ABS Capital general partner Laura Witt and Dean Goodermote, a former CEO of an ABS Capital portfolio company, join iZotope's board of directors. Based in Cambridge, Mass., iZotope is a provider of audio technology.
RLJ Credit Opportunity Fund, a subsidiary of The RLJ Companies, has made an investment in Pivotal 5. No financial terms were disclosed. Headquartered in Chicago, Pivotal 5 is a provider of wellness and handheld fitness products.
Silicor Materials has closed $6 million in funding from existing investor Hudson Clean Energy Partners. According to the company, the capital will be used for growth. Also, the company has hired Robert W. Baird & Co. to help with its next capital raise. Silicor Materials, which is backed by Advanced Technology Ventures, Globespan Capital Partners, Good Energies and Ventures West, is a provider of solar silicon and aluminum by-products.
CoreDial said Wednesday that it has received a $1.5 million loan from Silicon Valley Bank. The funds will be used for product development and to expand the company's client base. Based in Blue Bell, Penn., CoreDial is a provider of cloud communications software and services.
Check (formerly Pageonce) said Wednesday that it has closed $24 million in Series C financing. The lead investor was Menlo Ventures. Existing investors Morgenthaler Ventures and Pitango Venture Capital also participated in the round. In addition to the news about funding, Menlo Ventures’ Doug Carlisle joins Check’s board and Avery More, founder and former CEO of CompuCom, joins as an independent board member. Check is a provider of mobile payment solutions.
Otonomy said Wednesday that it has raised $45.9 million in Series C financing. The lead investor was OrbiMed Advisors. New investors Aperture Venture Partners and Osage University Partners also participated in the round as did existing investors Avalon Ventures, Domain Associates, Novo Ventures, RiverVest Venture Partners and TPG Biotech. In conjunction with the financing, OrbiMed's Chau Q. Khuong joins Otonomy's board of directors. Based in San Diego, Calif., Otonomy is a biopharmaceutical company that develops treatments for ear disorders and diseases.
CommonBond said Wednesday it has closed over $100 million in financing. The lead investor was Tribeca Venture Partners. Other investors included The Social + Capital Partnership, former Citigroup CEO Vikram Pandit, former Thomson Reuters CEO Thomas Glocer, and former Barclays senior executive Tom Kalaris. Based in Brooklyn, NY, CommonBond is a student lending platform.
KeyLemon has closed a Series A investment, which a company spokesperson confirms to be at $1.5 million. The lead investors were Debiopharm Investment, a unit of the Debiopharm Group and Swisscom Ventures. Based in Switzerland, KeyLemon is a provider of face recognition software.