Luisa Beltran
ORIX Venture Finance has made an equity investment in Kemp Technologies alongside Edison Ventures and Kennet Partners. peHUB reported in January that Kemp had raised $16 million in new funding, which included $7.5 million from Edison Ventures. Kemp makes server load balancer appliances.
Polaris Venture Partners has invested $4 million in Aria Retirement Solutions. Aria Retirement, a provider of guaranteed retirement income services, will use the funds to expand its tech platform for independent RIAs.
Dillard's has led a $5 million round of growth financing for Acumen Brands. Dillard's invested $4 million in Series B preferred stock while existing investors existing investors Noro-Moseley Partners, BLH Venture Partners, the Gravity Fund and the Arkansas Risk Capital Matching Fund also participated. Acument, of Fayetteville, Ark., operates twelve online retailers.
Hercules Technology Growth Capital said Wednesday that it has completed the sale of BÂRRX Medical to Covidien. The deal, announced in November, was valued at about $325 million. Hercules, in connection with the sale, expects to realize a net gain of approximately $2.2-$2.3 million in first quarter 2012 and to fully repay Hercules' loan to BÂRRX Medical. This represents an IRR of about 33% Hercules' investment in BÂRRX, which provides products and technology to Barrett's esophagus syndrome.
Physio-Control, a provider of emergency medical response technology, has closed its sale to Bain Capital. The deal, announced on Nov. 17, is valued at about $487 million. Brian Webster, Physio-Control's former president, was named CEO.
Bain Capital Ventures has raised $600 million for its fifth fund.
Marketing for Bain Capital Ventures Fund 2012 LP was relatively short. Fundraising began in November and closed last week, says Mike Krupka, a BCV managing director. About $600 million came from the LPs, while Bain general partners kicked in another $60 million, Krupka says. San Francisco Employees' Retirement System is a new LP for fund V, which also saw long-time investor State Teachers Retirement System of Ohio re-up.
Lookingglass Cyber Solutions said Monday that it has raised $5 million in funding. The Series A round was led by Alsop Louie Partners while Vital Financial also participated. Lookingglass, of Baltimore, Md., is a security software company.
CincyTech has invested $200,000 in Choremonster. The investment is part of a $350,000 seed-stage funding round led by CincyTech with participation by private angel investors. CincyTech has also committed an additional $300,000. Choremonster is a Web-based service and mobile app that lets parents and children interact to complete chores.
Checkpoint Surgical has raised $3 million. This includes a $1.7 million series B investment round led by NDI Healthcare Fund. The neurodevice firm also secured non-dilutive funding of over $1.3 million, including a $1.065 million Innovation Ohio loan and a $245,000 federal grant.
IGLOO Software said Thursday that it has raised $5 million in series B financing with RBC Venture Partners leading the round. Ontario Emerging Technologies Fund also participated. IGLOO provides social business software in the cloud.