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Kit Check rakes in $12 mln Series B

Washington, D.C.-based Kit Check, a provider of hospital pharmacy kit processing and medication tracking software, has secured $12 million in Series B funding. Kaiser Permanente Ventures led the round with participation from other investors that included Rex Health Ventures. In addition to the funding, Dave Schulte, vice president and senior managing director of Kaiser Permanente Ventures, has been appointed to Kit Check’s board of directors.

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Phononic grabs $44.5 mln Series D

Phononic has closed $44.5 million in Series D funding. Eastwood Capital Corp and the Wellcome Trust led the round with participation from WLR China Energy Infrastructure Fund, Tsing Capital, Venrock, Oak Investment Partners and Rex Health Ventures. Headquartered in Research Triangle Park, North Carolina, Phononic is a provider of solid state thermal management solutions.

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