Friday, August 4, 2017

rfXcel Gets $30M From Kayne Partners

San Ramon, California-based rfXcel, a developer of supply software used to track regulatory compliance and to battle counterfeit pharmaceuticals, has raised $30M in funding from Los Angeles-based Kayne Partners. The Series B funding will go towards expanding rfXcel's geographical presence. Leon Chen of Kayne Partners joins rfXcel's board of directors as part of the funding. Kayne Partners is the growth private equity arm of Kayne Anderson Capital Advisors, L.P.