AAVIN

AAVIN is a private equity firm based in the Midwest, established in 1999, that focuses on equity and debt investments throughout the United States. The firm primarily targets late-stage and expansion-stage financing opportunities, investing in companies seeking less than $10 million, with many requesting under $5 million. AAVIN partners with strong management teams to foster business growth through internal development or acquisitions, emphasizing smaller investment opportunities. With a seasoned investment team boasting over 120 years of cumulative experience, AAVIN has a track record of investing in over 125 companies. The firm brings extensive expertise across various industries and plays an active role in supporting management teams in areas such as strategic planning, finance, marketing, and acquisition analysis, thereby adding significant value throughout the investment lifecycle.

Dan Gross

Associate Partner

Eric Hender

Senior Partner

Kirk E. Kaalberg

Senior Partner

Thies O. Kolln

Partner

Gina Milroy

CFO

Regina Milroy

CFO

Kevin F. Mullane

Partner

Paul D. Rhines

Senior Partner

David Schroder

Senior Partner

James Thorp

Managing Partner

6 past transactions

Celleration

Series D in 2008
Celleration Inc. develops and commercializes therapeutic ultrasound healing technologies in the United States. It offers MIST Therapy, a noncontact and low frequency ultrasound solution delivered through a saline mist to the wound bed. The company serves patients, medical professionals, and payers. Celleration Inc. was formerly known as Advanced Medical Applications, Inc. The company was founded in 1999 and is based in Eden Prairie, Minnesota. As of May 29, 2015, Celleration, Inc. operates as a subsidiary of Alliqua BioMedical, Inc.

Coolibar

Venture Round in 2005
Coolibar designs, manufactures, and markets sun protection products for men, women, and children. The company’s portfolio of products includes sun protective clothes, SPF clothing, sun hats, sun protection swimwear, sunglasses, umbrellas, and sunscreens. Coolibar was founded in 2001 by [John Barrow](https://www.crunchbase.com/person/john-barrow) and is based in Minneapolis, Minnesota.

WindLogics

Series B in 2004
WindLogics (formerly SSESCO) provides advanced wind analysis and forecasting services for wind energy developers, investors, bankers, operators and utilities by scientifically evaluating potential wind energy sites and forecasting and optimizing ongoing operations in real time. WindLogics is able to calculate 3D wind fields based on exclusive historic weather data archives and proven meteorological models adapted to wind power applications.

FENA Design

Venture Round in 2003
FENA Design is a tech-based design company. It designs and manufactures standing power mobility devices. The company offers Vertran, a power wheelchair that give the wheelchair bound the ability to stand and navigate through their home, office, or outdoors. The company was founded in 1992 and is headquartered in Plymouth, Minnesota.

Celleration

Series B in 2002
Celleration Inc. develops and commercializes therapeutic ultrasound healing technologies in the United States. It offers MIST Therapy, a noncontact and low frequency ultrasound solution delivered through a saline mist to the wound bed. The company serves patients, medical professionals, and payers. Celleration Inc. was formerly known as Advanced Medical Applications, Inc. The company was founded in 1999 and is based in Eden Prairie, Minnesota. As of May 29, 2015, Celleration, Inc. operates as a subsidiary of Alliqua BioMedical, Inc.

WindLogics

Series A in 2002
WindLogics (formerly SSESCO) provides advanced wind analysis and forecasting services for wind energy developers, investors, bankers, operators and utilities by scientifically evaluating potential wind energy sites and forecasting and optimizing ongoing operations in real time. WindLogics is able to calculate 3D wind fields based on exclusive historic weather data archives and proven meteorological models adapted to wind power applications.