With the recent all-cash sale of one of its portfolio companies, a venture capital firm in Madison says it’s returning money to Wisconsin investors.

Brazen Technologies Inc., a recruiting event management software firm founded in Wisconsin, was recently acquired by New York-based talent acquisition software firm Radancy. The terms of the deal weren’t publicly disclosed.

Madison-based Kegonsa Capital Partners LLC was the first investor in Brazen, Kegonsa managing director Ken Johnson said. It invested in Brazen from its Kegonsa Seed Fund and earned returns of around two-and-a-half to three times its initial investment, he said.

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