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Canaan Partners leads Series B round for crowdfunding platform CircleUp

Equity-based crowdfunding platform CircleUp said Wednesday that it has raised $14 million in Series B funding. Canaan Partners led the round with participation from Google Ventures, Union Square Ventures, Maveron and Rose Park Advisors. According to the firm, the capital infusion will be used for product and data analytics. In addition to the funding, Dan Ciporin of Canaan will join CircleUp’s board.

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Top 10 posts of the week

Trending on peHUB this week: Expa, Harvard, Richard Hall, Garrett Camp, CalPERS, OMERS, Bregal Partners, CalSTRS, Canaan Partners, TPG, Carlyle, Peter Dolan, fundraising, recruiting and breaking into private equity.

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Top 10 posts of the week

Trending on peHUB this week: CalPERS, OMERS, JP Morgan Chase, Russell Investments, HGGC, MassPRIM, Cambridge, TPG Capital, dry powder, VC returns, PE jobs and direct investing.

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VC-backed Kabam buys Phoenix Age

Kabam, which is backed by Canaan Partners, Redpoint Ventures and Pinnacle Ventures, has acquired Phoenix Age. No financial terms were disclosed. Based in San Francisco, Phoenix Age is a game studio.

Luxury Resale Site The RealReal Raises $14M

The RealReal, a San Francisco-based luxury resale site, has raised a $14 million Series B round led by InterWest Partners. The round also included existing investors Canaan Partners, e.ventures, Greycroft Partners, Novel TMT Ventures, Panarea Capital and individual investors Suzy Welch and Sukhinder Singh Cassidy.

Novira Therapeutics Completes Series A Financing

Novira Therapeutics has completed a Series A financing after securing $7.5 million from new investor Versant Ventures. This brings the total raised from all investors in the round to $25 million. Versant joins 5AM Ventures and Canaan Partners, which led the first closing of the Series A in August 2012.

ShopKeep POS Inks $10m in New Funding

ShopKeep POS has closed a Series B funding round of $10 million led by Canaan Partners. Tribeca Venture Partners and TTV Capital, who co-led the company’s $2.2 million Series A funding earlier this year, also participated in the round.

UrbanSitter Closes Series A led by Canaan Partners

UrbanSitter, an online service for parents and sitters to connect through people they know, has closed a $6 million Series A round of funding. The round was led by Canaan Partners with participation from existing investors First Round Capital, Menlo Ventures, Rustic Canyon Partners and several angels.

Canaan Backs Online Lender Borro; GP Dan Ciporin Joins Board

Borro, which operates a secured asset lending site, has raised $26 million in a funding round led by Canaan Partners and including Ribbit Capital. The company, which was launched in London four years ago and has operated out of New York since January, previously raised about $20 million from European investors. As part of the funding, Canaan General Partner Dan Ciporin has joined the board.

Xirrus Closes Series Funding on $23.5m

Xirrus, a Wi-Fi device maker based in Thousand Oaks, Calif, has closed a $23.5 million Series E financing round. The funding was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, and US Venture Partners.

SenSage Backers Take it on the Chin

SenSage’s deal, where the data and analytics company was announced to be selling to KEYW Corp. for a maximum price of $34.5 million—providing targets are achieved—might be hailed as a win in some circles, but, according to Thomson Reuters data, the exit in fact has some VCs getting kicked in the IRR.

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