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Gains in venture performance lift University of California portfolio: VCJ

A maturing slice of the University of California’s venture portfolio is benefiting from the venture industry’s performance gains of the past year, according to affiliate magazine Venture Capital Journal. The majority of the 20 funds the university holds with vintages of 2003 to 2006 advanced smartly in 2013 and 17 now have positive IRRs.

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The RealReal nets $20.3 mln

According to a Form D SEC filing, The RealReal has raised $20.3 million in a targeted $31 million round. Based in San Francisco, The RealReal is a luxury resale site whose previous backers include InterWest Partners, Canaan Partners, e.ventures, Greycroft Partners, Novel TMT Ventures, Suzy Welch and Panarea Capital.

ShopKeep racks in $25 mln

ShopKeep has raised $25 million in Series C funding. Thayer Street Partners led the round with participation from Canaan Partners, Tribeca Venture Partners, TTV Capital, Contour Venture Partners, former Thomson Reuters CEO Tom Glocer and Matt Coffin, founder of LowerMyBills. Headquartered in New York City, ShopKeep is a provider of cloud-based point of sale software for managing retail shops and restaurants.

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Mithril leads Series C round for train travel platform SilverRail

SilverRail said Monday that it has closed $40 million in Series C funding. Mithril Capital Management led the round with participation from return backers Canaan Partners, Sutter Hill Ventures and Brook Ventures. In addition to the funding, Ajay Royan, co-founder of Mithril, will join SilverRail’s board of directors. SilverRail is a train travel platform.

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Distributions from Union Square and Spark spiked last year: VCJ

Distributions from Union Square Ventures’ debut 2004 fund and Spark Capital’s initial 2005 fund spiked last year, perhaps not surprisingly, according to a recent Washington State Investment Board portfolio report, affiliate magazine Venture Capital Journal says.

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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.

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