VC-backed Adaptive Insights hires new senior advisor

Adaptive Insights has tapped Ron Codd, former CFO of PeopleSoft, as a new investor and senior advisor. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. Adaptive Insights is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.

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InterWest Partners leads funding round for AdsNative

AdsNative has received funding in a round led by InterWest Partners. No financial terms were disclosed, although other outlets report the sum to be $2 million. Other investors that participated in the round were ONSET Ventures, Foundry Group Angel and KBS+ Ventures. Based in San Francisco, AdsNative is a native ads platform that helps publishers monetize their sites.

Gridstore closes $11 million Series B

Gridstore has closed its Series B funding round. The company raised $11 million in an oversubscribed round led by new investor, Acero Capital, and included participation from all of its current investors GGV Capital, Investec Ventures Ireland Limited, ONSET Ventures and some of the original angel investors.

BAROnova Closes Series C

trong>BAROnova has closed its Series C financing of $27.3 million, led by investments from Sante Ventures and Boston Scientific Corporation, an innovator of medical devices and technologies. Investors included Series B investors ONSET Ventures, Highland Capital Partners and Arboretum Ventures, along with new investor Lumira Capital. Financial terms were not disclosed.

Security Startup Nok Nok Labs Already Knocked on VCs’ Doors

Nok Nok Labs, which develops authentication technology for the cloud, came out of stealth today and launched its product and services. The venture-backed company was founded by CEO Phillip Dunkelberger, who previously launched encryption company PGP Corp. He founded Nok Nok in 2011 and raised a $15 million Series A round that same year from ONSET Ventures and DCM.

Gridstore Raises $12.5M From GGV, ONSET, Others

Gridstore said it raised $12.5 million in a Series A financing led by GGV Capital and ONSET Ventures. The financing was joined by all existing investors and brings the company’s total venture funding to $15 million. Gridstore will expand its sales efforts and accelerate product delivery.

Teleflex Acquires Hotspur Technologies

Teleflex, a provider of medical devices for critical care and surgery, has acquired Hotspur Technologies. Hotspur Technologies, based in Mountain View, CA, is a developer of innovative, catheter-based technologies aimed at restoring blood flow for patients with obstructed vessels. Prior to the acquisition by Teleflex, Hotspur was privately held. Investors included ONSET Ventures, Finistere Ventures, […]

Adara Media Raises $12.4M From August, Onset, Morgenthaler, Baseline

Adara Media Inc. said it raised $12.4 million in funding led by August Capital and joined by existing investors ONSET Ventures, Morgenthaler Ventures and Baseline Ventures. Adara Media said the money will help it improve its online marketing software and expand it into new verticals while investing in sales, marketing and operational resources. PRESS RELEASE […]

Uptake Medical Secures Funding

Uptake Medical has closed a Series C funding round. The round was led by Singapore-based Crescent Point Group, with existing investors, Maverick Capital, ONSET Ventures, GBS Venture Partners, WRF Capital, Arboretum Ventures and Affinity Capital, making additional investments. Uptake Medical is focused on the development and commercialization of innovative, non-surgical treatments for lung diseases. PRESS […]

CytoPherx Seals $34M

CytoPherx Inc., a developer of anti-inflammatory therapy for acute kidney injury, has raised $34 million in funding from Early Stage Partners, ONSET Ventures and Capital Midwest Fund. The money will be used to complete clinical trials and commercialize its therapy product. CytoPherx was founded in July 2007 and is based in Ann Arbor, Michigan.

Adaptive Planning Adds John Herr as C.E.O.

Mountain View, Calif.-based Adaptive Planning has named John Herr as its new chief executive. The company, which provides on-demand corporate performance management software, is backed by venture firms ONSET Ventures, Monitor Ventures, Cardinal Venture Capital and Clairmont Capital. Herr was most recently an executive-in-residence at Norwest Venture Partners. Earlier, he was president and CEO at EZ Shield, a technology-enabled services company. He has also worked as vice president and general manager at eBay and PayPal.

Valeritas Lands $150M Series C

Valeritas Inc., a Bridgewater, N.J.-based developer of drug delivery systems for the diabetes market, has raised $150 million in Series C financing. The funding will support commercialization of its V-Go disposable insulin delivery device. Welsh, Carson, Anderson & Stowe led the financing and assumes a controlling interest in Valeritas. Previous investors MPM Capital, Pitango Venture Capital, Abingworth Management, Advanced Technology Ventures, ONSET Ventures, HLM Venture Partners, Agate Medical Investments, CHL Medical Partners and Kaiser Permanente Ventures also participated.

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SingTel Innov8 leads $15M Round for Sentilla

Sentilla Corp., a maker of software to monitor and automate data center work loads, has raised $15 million in Series C financing. SingTel Innov8 Ventures, the corporate venture arm of the SingTel Group, led the round. Existing backers ONSET Ventures and Claremont Creek Ventures also participated in the round. The money will be used to expand sales and marketing efforts.

Nokia Siemens Networks Leads $14M for ClariPhy

Irvine, Calif.-based ClariPhy Communications Inc., a developer of signal processors for optical networking, has sealed $14 million in new funding, led by by Nokia Siemens Networks. The new money will help ClariPhy expand deployment of its system-on-a-chip, the company said in a release. ClariPhy is backed by a stable of prominent venture investors including Norwest Venture Partners, Allegis Capital, ONSET Ventures and Pacific General Partners. The company previously raised at least $44 million.

Neuronetics Nets $30M Series E

Neuronetics, the Pennsylvania-based maker of non-invasive, non-systemic treatments for depression, completed a $30 million Series E financing. New investors Polaris Venture Partners and Pfizer Venture Investments led the round and were joined by previous investors Investor Growth Capital, New Leaf Venture Partners, Interwest Partners, Three Arch Partners, Quaker BioVentures, and Onset Ventures.

Onset Ventures to Mail its Latest Holiday Card Today

It’s that time of the year again. Onset Ventures, the Menlo Park, Calif.-based VC firm, is set to mail out today its 16th annual holiday card. The handcrafted cards from the firm are known for their spoofing, and this year’s version is no different, as it pokes fun at Farmville and social gaming. Past Xmas […]

PacketMotion Adds $2.7M to Series C Round

PacketMotion has added $2.7 million in Series C financing, bringing its total raised in the round to $8.4 million. Reservoir Venture Partners led the round, with contributions from Athenian Venture Partners, Intel Capital, Mohr Davidow Ventures and Onset Ventures. Sunnyvale, Calif.-based PacketMotion will use the money to expand sales and marketing for its security platform, which helps companies meet compliance and audit requirements and mitigate network security threats.

Boston Scientific to Acquire Venture-Backed Sadra Medical

Boston Scientific, based in Natick, Mass., has announced plans to acquire Los Gatos, Calif.-based Sadra Medical, developer of an aortic valve replacement system, to gain entry into the emerging market of structural heart disease. Boston Scientific is paying $193 million in cash, plus additional potential milestone payments of up to $193 million. Sadra Medical is a seven-year-old […]

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