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.


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 […]

Vindicia Adds $20 Million in Series E Funding

Belmont, Calif.-based Vindicia has raised $20 million in venture capital financing. New investor FTV Capital led the Series E round, which included participation from existing investors Bertelsmann Digital Media Investments, DCM and Onset Ventures. Vindicia, which develops on-demand billing technology, has raised a total of more than $41 million. As a result of the latest funding, FTV Capital Partner Eric Byunn joins Vindicia’s board. FTV Capital has offices in San Francisco and New York.

VCs Are Mildly More Optimistic

The newest Silicon Valley Venture Capitalist Confidence Index is out, and based on a survey of 37 Bay Area VCs, investors are feeling slightly more confident about their industry than they did in the second quarter. Some of the brighter trends, said the VCs, include increasing exit opportunities that are improving the financial metrics of […]

CA Technologies to Acquire Venture-Backed Arcot Systems

Publicly traded security company CA Technologies is acquiring venture-backed Arcot Systems in an all-cash transaction for $200 million. Arcot, which makes authentication and fraud prevention software, has raised $92.3 million over its 13-year history, according to Thomson Reuters data. Its investors include Onset Ventures, Accel Partners, and Invesco Private Capital, among others. CA Technologies (NASDAQ:CA) […]

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