CytomX grabs $20 mln Series C

Biotech firm CytomX has received $20 million in Series C financing. Pfizer Venture Investments led the round with participation from previous backers Third Rock Ventures, Canaan Partners and the Roche Venture Fund. In addition to the funding, Dr. Elaine Jones, executive director of venture capital at Pfizer Venture Investments, has been added to CytomX’s board of directors. Her appointment becomes effective January 15, 2015.

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Grocery delivery startup Instacart bags $210 mln

According to an SEC filing, Instacart, an on-demand grocery service, has raised $210 million in a targeted $220 million funding round. A company spokesperson declined to add further information. Last June, Instacart received $44 million in Series B funding. Andreessen Horowitz led the round with participation from previous backers Sequoia Capital, Khosla Ventures and Canaan Partners.

 

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Tiger Global raises $2.5 bln venture fund

Tiger Global Management nearly doubled the amount of venture capital raised this quarter by unveiling a $2.5 billion fund in a document filed Friday with the Securities and Exchange Commission.

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VC-backed LendingClub sets IPO pricing terms

According to an SEC filing, LendingClub Corp. has priced 57.7 million shares of its IPO at between $10 and $12 a share. The stock will trade on the NYSE under the ticker symbol “LC.” Morgan Stanley, Goldman Sachs, Credit Suisse and Citigroup are the lead underwriters. Based in San Francisco, LendingClub is a peer-to-peer lending marketplace. Its backers include Norwest Venture Partners, Canaan Partners, Foundation Capital, KPCB and Morgenthaler Venture Partners.

 

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CompStak rakes in $4.4 mln

New York City-based CompStak, a marketplace for commercial real estate data, has secured $4.4 million in funding. Canaan Partners led the round with participation from other investors that included dmgi, Expansion VC and Rubenstein Partners.

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AdNear scores $19 mln

Singapore-based AdNear, a location intelligence firm, has received $19 million in funding. The investors were Telstra Ventures, Global Brain, Sequoia Capital and Canaan Partners. Also, Mark Sherman, managing director at Telstra Ventures, has been added to AdNear’s board of directors.

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Warburg Pincus backs India-based CarTrade.com

India-based auto classifieds platform CarTrade.com has secured Rs 185 crores in funding. Warburg Pincus led the round with participation from previous backers Canaan Partners and Tiger Global.

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Growth equity an eclectic mix at Hawaii ERS: VCJ

The growth equity portfolio at the Hawaii Employees’ Retirement System is an eclectic mix of small-scale later stage funds and massive multi-billion capital pools with a broad, balanced approach. Results are reasonably good.

Aldea Pharmaceuticals snags $24 mln Series B

Aldea Pharmaceuticals said Monday that it has received $24 million in Series B financing. The investors included RusnanoMedInvest, WuXi PharmaTech Corporate Ventures, Canaan Partners and Correlation Ventures. Based in Redwood City, Calif., Aldea is focused on developing treatments for aldehyde metabolism disorders.

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Dermira fetches $51 mln Series C

Dermira, a Redwood City, Calif-based maker of medical dermatology products, has closed $51 million in Series C financing. The investors included Bay City Capital, New Enterprise Associates, Canaan Partners, UCB S.A., Apple Tree Partners, Aisling Capital, Rock Springs Capital and Sabby Capital. Leerink Partners was the placement agent for the financing. In addition to the funding, Dermira has named Andrew Guggenhime as chief operating officer and chief financial officer; Christine Conroy as senior vice president of regulatory affairs; and Christine Ring as vice president of legal. It has also appointed David E. Cohen, Matthew Fust, Mark McDade and William Ringo to its board of directors.

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