Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Venture capital deals

February 22, 2012: 10:01 AM ET

BioAmber Inc., a Minneapolis-based maker of bio-based succinic acid, has raised $30 million in Series C funding. Lanxess was joined by return backers Naxos Capital, Sofinnova Partners, Mitsui & Co. Ltd. and the Cliffton Group. The company currently is in registration for a $150 million IPO. www.bio-amber.com

Wheelz, a P2P car-sharing company targeting college campus communities, has raised $13.7 million in Series A funding. Zipcar Inc. led the round, and was joined by Fontinalis Partners. www.wheelz.com

Integrated Diagnostics (InDi), a Seattle-based developer of protein-catalyzed capture agents for use in in vivo molecular imaging and therapeutics, has secured $10 million in new Series A funding. The investment was triggered by the achievement of certain clinical milestones. Backers include InterWest Partners, The Wellcome Trust, BioTechCube and dievini Hopp BioTech Holding. www.integrated-diagnostics.com

nScaled, a San Francisco-based provider of recovery-as-a-service solutions, has raised $7 million in Series A funding from Almaz Capital and Doughty Hanson Technology Ventureswww.nscaled.com

Lumesis Inc., a Stamford, Conn.-based developer of data and robust analytical tools for the fixed income market, has raised $2.5 million in Series A funding. Safeguard Scientifics led the round, and was joined by NextStage Capital and angel Jim Ashton. www.lumesis.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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