Term Sheet

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

Venture capital deals

October 5, 2012: 10:19 AM ET

Pearl.com (f.k.a. JustAnswer), a San Francisco-based Q&A site focused on expert answers to user questions, has raised $25.7 million in Series B funding. Return backers Glynn Capital and Charles Schwab (the individual) co-led the round, and were joined by Crosslink Capital. The company announced a $25 million Series A round just four months ago and, at the time, said that it had generated over $100 million in revenue over the past year. www.pearl.com

Barracuda Networks In, a Campbell, Calif.-based provider of content security, data protection, and application delivery solutions, has raised $130 million in new funding via a recap from existing shareholders Francisco Partners and Sequoia Capital. In addition, the company declared a $0.96 per share dividend to shareholders.

D-Wave Systems Inc., a Canadian quantum computing startup, has raised $30 million in VC funding from Bezos Expeditions and In-Q-Tel. www.dwavesys.com

Tactile Systems Technology Inc.
, a Minneapolis-based provider of at-home lymphedema treatments, has raised $10.4 million in Series B funding. Radius Ventures led the round, and was joined by Galen Partners. www.tactilesystems.com

GnuBIO, a Cambridge, Mass.-based developer of DNA sequencing systems, has raised $10 million in Series B funding. No investor information was disclosed. www.gnubio.com

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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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