Term Sheet

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

Venture capital deals

November 6, 2012: 10:08 AM ET

Ambit Biosciences, a San Diego-based kinase drug discovery and development company, has secured $50 million in new venture capital commitments (first $25m already called down). OrbiMed Advisors led the round, and was joined by fellow return backers Aisling Capital, Apposite Healthcare, Roche Ventures, GrowthWorks, MedImmune Ventures, Forward Ventures, GIMV and Radius Ventures. Ambit last year withdrew an $86.25 million IPO registration. www.ambitbio.com

Metamark Genetics Inc., a Cambridge, Mass.-based molecular diagnostics company focused on cancer, has raised $13 million in new Series B funding. No investor information was disclosed. www.metamarkgenetics.com

OrderGroove
, a New York-based provider of subscription and membership commerce solutions, has raised $6.7 million in Series B funding. Fung Capital led the round, and was joined by return backers Lerer Ventures, Legend and SWaN Ventures, Allegro Venture Partners and Bee Partners. www.ordergroove.com

Spooky Cool Labs
, a Chicago-based developer of mobile and social games, has raised an undisclosed amount of minority equity funding from Hearst Corp. www.spookycool.com

Ziarco, a UK-based developer of therapeutics for inflammatory and allergic diseases, has raised an undisclosed amount of Series A funding. Biotechnology Value Fund led the round, and was joined by Pfizer Venture Investments. http://www.ziarcopharma.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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