Term Sheet

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

Venture capital deals

November 16, 2012: 10:07 AM ET

Intarcia Therapeutics Inc., a Hayward, Calif.-based developer of drug therapies for diseases that require long-term chronic treatment, has secured $160 million in new VC funding. It also added $50 million from a private debt placement. The Baupost Group, LLC, Farallon Capital Management were joined by return backers New Enterprise Associates, New Leaf Venture Partners and Venrock, www.intarcia.com

Zulily, a Seattle-based flash sales site for kids and moms, has raised $85 million in new VC funding led by Andreessen Horowitz. Read more.

OptiMedica Corp., a Sunnyvale, Calif.-based developer of a laser system for cataract surgery, has raised $35 million in growth equity funding. Return backers included Kleiner Perkins Caufield & Byers, Alloy Ventures, DAG Ventures, BlackRock Private Equity Partners and Bio*One Capital. www.optimedica.com

Innovent Biologics Inc.
, a Chinese developer of monoclonal antibodies, has raised $25 million in Series B funding. Lilly Asia Ventures led the round, and was joined by return backers Fidelity Biosciences and Fidelity Growth Partners Asia. www.innoventbio.com

Activate Networks Inc., a Newton, Mass.-based provider of network analytics for business, has raised $10 million in Series B funding. Reed Elsevier Ventures led the round, and was joined by Premier Healthcare Alliance and return backer Excel Venture Management. www.activatenetworks.net

Spindle Labs Inc.
, a social content discovery app, has raised $2.3 million in VC funding from Polaris Venture Parnters, Greylock Partners, Lerer Ventures, SV Angel, Atlas Venture, Broad Beach Ventures, Project 11, Ray Ozzie and Raman Narayanan. www.spindle.com

Cignifi, a Cambridge, Mass.-based provider of mobile financial products to the global unbanked, has raised an undisclosed amount of Series A funding led by Omidyar Network. www.cignifi.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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