Term Sheet

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

Venture capital deals

January 9, 2013: 10:19 AM ET

Digital Lumens, a Boston-based developer of intelligent LED lighting systems, has raised $10 million in new VC funding from return backers Black Coral Capital, Flybridge Capital Partners and Stata Ventures. www.digitallumens.com

PureCars, a Charleston, S.C.-based provider of "value reports" for automotive consumers, has raised $5 million in new VC funding from Gemini Investors and Stage 1 Ventures. www.purecars.com

SPR Therapeutics
, a Cleveland-based developer of a peripheral nerve stimulation therapy platform, has raised $5 million in Series A funding. Backers include NDI Healthcare Fund, Public Square Partners and individual angels. www.sprtherapeutics.com

Iconnix Software Corp., an Austin, Texas-based provider of sales performance and incentive compensation management solutions, has raised $4.5 million in Series B funding from Ballast Point Ventures. www.iconnixsoftware.com

Kitsy Lane, a Maynard, Mass.-based social commerce platform for at-home entrepreneurs, has raised $3.5 million in Series A funding. Data Point Capital and Longworth Venture Partners co-led the round, and were joined by return backer Point Judith Capital. www.kitsylane.com

Hortau Inc., Quebec City-based maker of edge irrigation management technologies, has raised C$3 million in VC funding from Avrio Capital. www.hortau.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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