Term Sheet

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

Venture capital deals

January 29, 2013: 9:44 AM ET

DataGravity, a Nashua, N.H.-based startup that seeks to simplify and automate big data for small and mid-sized enterprises, has raised $30 million in Series B funding. Andreessen Horowitz led the round, and was joined by return backers Charles River Ventures and General Catalyst Partners. Peter Levine of Andreessen Horowitz will join the DataGravity board of directors. The company's founding team includes Paula Long (EqualLogic co-founder) and John Joseph (ex-VP of marketing and product management at EqualLogic). EqualLogic was acquired by Dell in 2007 for $1.4 billion, which is the largest cash acquisition ever of a VC-backed company. DataGravity plans to launch its product sometime in 2014. www.datagravity.com

Houzz, a Palo Alto, Calif.-based online platform for home remodelling and design, has raised $35 million in Series C funding. New Enterprise Associates and GGV Capital co-led the round, and were joined by Comcast Ventures, Kleiner Perkins Caufield & Byers, David Sacks and return backer Sequoia Capital. www.houzz.com

NewVoiceMedia, a UK-based provider of cloud contact center services, has raised $20 million in new VC funding. Highland Capital Partners Europe and MMC Ventures co-led the round, and were joined by return backers Notion Capital and Eden Ventures. www.newvoicemedia.com

Oceans Healthcare, Louisiana's largest provider of psychiatric facilities for geriatric patients, has raised $17 million in growth equity funding from General Catalyst Partners. Charlie Baker, a General Catalyst entrepreneur-in-residence who used to be CEO of Harvard Pilgrim Healthcare, will join the Oceans Healthcare board as chairman. www.ohcg.info

WatchDox, a Palo Alto, Calif.-based provider of enterprise document management solutions, has raised $12 million in new VC funding. Millennium Technology Value Partners led the round, and was joined by return backers Blackstone Group, Gemini Israel Funds, Shasta Ventures and Schlomo Kramer. The company previously raised $23 million. www.watchdox.com

Convercent, a Denver-based maker of compliance software, has raised $10.2 million in new private funding. Azure Capital Partners and Mantucket Capital co-led the round, and were joined by City National Bank. www.convercent.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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