Term Sheet

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

Venture capital deals

February 13, 2013: 10:27 AM ET

On Deck, a tech platform for making loans to small and medium-sized businesses, has raised $42 million in Series D funding. Institutional Venture Partners led the round, and was joined by return backers RRE Ventures, SAP Ventures and First Round Capital. www.ondeckcapital.com

Cylance, a Newport Beach, Calif.-based cyber-security startup founded by ex-McAfee CTO Stuart McClure, has raised $15 million in new VC funding co-led by Khosla Ventures and Fairhaven Capital.www.cylance.com

Infinio, a Cambridge, Mass.-based virtual storage performance startup, has raised $10 million in Series A funding from Highland Capital Partners and Bessemer Venture Partners. The company previously raised $2 million in seed funding from Lightspeed Venture Partners, Founder Collective, the NYC Seed Fund and individual angels. www.infinio.com

Persado, a New York-based developer of marketing persuasion software, has raised $15 million in Series A funding led by Bain Capital Ventures. The round has helped Persado spin out from Upstreeam Systems. www.persado.com

Verve Mobile, an Encinitas, Calif.-based mobile advertising platform for national and local media, has raised $14 million in third-round VC funding. Nokia Growth Partners and Qualcomm Ventures were joined by return backer BlueRun Ventures. www.vervemobile.com

Storenvy, a San Francisco-based custom storefront builder and social marketplace, has raised $5 million in Series A funding. Intel Capital and Spark Capital co-led the round, and were joined by First Round Capital. www.Storenvy.com

DriveCam Inc.
, a San Diego-based provider of solutions for reducing commercial fleet accidents and improving fuel consumption, has raised an undisclosed amount of strategic funding from Volvo Group Venture Capitalwww.drivecam.com

Morta Security, a Palo Alto, Calif.-based cyber-security startup, has raised an undisclosed amount of first-round funding. Backers include Andreessen Horowitz, Greylock Partners, Norwest Venture Partners, Data Collective, Larry Link and Peter Wagner. www.mortasecurity.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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