Term Sheet

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

Venture capital deals

March 4, 2013: 10:49 AM ET

US HealthVest, a New York-based platform that will operate and acquire psychiatric care facilities, has raised $36 million in first-round funding. Polaris Partners and company CEO Richard Kresch co-led the round, and were joined by Fidelity Biosciences, Trevi Health Ventures, George Conrades (chairman of Akamai Technologies), Jonathan Bush (Athenahealth CEO) and Carl Byers (ex-CFO of Athenahealth). Richard Kresch previously led Ascend Health, a Polaris portfolio company that was acquired last year by Universal Health Services.www.polarispartners.com

FarFetch, a UK–based e-commerce marketplace for independent fashion boutiques, has raised $20 million in new VC funding. Condé Nast International was joined by return backers Advent Venture Partners, Index Ventures and e.ventures. www.farfetch.com

LockerDome, a St. Louis-based social media platform for connecting sports fans with teams and athletes, has raised $6 million in Series A funding. Cultivation Capital Growth Fund led the round, and was joined by William DeWitt III (St. Louis Cardinals president) and NHL player Chris Pronger.www.lockerdome.com

Pathbrite, a San Francisco-based "digital portfolio" startup, has raised $4 million in Series A-2 funding from return backers ACT and Rethink Education. The company previously raised $2.5 million.www.pathbrite.com

Stik
, a Detroit-based recommendation engine for local professionals that leverages the Facebook platform, has raised $2.3 million in Series A funding. Detroit Venture Partners and North Coast Technology Investors co-led the round, and were joined by Draper Associates, First Step Fund, MEDC and Automation Alley. www.stik.com

Terawatt Inc., a Salt Lake City-based residential solar energy company, has raised a "significant initial investment" from Sorenson Capital Partnerswww.terawatt-solar.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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