Term Sheet

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

Venture capital deals

September 24, 2013: 11:46 AM ET

Flipboard, a Palo Alto, Calif.-based social reading magazine for tablets, has raised $50 million in new VC funding at around an $800 million valuation. AllThingsD first reported the news, which Fortune has since confirmed. Rizvi Traverse Management and Goldman Sachs co-led the round, and was joined by return backers like Insight Venture Partners (taking more than its pro rata), Kleiner Perkins Caufield & Byers and Index Ventures. www.flipboard.com

Practice Fusion, a San Francisco–based free electric medical records platform, has raised $70 million in Series D funding. Kleiner Perkins Caufield & Byers led the round, and was joined by OrbiMed Advisors, Deerfield Management Company and return backers like Artis Ventures. Practice Fusion previously raised around $64 million from Artis, Morgenthaler Ventures, Felicis Ventures, Band of Angels, Glynn Capital, Founders Fund, SV Angel and Barton Asset Management.www.practicefusion.com

UniversityNow, a San Francisco-based post-secondary education company with two accredited universities, has raised $19 million in Series C funding. Bertelsmann SE & Co. and First Analysis Corp. co-led the round, and were joined by return backers University Ventures, Novak Biddle Venture Partners, Kapor Capital, and Bronze Investments. The company has now raised a total of $42 million.www.unow.com

NGdata, a San Francisco-based provider of customer intelligence management solutions, has raised $3.3 million in new VC funding. Capricorn Venture Partners led the round, and was joined by return backer Sniper Investments. www.ngdata.com

SimilarGroup, an Israel-based provider of online traffic measurement tools, has raised $3.5 million in new Series B funding from individual angels. www.similargroup.com

Synthace, a London-based applied synthetic biology startup, has raised £1.3 million in seed funding led by Sofinnova Partners' Green Seed Fund. www.Synthace.com

AIQ Inc., a Clifton, N.J.-based provider of financial advisor directories and related information services, has raised an undisclosed amount of equity funding from the Stonehenge Growth Equity Innovate NY Fundwww.AdviceIQ.com

Black House & Co. LLC, a Boston-based provider of a co-working space for startups and independent professionals, has raised an undisclosed amount of funding from Beamonte Investments.www.beamonteinvestments.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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