Term Sheet

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

Venture capital deals

November 1, 2013: 11:16 AM ET

Svelte Medical Systems, a New Providence, N.J.-based developer of coronary stent platforms, has raised $22 million in new VC funding. New Science Ventures and CNF Investments co-led the round, which brings the company's total funding to $65 million. www.sveltemedical.com

Kumu Networks, a Palo Alto, Calif.-based developer of technology that can double the capacity of wireless networks, has raised $15 million in Series B funding. Third Point Ventures led the round, and was joined by return backers NEA and Khosla Ventures. www.kumunetworks.com

CENTRI Technology, a Seattle–based provider of mobile bandwidth optimization and bandwidth management solutions, has raised $13 million in Series C funding from firms like Angel Valkyrie.www.centritechnology.com

Spartz Inc., a Chicago-based provider of digital media publishing services, has raised $8 million in Series A funding from Garland Capital Groupwww.spartzmedia.com

TabTale, an Israeli maker of interactive books, games and education apps for children, has raised $12 million in new VC funding from Qualcomm Ventures and return backer Magma Venture Partners. Vintage Investment Ventures also participated. www.tabtale.com

PathoGenetix Inc., a Woburn, Mass.-based developer of an automated system for rapid bacterial identification, has raised $10 million in Series C funding. Return backers were Ascension Health Ventures, Excel Venture Management and HealthCare Ventures. www.pathogenetix.com

Circle
, a Boston-based developer of digital currency acceptance tools for merchants, has raised $9 million in Series A funding from Accel Partners, Jim Breyer and General Catalyst Partners. Circle is founded by Jeremy Allaire, whose past companies include Brightcove (Nasdaq: BCOV) and Allaire Corp (sold to Macromedia). www.circle.com

Runnable
, a Palo Alto, Calif.-based "centralized location for finding code," has raised $2 million in seed funding. Sierra Ventures led the round, and was joined by Resolute.VC and individual angels.www.runnable.com

Alector LLC, a San Francisco-based developer of therapeutics for Alzheimer's disease and other neurodegenerative disorders, has raised an undisclosed amount of Series A funding co-led by Polaris Partners and OrbiMed Advisors. www.alector.com

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About This Author
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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