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Deals of the day: Shape Security raises $40 million

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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February 25, 2014, 4:30 PM ET

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Venture Capital Deals

Thesan Pharmaceuticals, a San Diego-based developer of drugs for dermatological conditions, has raised $49 million in Series B funding. Novo Ventures led the round, and was joined by SV Life Sciences, Lundbeckfond Ventures and Novartis Venture Fund. www.thesanpharma.com

Shape Security, a Mountain View, Calif.-based cybersecurity company, has raised $40 million in Series C funding. Norwest Venture Partners led the round, and was joined by Sierra Ventures and return backers Kleiner Perkins Caufield & Byers, Venrock, Google Ventures, TomorrowVentures and Allegis Capital. www.shapesecurity.com

 

The Trade Desk Inc., a global demand-side platform, has raised $20 million in Series B funding.Hermes Growth Partners led the round, and was joined by return backer IA Ventures.www.thetradedesk.com

Quanttus, a Cambridge, Mass.-based developer of devices that measure and transmit a person’s vital signs, has raised $19 million in Series A funding from Khosla Ventures and Matrix Partners.www.quanttus.com

D.Light, a San Francisco-based maker and distributor of solar lighting and power products for the “developing world,” has raised $11 million in Series C funding. Return backers included DFJ, Omidyar Network, Nexus India Capital, Gray Ghost Ventures, Acumen Fund and Garage Technology Ventureswww.dlightdesign.com

Cheetah Medical, a Newton, Mass.-based developer of non-invasive hemodynamic monitoring solutions, has raised $9 million in new VC funding. Fletcher Spaght Ventures led the round, and was joined by Springfield Investment Management, MVM Life Science Partners, Robert Bosch Venture Capital and Ascension Health Ventures. www.cheetah-medical.com

Deliv, a Palo Alto, Calif.-based same-day delivery startup for mall-based retailers, has raised $4.5 million in new VC funding led by four mall operators: Macerich General Growth Properties, Simon Property Group and Westfield. Deliv previously raised $6.85 million from Upfront Ventures and RPM Ventures. www.deliv.co

CounterTack, a Waltham, Mass.-based provider of real-time endpoint threat detection, context and visibility around targeted attacks, has raised $3 million in new Series B funding from Siemens Venture Capital. The round total is now $15 million, including prior investments from such firms as Goldman Sachs, Fairhaven Capital. www.countertack.com

Casper, an online retailer of its own brand of mattresses, has raised $1.6 million in new VC funding.Lerer Ventures and Norwest Venture Partners led the round, and was joined by Crosslink Partners, Vaizra Investments and Correlation Ventures. www.caspersleep.com

Private Equity Deals

The Blackstone Group and The Carlyle Group each have offered to acquire Ipreo, a New York-based provider of market intelligence and productivity solutions to capital markets and corporate professionals, according to The FT. A sale could value Ipreo at nearly $800 million. The company is currently owned by Kohlberg Kravis Roberts & Co. www.ipreo.com

Clarity Software Solutions, a Madison, Conn.-based provider of on-demand document management and communications delivery solutions for the health insurance industry, has raised an undisclosed amount of growth equity funding from North Bridge. www.clarityssi.com

EQT Partners is in advanced talks to acquire Australian radiology company I-MED, with the deal expected to close by the end of June. Other investors in the buying consortium would include GIC and Caisse de dépôt et placement du Québec. No financial terms were disclosed. Current I-MED backers include Allegro Private Equity and Anchorage Capital Partners. www.i-med.com.au

Tempo Telecom LLC, a Kansas City–based provider of prepaid communications services, has raised an undisclosed amount of private equity funding from Birch Equity Partners. www.mytempo.com

IPOs

Dipexium Pharmaceuticals LLC, a New York-based developer of a topical antibiotic derived from the skin of the African clawed frog, has set its IPO terms to 2.3 million shares being offered at between $12 and $14 per share. It would have an initial market cap of around $100 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol DPRX, with Oppenheimer & Co. and Feltl & Co. serving as lead underwriters. www.dipexiumpharmaceuticals.com

 

Everyday Health Inc., a New York-based provider of online consumer health solutions, has filed for a $115 million IPO. It plans to trade on the NYSE under ticker symbol EVDY, with J.P. Morgan, Credit Suisse and Citigroup serving as lead underwriters. The company reports an $18 million net loss on around $156 million in revenue for 2013, compared to a $22 million net loss on $139 million in revenue for 2012. Everyday Health previously filed for an IPO in January 2010, before pulling the offering later that year. Shareholders include WF Holding (25.4% pre-IPO stake), Rho Ventures (25.4%), Scale Venture Partners (7.2%), Foundation Capital (5.2%) and NeoCarta Ventures (5.2%).www.everydayhealth.com

OTHER M&A

Chesapeake Energy Corp. (NYSE:

Minerals Technologies (NYSE: MTX) has increased its bid for Illinois-based specialty materials company AMCOL International Corp. (NYSE: ACO), from $42 per share to $42.50 per share. Earlier this month, AMCOL agreed to be acquired by France’s Imerys (Paris: NK) for $41 per share ($1.6 billion enterprise value). www.amcol.com

RF Micro Devices (Nasdaq: RFMD) of Greensboro, N.C. has agreed to merge with Hillsboro, Ore.-based chipmaker TriQuint Semiconductor (Nasdaq: TQMT). The combined company would generate more than $2 billion in annual revenue. Under terms of the agreement, RF shareholders would receive 1 share in the combined company for each of their shares, while TriQuint holders would receive 1.675 shares in the combined company. www.triquint.com

IBM (NYSE: IBM) has agreed to acquire Cloudant Inc., a a Boston-based provider of a distributed database-as-a-service. No financial terms were disclosed. Cloudant had raised around $15 million in VC funding from such firms as Devonshire Investors, Rackspace Hosting, In-Q-Tel, Avalon Ventures, Samsung Ventures and Toba Capital. www.cloudant.com

Monster Worldwide (NYSE: MWW) has acquired TalentBin, a San Mateo, Calif.-based technical recruitment platform that leveraged big data. No financial terms were disclosed. TalentBin had raised around $3 million in VC funding from Lightbank, New Enterprise Associates, Foundation Capital and Funders Club. www.talentbin.com

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