Venture capital deals

June 7, 2012, 5:48 PM UTC

Fanatics Inc., a Jacksonville, Fla.-based online retailer of licensed sports merchandise, has raised $150 million in private equity funding at around a $1.5 billion post-money valuation. Insight Venture Partnersled the round with a $125 million investment, while Andreessen Horowitz chipped in the other $25 million. Fanatics also secured a $75 million line of credit from Bank of America. Fanatics remains majority-owned by Kynetic, whose other assets include Rue La La and ShopRunner.www.fanatics.com

PhaseBio Pharmaceuticals Inc., a Morrisville, N.C.-based drug company whose lead candidates are aimed at Type 2 diabetes and hypertension, has raised $23.4 million in new Series B funding. The round total is now $48.4 million, including a $25 million first close in December 2009. Investors include New Enterprise Associates, Astellas Venture Management, Johnson & Johnson Development Corp., Hatteras Venture Partners and Fletcher Spaght Ventures. www.phasebio.com

Quixey, a Palo Alto, Calif.-based app search startup, has raised $20 million in Series B funding. New backers Atlantic Bridge Capital, SK Telecom Ventures and TransLink Capital were joined by return backers U.S. Venture Partners, WI Harper Group and Innovation Endeavors. www.quixey.com

Wattpad, an online community of readers and writers, has raised $17.3 million in Series B funding.Khosla Ventures led the round, and was joined by Jerry Yang and return backers Union Square Ventures and Golden Venture Partners. www.wattpad.com

Nexage, a Boston-based mobile advertising exchange, has raised $10 million in Series B funding.SingTel Innov8 led the round, and was joined by return backers GrandBanks Capital and Relay Ventures. www.nexage.com

Gumhouse, a Santa Monica, Calif.-based stealth startup led by Brian Lee (co-founder of LegamZoom, Honest Co. and Shoedazzle), has raised over $6 million in funding from Polaris Venture Partners and Science Inc. Read more.

CareInSync Corp., a provider of real-time mobile care collaboration software in the care transition market, has raised $1.6 million in Series A equity and debt funding led by HealthTec Capital.www.careinsync.com

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