Cebix Inc., a La Jolla, Calif.-based developer of treatments for diabetes complications, has raised $30.9 million in Series B funding. Return backers include InterWest, Sofinnova Ventures and Thomas, McNerney & Partners. The company also named Joel Martin, former CEO of Altair Therapeutics, as president and CEO. www.cebix.com
7digital, a London-based provider of white-label digital music services, has raised $10 million in VC funding from a pair of listed technology companies (specific identities were not disclosed).www.7digital.com
Neurovance Inc., a Cambridge, Mass.-based developer of drugs for CNS disorders like adult attention deficit hyperactivity disorder, has raised $7 million in Series A-1 funding led by existing backer Novartis Venture Fund. www.neurovance.com
Selectable Media, a New York-based provider of advertising viewability and monetization solutions for brands, has raised $2 million in Series A funding from Avalon Ventures. www.selectablemedia.com
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