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Deals of the day: Pure Storage raises $225 million

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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April 23, 2014, 3:27 PM ET
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Venture Capital Deals

Pure Storage, a Mountain View, Calif.-based all-flash enterprise storage array company, has raised $225 million in Series F funding at a pre-money valuation north of $3 billion. Wellington Management was joined by return backers T. Rowe Price, Tiger Global, Greylock Partners, Index Ventures, Redpoint Ventures and Sutter Hill Ventures. The company has now raised $470 million in total VC funding. www.purestorage.com

Delivery Hero, a Berlin-based online food ordering and delivery platform, has raised $85 million in Series F funding led by a “$6 billion global investment fund.” The company previously raised around $200 million, including an $88 million Series E round in early 2013 from Insight Venture Partners, Phenomen Ventures, Kite Ventures and Kreos Capital. www.deliveryhero.com

Weebly, a San Francisco-based platform for building personal or commercial websites, has raised $35 million in new VC funding at a $455 million valuation from Tencent and Sequoia Capital. www.weebly.com

Guardant Health, a Redwood City, Calif.-based developer of cancer diagnostic technologies, has raised over $30 million in Series B funding. Khosla Ventures led the round, and was joined by Pejman Mar Ventures and return backer Sequoia Capital. www.guardanthealth.com

Kala Pharmaceuticals Inc., a Waltham, Mass.-based developer of ophthalmic products based on a mucus-penetrating particle platform technology, has raised $22.5 million in Series B funding. Ysios Capitalled the round, and was joined by an undisclosed new strategic investor and return backers Crown Venture Fund, Lux Capital, Polaris Partners and Third Rock Ventures. www.kalarx.com

Aerpio Therapeutics Inc., a Cincinnati-based developer of therapies for vascular diseases, has raised $22 million in new VC funding. OrbiMed Advisors led the round, and was joined by return backers Novartis Venture Funds, Satter Investment Management, Kearny Venture Partners, Venture Investors, Triathlon Medical Ventures and Athenian Venture Partners. www.aerpio.com

InVisage Technologies Inc., a Menlo Park, Calif.-based maker of image sensors, has raised $18 million in new VC funding. Backers include GGV Capital, Nokia Growth Partners, RockPort Capital, InterWest Partners, Intel Capital and OnPoint Technologies. The company now has raised more than $100 million in total VC funding. www.invisageinc.com

Declara, a Palo Alto, Calif.-based developer of technologies for personalized learning, has raised $16 million in Series A funding. GSV Capital led the round, and was joined by Data Collective, Founders Fund and Catamount Ventures. www.declara.com

Sentinel Labs, a Palo Alto, Calif.-based cyber-security startup , has raised $12 million in new VC funding.Tiger Global led the round, and was joined by The Westly Group and return backers Accel Partners, Data Collective and Granite Hill Capital Partners. www.sentinel-labs.com

Piqora, a San Mateo, Calif.-based provider of marketing and analytics for visual social networks like Instagram and Pinterest, has raised $7.7 million in Series A funding. DFJ led the round, and was joined by Freestyle Capital, Baseline Ventures, Lazerow Ventures, Firebolt Ventures and Altos Ventures.www.piqora.com

Yerdle, a San Francisco-based online store for giving away (and receiving) secondhand items, has raised $5 million in Series A funding. Backers include The Westly Group, Claremont Creek Ventures, Mindful Investors, DBL Investors and Prelude Trust. www.yerdle.com

Codasip, a Czech Republic-based development environment for application processor developers, has raised $2.8 million in new VC funding led by Credo Ventures. www.codasip.com

Private Equity Deals

Akasakatei, a Teppanyaki, BBQ and Japanese-cuisine restaurant chain in China, has raised $10 million in equity funding led by ClearVue Partners. www.cvpcap.com

Apollo Global Management
 has agreed to acquire Inglewood, Calif.-based Event Rentals Inc. via a bankruptcy auction. No financial terms were disclosed. www.ClassicPartyRentals.com

The Blackstone Group
 has completed its acquisition of more than an 80% stake in Accuvant Inc., a Denver-based cybersecurity company, from Sverica International (which will retain a minority equity stake). No financial terms were disclosed, but the WSJ previously reported a transaction value of approximately $150 million. www.accuvant.com

Blue Point Capital Partners
 has sponsored a recapitalization of Ortholite, an Amherst, Mass.–based supplier of comfort insoles and related shoe components. No financial terms were disclosed. BB&T Capital Markets advised Ortholite on the deal. www.ortholite.us

Northwestern Mutual Life Insurance Co. is expecting several bids for asset manager Russell Investments, according to Reuters. CIBC is among the likely suitors for all or part of Russell, as are two private equity groups: CVC Capital Partners with Silver Lake, and Warburg Pincus with TPG Capital. A sale of the entire business could net $3 billion. www.russell.com

Olympus Partners has agreed to acquire Pregis Corporation North America, a Deerfield, Ill.–based maker of protective packaging materials and systems, from AEA Investors. No financial terms were disclosed for the deal, which is expected to close by the end of next month. www.pregis.com

 

IPOs

Bawag PSK Bank AG, Austria’s fourth-largest bank, is talking with underwriters about a possible IPO, according to Bloomberg. Bawag is backed by Cerberus Capital Management and GoldenTree Asset Management. www.bawagpsk.com

K2M Group Holdings Inc.
, a Leesburg, Va.-based developer of medical devices for spinal surgeries, has set its IPO terms to 8.825 million shares being offered at between $16 and $18 per share. It would have an initial market cap of approximately $630 million, were it to price in the middle of its range. The company  plans to trade on the Nasdaq under ticker symbol KTWO, with Piper Jaffray, Barclays and Wells Fargo serving as lead underwriters. K2M reports a $32 million net loss on around $158 million in revenue for 2013, compared to a $38 million net loss on $135 million in revenue for 2012. Shareholders include Welsh, Carson, Anderson & Stowe (81.8% pre-IPO stake) and Ferrer Freeman & Co. (8.5%). www.k2m.com

Orion Engineered Carbons
, a German producer of carbon black, has filed for a $300 million IPO. It plans to trade on the NYSE, with Morgan Stanley and Goldman Sachs serving as lead underwriters. Shareholders include Rhone Investors (41.05% pre-IPO stake), Triton Investors (41.05%) and ADIA(10.04%). www.orioncarbons.com

M&A

Hubbell Inc. (NYSE: HUB) has acquired Litecontrol Corp., a Plympton, Mass.–based maker of architectural interior lighting fixtures. No financial terms were disclosed. www.litecontrol.com

The Gores Group is expecting first-round bids this Friday for Sage Automotive Interiors, a Greenville, S.C.-based maker of automotive bodycloth and headliners for OEMs, according to peHUB. The deal could be valued at around $300 million, with Nomura managing the process. www.sageautomotiveinteriors.com

HCA Holdings
 (NYSE: HCA) is considering a takeover offer for Australian hospital operator Healthscope Ltd., according to Bloomberg. Healthscope is currently owned by The Carlyle Group and TPG Capital, and is expected to be valued at around US$5 billion in either a sale or IPO. Last month, the WSJ reported that Malaysia’s IHH Healthcare was considering a takeover offer. www.healthscope.com.au 

Stericycle Inc.
 (Nasdaq: SRCL) has acquired PSC Environmental Service, a Houston-based provider of recycling, industrial cleaning and environmental services, from Lindsay Goldberg LLC for approximately $275 million. www.pscnow.com

Sign up for Dan Primack’s daily email newsletter on deals and deal-makers: GetTermSheet.com

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