Iris Dorbian

Otsuka to buy VC-backed Visterra for about $430 mln

Otsuka has agreed to acquire Visterra, a developer of antibody-based therapies for the treatment of patients with kidney diseases and other hard-to-treat diseases, for about $430 million in cash. The deal is expected to close in the third quarter of this year. Visterra is backed by Polaris Partners, Flagship Pioneering, the Bill and Melinda Gates Foundation, MRL Ventures Fund, Vertex Ventures HC, Serum Institute of India Private Ltd., Temasek Holdings, Omega Funds, Cycad Group, Lux Capital, Alleghany Financial Group Ventures, CTI Life Sciences Fund and Alexandria Equities.

Team management platform Monday.com inks $50 mln Series C

Tel Aviv and New York-based Monday.com, a team management platform, has raised $50 million in Series C funding. Stripes Group led the round with participation from return backers Insight Venture Partners and Entrée Capital.

DIRT Protocol grabs $3 mln seed

DIRT Protocol has raised $3 million in seed funding, according to a blog post. The investors included General Catalyst, Greylock, Lightspeed, Pantera Capital, Digital Currency Group and SV Angel. DIRT is a protocol for decentralized information gathering.

PactSafe lands $5.5 mln Series A

Indianapolis-based PactSafe, a cloud-based contracting platform, has closed $5.5 million in Series A funding. Mercury Fund and Signal Peak Ventures led the round with participation from Elevate Ventures and Vulpes Testudo.

Tamr scores $18 mln

Cambridge, Massachusetts and San Francisco-based Tamr Inc, a provider of data unification solutions, has secured $18 million in funding. The investors included SBI Investment, INTAGE Open Innovation Fund, Samsung Ventures, Fenox Venture Capital, Alumni Ventures Group, New Enterprise Associates and GV.

First Analysis wraps up thirteenth fund at $91 mln

First Analysis, a mid-stage venture firm, has closed its thirteenth fund at $91 million. First Analysis focuses on technology and healthcare investing.

Pegasus Solar attracts $10 mln Series A

Pegasus Solar, a maker of rooftop mounting systems for solar installations, has raised $10 million in Series A funding. Ecosystem Integrity Fund led the round with participation from other investors that included Okapi Capital.

Virtudent picks up $8 mln Series A

Virtudent, a provider of mobile dental clinics and tele-dentistry services for employers, has raised $8 million in Series A financing. The lead investor was .406 Ventures. Other participants in the round were SpringRock Ventures and The Sparta Group.

Long Hill Capital racks up over $252 mln for second fund

Long Hill Capital Venture Partners has raised over $252 million for its second fund, according to an SEC filing. The Shanghai-based firm invests in technology-enabled healthcare and consumer companies.

Lightspeed collects $750 mln for twelfth fund, also raises $1.05 bln for third select fund

Lightspeed Venture Partners has closed its twelfth fund at $750 million. Also, the early-stage venture firm has closed its third select fund at $1.05 billion. Fund XII will focus on the enterprise and consumer sectors while Select Fund III will complement the firm’s early-stage fund strategy with follow-on rounds in existing Lightspeed portfolio companies as well as make new investments in companies "that have demonstrated compelling product-market fit, strong fundamentals and scalability."