Onset Ventures

AdsNative, a modern ad stack for publishers, has secured $8.5 million in Series A funding. The investors were Rakuten Ventures, Interwest Partners and Onset Ventures.

Adaptive Insights has tapped Ron Codd, former CFO of PeopleSoft, as a new investor and senior advisor. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. Adaptive Insights is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.

Adaptive Planning said Tuesday it secured $45 million in venture funding led by Bessemer Venture Partners. Existing investors ONSET Ventures, Norwest Venture Partners (NVP), RBC Venture Partners, Cardinal Venture Capital, and Monitor Ventures also participated. Mountain View, Calif.-based Adaptive Planning provides cloud-based business analytics solutions for companies and nonprofits.

Nok Nok Labs, a Silicon Valley startup that is developing technology to help companies quickly validate the identities of their users over the Internet, said on Tuesday that it has raised $15 million in early financing from ONSET Ventures and Doll Capital Management, Reuters reported. The firm, which was founded in November 2011, is collaborating with companies including Ebay Inc.'s PayPal electronic payment division, PC maker Lenovo Group Ltd. and semiconductor maker Infineon Technologies AG to establish standards to help businesses quickly authenticate a person's identity from mobile phones, PCs and any other device that is connected to the Web.

Nok Nok Labs, which develops authentication technology for the cloud, came out of stealth today and launched its product and services. The venture-backed company was founded by CEO Phillip Dunkelberger, who previously launched encryption company PGP Corp. He founded Nok Nok in 2011 and raised a $15 million Series A round that same year from ONSET Ventures and DCM.

The Menlo Park early-stage venture investor’s seventh investment vehicle will focus on information and medical technology-based startups.

Gridstore said it raised $12.5 million in a Series A financing led by GGV Capital and ONSET Ventures. The financing was joined by all existing investors and brings the company's total venture funding to $15 million. Gridstore will expand its sales efforts and accelerate product delivery.

CytoPherx Inc., a developer of anti-inflammatory therapy for acute kidney injury, has raised $34 million in funding from Early Stage Partners, ONSET Ventures and Capital Midwest Fund. The money will be used to complete clinical trials and commercialize its therapy product. CytoPherx was founded in July 2007 and is based in Ann Arbor, Michigan.

Information Venture Partners is seeing a lucrative payday with the US$1.55 billion sale of a Silicon Valley business-planning software provider. Adaptive Insights, backed by Information VP for more than a decade, was sold this week to Workday. The deal gave the Toronto venture firm about 10x its investment, a person with knowledge of the matter told PE Hub Canada. Information VP declined comment. Adaptive is one of several major liquidity events Information VP completed in recent months.

Neuronetics, a medical device company, has gone public after pricing its IPO of 5.5 million shares at $17 per share. The stock began trading on the NASDAQ under the ticker symbol "STIM." Piper Jaffray & Co. and William Blair & Company LLC are the lead underwriters. Neuronetics' pre-IPO backers included Ascension Ventures, Accuitive Medical Ventures, GE Ventures, Interwest Partners, New Leaf Venture Partners, Onset Ventures, Polaris Venture Partners and Three Arch Partners.

Malvern, Pennsylvania-based Neuronetics, a medical device company focused on improving the quality of life for patients who suffer from psychiatric disorders, has filed for an IPO. Neuronetics will trade the stock on the NASDAQ under the ticker symbol "STIM." Piper Jaffray & Co and William Blair & Company are serving as the lead underwriters. The investors included Ascension Ventures, Accuitive Medical Ventures, GE Ventures, Interwest Partners, New Leaf Venture Partners, Onset Ventures, Polaris Venture Partners and Three Arch Partners.

Boston Scientific Corp has agreed to acquire Campbell-California-based medical device firm Apama Medical Inc for $300 million, which includes $175 million in cash upfront. Apama's backers included Ascension Ventures, Medvance Incubator Partners, ONSET Ventures and Incept.