IDG Capital Partners, the corporate venturing unit of international research group IDG, has re-invested in China-based Fenbi Technology, an online education SNS platform operator. IDG Capital Partners was joined by new investor Matrix Partners China in the $7m series B round.

Cloud application marketplace and management platform AppDirect acquires peer Standing Cloud and raises $9m series B funding, led by iNovia and including Stingray Digital Group.

Broadband network equipment supplier Benu Networks raises $26.6m series B funding from investors including existing backer Comcast Ventures.

Intel Capital leads $14.3m financing for retail search exchange operator HookLogic.

RiverMeadow Software closes $12m series B funding from investors including Cisco and Violin Memory.

Log management service Loggly raises $10.5m series B investment, including from new investor Cisco.

Pharmaceutical company Acacia Pharma raises $23.5m series B financing led by Fidelity Biosciences and Novo A/S.

Google Ventures leads series B funds for Rani Therapeutics, developer of technology for converting injectable drugs into pills.