Deals of the day: Shape Security raises $40 million

To get deals in your inbox each morning, sign up for our Term Sheet newsletter

Thesan Pharmaceuticals, a San Diego-based developer of drugs for dermatological conditions, has raised $49 million in Series B funding. Novo Ventures led the round, and was joined by SV Life Sciences, Lundbeckfond Ventures and Novartis Venture Fund. www.thesanpharma.com

Shape Security, a Mountain View, Calif.-based cybersecurity company, has raised $40 million in Series C funding. Norwest Venture Partners led the MORE