Venture Capital Update

Tiny Speck has raised $5 million in Series A funding from Accel Partners and was joined by Andreessen Horowitz. Tiny Speck is a San Francisco online gaming company. It previously raised $1.5 million in seed funding.

Velocity Financial Group, Inc. closed a $3 million growth capital facility to Reflexis Systems, Inc., a leading provider of solutions that help retailers turn strategy into action and increase sales. Reflexis is headquartered in Dedham, MA and is backed by FirstMark Capital.

The creator of the MMORPG (Massively Multiplayer Role Playing Game) Blue Mars raises $4.2 Million in VC fundings. Avatar Reality got the fundings from entertainment visionaryHenk Rogers - best known for introducing Tetris to the world and Honolulu based VC firm Kolohala Ventures.

The Trade Desk, an innovative online advertising exchange, has raised $2.5 million in a VC funding round co-led by Founders Collective and IA Venture Strategies. The Trade Desk is a new advertising company that promises to deliver new tools for online advertising.

BabyAge.com, Inc. ("BabyAge"), the U.S. premier online retailer of infant, toddler and juvenile products, announced that it has raised approximately $15 Million of fundings. The Fundings came from Alumni Capital Network and Brook Venture Partners. The fundings will be used by the company in their aggressive growth plans. As a part of their expansion, a new Board of Directors has been established comprised of: Walter Nollman (Chairman), Denise Kelly, and Elliott Wahle from ACN, Ned Williams from BVP and Jack Kiefer from BabyAge.

C$ cMoney, a fresh mobile technology company based in Houston, Texas, a received $15 million in funding from Kodiak Capital Group, LLC of New York City. T

The investment is for the expansion of the company and for the launching of C$ cMoney, an innovative mobile solution for the payment of goods and services while totally eliminating IDENTITY and CREDIT CARD THEFT.

KidZui, a provider of child-friendly Web browser, has raised $4 million in new VC funding. The funding was leaded by Mission Ventures and was joined by return backers First Round Capital, Emergence Capital Partners and Maveron LLC.
KidZui previously scored fundings from BestBuy, COmScore and DreamWorks totaling the funding now to $10 Million.

Seattle-based Avvo, the leading online legal directory, announced that it has raised $10 million in Series C financing, led by new investor DAG Ventures of Palo Alto, CA. Existing investors Benchmark Capital and Ignition Partners also participated in the round. The fundings will be used to help Avvo expand and enhance its online products. The company runs a free website that gives ratings of licensed attorneys in the U.S.

Xoom Corp., an international online money transfer service, has closed a $33.2 million round of funding from two giant venture capital firm who wanted to be confidential and two smaller firms namely Glynn Capital and C2 Capital.

The Series F funding brings to almost $90 million for Xoom which has been backed previously primarily by Sequoia Capital, New Enterprise Associates, Volition Capital, and DAG Ventures.

Panvidea, a top provider of video on-demand raised a $2 Million of series A funding. The new york based media distributor raised a $1 Million of funding before. The current funding was leaded by DFJ Gotham Ventures and followed by eValue, Wider Wake Network and fellow New York based Venture Capitalist NYC Seed.