A Maveron-led second funding round of $3.3 million has recently been raised by Kwedit - the new, ground-breaking 'alternate payment product,' which is akin to a credit system, for purchasing social games and other 'virtual' goods.

The San-Francisco-based startup TripIt, the 'intelligent' travel organizer that helps travelers manage their plans to ensure a smooth trip, recently raised $7 million in a third funding round; led by new investor Azure Capital Partners, along with O'Reilly AlphaTech Ventures, which also participated in the company's earlier two funding rounds.

A $4.4 million investment from Redpoint Ventures has been received by the 2008-founded fast-growing publishing platform 'Posterous' - a company that regularly releases new products; one of the most recent ones being Post. ly, which allows users to share media on their Twitter account.

In a new funding round led by Menlo Ventures and Balderton Capital, an amount of $9.5 million has been raised by the music blogging network MOG, which recently introduced an all-encompassing streaming service.

The recent analysis reveals that the 2009 Q4 numbers are in and they proved beneficial for companies looking to get acquired or go public in 2010. In addition, corporate buyers invested in the fourth quarter, and tech IPOs are performing well.

A whopping $40 Million has been raised in new funding by the popular Chinese video websites Youku. com, which is also the country's largest site of the segment, and the development is being as a sign pointing to the confidence that the medium will continue to grow throughout China, as firms move further away from "user-generated videos" for which they were once famous.

Kai-fu Lee, Google Inc.'s departed head of China operations, announced on Sunday that he would run his own business that would invest in Chinese technology start-ups. Kai-fu Lee confirmed his plan to launch the business on his twitter page, saying he would establish a firm with more than $117.1 million of funds.

According to a Forbes magazine report, Asia's richest man, Li Ka-Shing has supposedly made a $50 million investment to acquire a minority stake in the online streaming music service, Spotify, which is looking at global expansion and is likely to offer more premium services.

Two Netscape veterans - founder Marc Andreessen, and his longtime business associate and Netscape co-founder Ben Horowitz - have launched a new venture capital fund on Monday, and have named it Andreessen Horowitz. The new fund will support the next generation of new technologies.

In a new venture capital funding led by Mayfield Fund, Nokeena Networks, the industry's leading media infrastructure solution, has raised $6.5 million, thereby resulting in a total $15 million funding for the company. Existing and strategic investors also participated in the latest funding round.