In New York, anyone can get involved in the tech scene. There's just one requirement: You have to passionately love the Internet and its seemingly infinite possibilities. In the last...

Read More: Raise Cache: One party in NYC raises over $100,000 for local hackers

MicroVentures, an online p2p investment service that aims to give accredited investors access to funding deals they might otherwise never see, has raised a $300,000 fund to invest in Facebook through the purchase of private company shares on secondary markets.

Bill Clark, founder and CEO of MicroVentures, says it took about 10 minutes for investors to commit $40,000 to the fund in the first ten minutes after the investment was made available on the crowdfunding site, which speaks volumes about [...]

Read More: MicroVentures Raises $300,000 Fund To Invest In Facebook On Secondary Markets

Twitvid, the popular online video sharing service that lets you post videos to Twitter and Facebook, announced this week that they raised $6.5 million of series B funding, led by Azure Capital Partners with participation from existing investor Draper Fisher Jurvetson.  The money will be used to help TwitVid expand and to build out their existing product offering.


Read More: Twitvid Raises $6.5 Million, Succeeds Where Others Failed

One of the leading providers of enterprise social networks received $17 million in its fourth round of funding. That brings the total financing of Yammer to $57 million. The Social+Capital Partnership, a new fund established by former Facebook Vice President Chamath Palihapitiya, led the round with previous investors Charles River Ventures, Emergence Capital and U.S. Palihapitiya will have an observer’s seat on Yammer's board of directors.


Read More: Yammer Raises $17 Million as Former VP Facebook Palihapitiya Joins the Board

European social media is humming with Ebuzzing ad platform. The company has raised $25 million in a second round of funding to kick its expansion across Europe.Based in Luxembourg with 160 people in offices across Europe, Ebuzzing connects users to branded video content via social media. The company was formerly called Wikio Group and has reached about 28.5 million unique visitors in July through its own resources. Those resources include the No. 1 European blogging platform — OverBlog. Wh [...]

Read More: Ebuzzing Raises $25m to Help Seed Video Ads Into Social Media