New York-based online shop and gadget developer Quirky scooped up USD79 million in a Series D funding round to be used for building more strange connected devices.

Bitcasa Inc., a cloud storage company based in California, raised USD11 million in its venture round funding. Bitcasa has raised USD19.5 million since it's launch in September 2011.

Andreesen Horowitz, the venture-capital firm Marc Andreesen, sold 2.28 million of its Facebook shares.

The third quarter report of Dow Jones Venture Source showed a rise in venture capital activity in the technology sector.

Andreessen Horowitz heads fundraising for Dwolla worth US$16.5 million. According to Reuters, Venture Beat reported that Andreessen Horowitz, headed the third funding round for Dwolla.

Kenneth Coleman joins Andreessen Horrowitz roster of advisers. Andreessen Horowitz, the venture capital firm has engaged the veteran expertise of Kenneth Coleman as one of its adviser on roster.

Meteor Development Group today announced $11.2 million in funding led by Andreessen Horowitz. Meteor Development Group, the company behind the Meteor open-source project, which produces a platform for building software applications, today announced $11.

Software-services company GitHub has raised $100 million in a round led by venture-capital firm Andreessen Horowitz.

Expands to New York and Boston; Adds Jeff Jordan to Board of Directors Belly, a rapidly-growing start-up that is effectively redefining customer loyalty for small businesses, announced today that it has received a $10 million Series B round of venture capital financing from Andreessen Horowitz.