Hong Kong - CTS Media, a Hong Kong-based provider of in-stream video advertising technology and services, announced on Wednesday that it has raised $8 million in its second round of venture capital financing, led by Disney's Steamboat Ventures.

Burlingame, Calif. - Limbo 41414, the developer of a Web and mobile entertainment product called the Limbo Auction, announced on Wednesday that it has raised $8 million in new financing, led by New Enterprise Associates.

San Francisco - Kyte.tv announced on Monday that it has raised an undisclosed sum of initial funding, and launched its service that allows users to create interactive TV shows and broadcast them on websites, blogs, social networks and mobile phones.