San Francisco - Rocket Paper Scissors, a developer of entertainment websites aimed at kids, has raised $1 million in new financing, PEHub.com reported, citing a regulatory filing.

New York - Online video ad network Tremor Media has received an undisclosed amount of new funding from the European Founders Fund, PEHub.com reported.

New York - Buddy Media, a developer of social media applications, announced on Wednesday that it has raised a $6.5 million second round of financing, led by Softbank Capital.

Palo Alto, Calif. - Online social network Facebook has received a "significant" investment from German Internet entrepreneurs the Samwer brothers, Reuters reports. "We are going to support the expansion of Facebook in Europe ... We know the online space in Europe extremely well," Alexander Samwer told Reuters.

Palo Alto, Calif. - LinkedIn, an online social network focused on business networking, announced on Monday that it has raised $12.8 million in its third round of venture capital financing, led by Bessemer Venture Partners and European Founders Fund.