Sausalito, Calif. - Federated Media, an online advertising network for blogs, has raised a third round of venture capital financing totaling between $40 million and $50 million, PEHub.com reports.

Quincy, Mass. - Modiv Media, a provider of online marketing technology, has raised $8 million in its second round of venture capital, led by current investors, including Ignition Partners, Oak Investment Partners and SeaPoint Ventures.

Seoul, South Korea - CDNetworks, a Korea-based provider of content delivery network services, announced that it has raised $96.5 million in new financing, led by Oak Investment Partners.

Los Angeles - Reunion.com, an online social network with 28 million users that targets adults who want to keep in touch with friends and family, announced on Monday that it has raised $25 million in a new round of venture capital financing, led by Oak Investment Partners.

Redmond, Wash. - Microsoft announced on Monday the launch of ZenZui, a spin-off from its research unit that has developed a mobile browser that makes it easier to access communications and entertainment applications.