Mill Valley, Calif. - Sparkplay Media, a developer of browser-based 3D multiplayer games, announced that it has raised $4.25 million in new financing, from Redpoint Ventures and Prism Ventureworks.

Los Angeles - The Daily Reel, an entertainment site that aggregates videos from a range of third-party sites, has raised seed financing in "the high six figures" from Prism VentureWorks, PaidContent reported.

Boston - RatePoint, the provider of a new, open system for rating websites and other online content, has raised $1 million in its first round of venture capital, led by Prism VentureWorks and .406 Ventures.

San Francisco - Kiptronic, a provider of ad-insertion technology for audio and video podcasts, plans to announce that it has raised $4 million in its first round of financing, led by Blueprint Ventures and Prism VentureWorks, NewTeeVee.com reported.