Cambridge, Mass. - Brightcove, the provider of an Internet TV distribution platform, announced on Thursday the launch of a new Japanese subsidiary, which has received $4.9 million in backing from its parent company along with Dentsu, J-Stream, Transcosmos and Cyber Communications.

Beijing - WangYou Media, a Web hosting service for blogs, video and other content in China, has raised $6.12 million in its second round of funding, PEHub.com reported, citing a regulatory filing.

San Francisco - Donnerwood Media, an online entertainment company whose products include 3D avatar-building software, has raised $5.4 million in its third round of venture capital financing, from Battery Ventures and Transcosmos, PEHub.com reported, citing a regulatory filing.

Boca Raton, Fla. - Multiply, an online social network, has raised $16.6 million in its second round of venture capital financing, led by VantagePoint Venture Partners.

San Francisco - BuzzLogic, a provider of social network analysis software for marketers, announced that it has raised $9.6 million in its first round of venture capital financing.