VMTurbo said it raised Series C funding in a deal led by Globespan Capital. VMTurbo’s funding now totals $25 million. The company had raised a $10 million of Series B in 2011 and at that point had $17.5 million in total funding, according to news reports at the time. This suggests the current round is $7.5 million. VMTurbo didn’t provide details. Existing investors include Bain Capital Ventures and Highland Capital Partners.

Booker, formerly GramercyOne, said it raised $27.5 million in Series B funding in a deal led by Bain Capital Ventures and joined by existing investors Revolution Ventures, Grotech Ventures, TDF Ventures, and Vital Financial. The company will use this money to scale its product and sales staffs.

Ottawa-based BTI Systems Inc. has named software industry veteran Tod Nielsen to the company’s board of directors. Nielsen recently helped establish the EMC/VMware spin-off Pivotal Initiative. Prior to that he was with VMware, Borland and Microsoft. BTI, a provider of intelligent networking software and systems, has been venture-backed since 2000. Its investors include Bain Capital Ventures, BDC Venture Capital, Covington Funds, Export Development Canada, GrowthWorks and Kodiak Venture Partners.

AppNeta Inc., a provider of cloud-delivered services for IT performance management, has raised US$16 million in Series C funding. The round was jointly led by existing Canadian and US investors Bain Capital Ventures, BDC Venture Capital, Egan-Managed Capital and JMI Equity. AppNeta, which has offices in Vancouver and Boston, has been a venture-backed company since its original seed-stage financing in June, 2000.

Bain Capital Ventures‘ portfolio company, ABILITY® Network has entered into an agreement to merge with Stamford, CT-based IVANS, a provider of secure insurance data communication services. Ability has also entered into an agreement to sell the property and casualty business of IVANS to Applied Systems, a provider of insurance software. ABILITY and Applied Systems are portfolio companies of Bain Capital Ventures and Bain Capital, respectively.

BTI Systems Inc., an Ottawa-based networking systems and software company, secured US$10 million in new growth funding. The deal was led by existing investor Bain Capital Ventures, with the participation of BDC Venture Capital, Covington Funds and GrowthWorks.  BTI, which has raised more than US$33 million from venture capital firms since the first quarter of 2011, also announced the expansion of the company’s presence with a new office in Palo Alto, California.

Catch up on the latest private equity and venture capital-related links after the weekend which give us the lowdown on Battery Ventures’ most recent fund performance; the latest Asian private equity news and what is boosting OMERS’ returns.

Persado said it raised $15 million of Series A funding in a deal led by Bain Capital Ventures. The company will use the money to expand sales and marketing efforts, increase R&D and establish a headquarters in New York City.

Billtrust, an 11-year-old outsourced billing company based in Hamilton, N.J., has merged with Best Practice Systems, an Engelwood, Colo.-based billing company. Terms of the deal were not disclosed, but notably, Billtrust raised a $25 million round from Bain Capital Ventures last November with an eye toward acquiring “one to two” companies per year, as Billtrust CEO Flint Lane told peHUB at the time.

Billtrust may be in the unglamorous business of outsourced bill processing, but Bain Capital Ventures finds it so irresistible, it’s provided the company with $25 million in funding.