CloudPay said it raised $16 million in a Series B round of financing from Pinnacle Investment Partners, Rho Ventures and other institutional investors. CloudPay has collected more than $50 million in equity funding since it launched its cloud offering, named CloudPay.

TOTSY has closed $18.5 million in Series B round of financing. Existing investor Rho Ventures lead the round while DFJ Gotham participated. New York-based TOTSY offers deals on products for moms and kids. PRESS RELEASE TOTSY (www.TOTSY.com), a leading private sale site exclusively dedicated to delivering deals on must-haves for parents, babies and kids, announced [...]

Vidyo, Inc. said it raised a Series D round of funding in a deal led by QuestMark Partners and joined by Juniper Networks and existing investors Menlo Ventures, Rho Ventures, Star Ventures, and Four Rivers Group. Terms of the investment were not released. Vidyo has raised $97M to date. PRESS RELEASE Juniper Networks’ Junos Innovation [...]

Travora Media, a travel media information company has acquired The Nile Project, a San Francisco-based company with a portfolio of three websites: NileGuide, 10Best, and Localyte and mobile apps focused on providing local expertise to travelers. Terms of the acquisition were not disclosed. Headquartered in New York City, Travora has received funding from Rho Ventures, [...]

SolarBridge Technologies said Wednesday that Craig Lawrence, Ph.D., has joined the company as VP of marketing. SolarBridge investors include Rho Ventures, Battery Ventures and the Texas Emerging Technology Fund. Austin-based SolarBridge develops module-integrated microinverters for the solar industry. PRESS RELEASE SolarBridge Technologies (SolarBridge), a leading provider of PV microinverter solutions, today announced that Craig Lawrence, [...]

Eye-popping late-stage rounds that went to a handful of smart grid companies from 2008 to 2010 have been replaced with smaller fundings, but VCs say that’s no reason to get down on the space. If big strategics keep helping VCs rack up billion-dollar exits, expect cash to keep flowing and growing into smart grid startups. [...]

GetGlue said in a blog post it closed a $12 million round of financing led by Rho Ventures and joined by existing investors TimeWarner Investments, RRE Ventures, and Union Square Ventures. The social TV company also said it reached the 2 million user milestone and saw more than 100 million check-ins in 2011. BLOG POST [...]

Mobile ad network Tapjoy Inc. has formed an advisory board. The board consists of Peter Yared, chief technology officer of CBS Interactive; Bernardo Hernandez, head of emerging products at Google; Razorfish CMO Jeff Lanctot; Arjun Sethi, CEO of LOLapps; GameStop director Shane Kim; Jim Elms, lead of global strategy and insights at UM; Matt Ocko, managing director of Archimedes Capital; and Tom Moss, chief executive of 3LM. San Francisco-based Tapjoy is backed by J.P.Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures.

Profit margins for television are shrinking as traditional players are losing control of their content. Print? Fuggedaboutit. So where are VCs bullish in the media biz? Well, online of course. At Business Insider’s New York Ignition event, groups of VC pros offered varying viewpoints on how to capitalize the best on content. Make it cheap, [...]

Patersons, a maker of cloud-based payroll delivery platform, has closed a $6.45 million mezzanine financing round led by Rho Ventures. The money will be used to expand Patersons’ platform, and for other growth efforts, the company said.