Automattic, the company behind the WordPress blogging platform, has raised $160 million in a Series C funding round, valuing the company at a reported $1.16 billion.  The...

Open source e-commerce platform Spree Commerce has raised $5 million in Series A funding led by Thrive Capital. Vegas Tech Fund (led by Tony Hsieh, CEO of Zappos.com), Red Swan Ventures, and existing investors True Ventures and AOL Ventures also participated in the investment.

Electronic cash transaction network PayNearMe has closed a $20 million round of financing led by GSV Capital. August Capital, Khosla Ventures, Maveron and True Ventures also participated in the round. PayNearMe says it will use the funds to continue expansion into existing categories, while launching into new vertical markets.

Soundhawk, a startup working on a wearable device that promises to enhance the wearer's ability of hearing, has secured a total investment of $5.7...

Littlebits has raised a $11 million Series B round of funding. The investment was led by True Ventures and Foundry Group. Other participants in...