SOASTA is a cloud-based testing company that has raised $12 million in funding led by The Entrepreneurs’ Fund. Canaan Partners, Formative Ventures, and Pelion Venture Partners have participated in this round of funding. Now SOASTA has raised a total of $33 million.

Kabam is a massively multiplayer social gaming company based in California. Kabam used to be named Watercooler and they have raised $30 million in Series C funding. The Series C was led by Redpoint Ventures and Intel Capital with participation from Canaan Partners. Kabam launched in 2006 and they plan to use the funding to expand their gaming studio. Below is the full press release:

Private equity firm Silver Lake is known for their investments in Skype and other technology companies. Now Silver Lake has invested an undisclosed amount in PrimeSense Inc. PrimeSense is the company responsible for designing some of the components that went into the Microsoft Kinect. Microsoft has shipped about 8 million Kinects thus far.

Inhale Digital is a company that offers daily deals on online games and virtual goods. Inhale Digital is based in New York and they have raised $1.1 million from several investors, including Canaan Partners. Inhale Digital is integrating their offers into Facebook, which allows people on the social network to sign up for deals and discover new games.

LiveU has raised an $11 million Series C round of funding. LiveU is known for streaming wireless live video from a backpack device. LiveU has a low cost option for HD video streaming that broadcasts directly from a website, TV, or a device. Pitango Venture Capital, Carmel Ventures, and Canaan Partners are the three investors in this round of funding.

Blip.tv has closed on a $10.1 million third round in funding led by Canaan Partners. Bain Capital also participated in this round of funding. Blip.tv started in 2005 and plans to use the new round of funding to accelerate growth and expand content services. Blip.tv has about 44,000 indie video producers that use the service and distributes about 50,000 original web shows. Blip.tv receives about 90 million video views per month. [MediaPost]

Lending Club has raised $24.5 million in Series C funding from Foundation Capital, Morgenthaler Ventures, Norwest Venture Partners, and Canaan Partners.  The company now has a total of $52.7 million in funding.  The additional funding will be used to advance their existing platform which allows lenders and borrowers to avoid the middleman (banks) for investing among peers.  This round of funding will also be used for launching new products, marketing, and improving customer service. [PRNewsWire]

TweetPhoto, a competitor of TwitPic and a company that encourages you to share pictures over Twitter has raised $2.6 million in Series A.  The lead investor was Canaan Partners.  Additional investment was provided by Anthem Venture Partners, Qualcomm, Tim Kelly, Frank Asaro, Shane Brisbane, and Jack Corrao.