Tony Fadell designed the hardware for the iPod and he was the head of the iPod and iPhone division before he left his VP post to spend more time with his wife and kids. His family spent a year in Paris and then moved back to the U.S. While in Paris, Fadell decided what he wanted to do next: build a new high-tech thermostat.

BankSimple has announced $10 million in funding led by IA Ventures and previous investor Shasta Ventures. This is BankSimple’s Series B round of funding. The company previously raised $3.1 million in their Series A round. The company’s seed investors include IA Ventures, First Round Capital, SV Angel, Village Ventures, etc. That is not the only thing that the company had announced. They also made some partnerships.

Movieclips.com is an online movie clips search engine website that launched in 2009. It has over 20,000 different clips across libraries from 20th Century Fox, MGM, Paramount, Sony Pictures, Warner Bros. Pictures, and Universal Pictures. Miniclips has raised $7 million in funding led by MK Capital. Shasta Ventures, First Round Capital, Richmond Park Partners, Jeff Clavier, Naval Ravikant, Jeff Kearl, Tom McInerney, Allen DeBevoise and Gordon Rubenstein also participated in this round.

LiquidSpace is a mobile application company that helps people find a great space to work. The company has raised $3.6 million in a Series A round of funding led by Shasta Ventures. FloodGate also participated in this round. LiquidSpace’s application is currently in controlled beta around the Bay Area.

Turn.com is an ad technology company that has raised $20 million in funding. This brings the company’s total funding to $57 million. This round is the fourth and it was led by Greenspring Associates. Turn plans to use the funding to expand in Europe. Other existing investors that participated in this round include Norwest Venture Partners, Trident Capital, Shasta Ventures, and Focus Ventures. [paidContent]

Plastic Jungle is an online marketplace for gift cards. The company has announced that they have raised $10 million in funding led by Jafco Ventures. Other investors include Redpoint Ventures, Shasta Ventures, First Round Capital, and Bay Partners. This brings their total funding to $23 million.

Movieclips.com has raised $3 million in Series A from Shasta Ventures, First Round Capital, and several angel investors. MovieClips.com stores popular clips from movies launched a new service called Movieclips Mashups. Movieclips Mashups lets you create a montage of two minute movie clips.

Photo ad network startup company Pixazza, known as the “AdSense for photos” has raised $12 million in Series B in a round led by Shasta Ventures. Pixazza raised $5.75 million in their Series A of funding. Another investor in Pixazza includes Google Ventures. Pixazza turns text on their pages into clickable ads — for example: if you like the boots in a photo, you will see an ad pop-up for it. Pixazza reaches about 25 million unique visitors per month or 8 billion image impressions per year across their ad network. [AllThingsD]