TECHCRUNCH — PowerReviews, a company that provides customer review technology for retailers and e-commerce sites, has raised $6.1 million in funding led by current investors Menlo Ventures and Tenaya Capital. This brings the company’s total funding to over $30 million. The additional funding will be used fuel customer acquisition and for new product development...

TECHCRUNCH — Recommendation engine Hunch confirms that they’ve raised a new round of financing – $12 million – led by Khosla Ventures. Partner Gideon Yu, who joined Khosla Ventures last year, was previously the CFO of Facebook. He is now joining Hunch’s board of directors as part of the deal. Hunch was valued at $52 million in the round...

VENTUREBEAT — Hardly a week goes by where we don’t receive a company pitch from a hopeful startup trying to crash the group deals scene. And for good reason, since venture capital firms seem happy to throw cash at well-executed takes on the business model. LivingSocial is the latest to score a large amount of funding. It raised $25 million in a round led by U.S. Venture Partners, with Grotech Ventures and Steve Case’s Revolution, LLC. That’s fresh on top of a $5 million round announced only two months ago and all of Living Social’s existing investors made sure they got in on this round too...

TECHCRUNCH — Social network for currency traders Currensee has raised $8M in Series B funding led by prior backer Northbridge Venture Partners and joined by new investor Egan-Managed Capital...

CNET NEWS — Elevation Partners, the Silicon Valley private equity firm that counts U2's Bono among its investors, announced Wednesday has committed up to $100 million in funding for reviews site Yelp. It's initially investing $25 million in the Series E round, and plans to increase the investment to up to $100 million through the purchase of stock from employees whose stock has vested, as well as other eligible shareholders. Elevation co-founder Marc Bodnick will join Yelp's board of directors...