Zebit closes $25M in venture funding for microlending website

If you’re looking to expand your business and/or purchase something you desperately need, but your credit is low, take a look at Zebit. The San Diego-based data platform that supports micro-lending businesses from start to finish, raised $25 million in a series D funding round led by Mohr Davidow Ventures along with Leapfrog Ventures, QED Investors and Crosslink Capital.

Funding daily: Predict the future with tweets

Happy Thursday! Check out the companies raking in funding today. If you want to stay on top of funding news as it happens, subscribe to our Deals Channel RSS feed either by clicking the red RSS icon at the top of this page or by adding the Deals Channel feed link to your favorite reader. And as always, send funding news our way at tips@venturebeat.com.

Fitness gadget maker Basis to BodyMedia: Your lawsuit claims are invalid

It’s fitness gadget maker against fitness gadget maker. In February 2012, BodyMedia, maker of the FIT armbands that promote weight loss and health, filed a patent infringement civil action against competing fitness gadget maker Basis. On Monday of this week, three months after the suit was filed in court, BodyMedia served the lawsuit to Basis. Thursday, Basis countered back, telling BodyMedia that its lawsuit claims are invalid.

Nvidia CEO describes strategic importance of cloud graphics

Nvidia chief executive Jen-Hsun Huang told analysts today just how important cloud graphics will be to the world. The company announced last week that its recently announced Kepler-based graphics chips are capable of cloud graphics. That means they can process graphics for multiple users in a data center and then dispatch the appropriate graphics as needed to the displays of distant remote users.

Want a free ride to DEMO Fall 2012?

Just off the heels of one of the biggest DEMO conferences in the event’s 20 year history, we’re starting to gear up for the next one. We already hit New York in the first stop of our DEMO tour, and will have details shortly on more events coming up around the world.  If you’re working on the next big tech product, and will be ready to show it off on the DEMO stage in October, we want to hear from you.

Funding daily: Get off your butt and lose some weight

We’ve got you funding news here on this windy-in-San-Francisco Wednesday evening. If you want to stay on top of funding news as it happens, subscribe to our Deals Channel RSS feed either by clicking the red RSS icon at the top of this page or by adding the Deals Channel feed link to your favorite reader. And as always, send funding news our way at tips@venturebeat.com.