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Brash Entertainment LLC, an Atlanta-based video game startup, said that it is nearing a final close on more than $150 million in private equity funding. It also announced that it already has secured $6 million in initial funding, with a regulatory filing indicating that the money came in the form of convertible notes. Brash is run by former Massive Inc. execs Mitch Davis and Nicholas Longano, while initial backers include film producer Thomas Tull and former iXL Enterprises CFO Bert Ellis.

Coghead, a Mountain View, Calif.-based provider of a Web-based application creation and delivery platform, has raised $8 million in second-round funding. American Capital Strategies led the deal, and was joined by return backer El Dorado Ventures. www.coghead.com  

FastScale Technology Inc., a San Jose, Calif.-based provider of adaptive computing products, has raised $6.5 million in Series A funding. ATA Ventures led the deal, and was joined by Leapfrog Ventures and Hunt Ventures. www.fastscale.com  

Digital Fuel Technologies Inc., a San Mateo, Calif.-based provider of SLA and service-cost management solutions, has raised $5 million in Series CC funding, according to a regulatory filing. The company had previously raised $35 million since 2000, including a $20 million Series D round in early 2005. Listed shareholders include Apax Partners, Benchmark Capital, Israel Seed Partners and Sigma Partners. www.digitalfuel.com  

Sanovia Corp., a Philadelphia-based provider of technology and services to assist managed care organizations in managing their pharma costs, has raised $3 million in Series B funding from return backers HLM Venture Partners and Claritas Capital. It raised a $5 million Series A round in 2005. www.sanovia.com  

Fliptrack Inc., a Mountain View, Calif.-based online music video company, has raised around $1.53 million in Series A funding led by Mohr, Davidow Ventures. www.fliptrack.com

eTelecare Global Solutions Inc., a Philippines-based business process outsourcing company, priced 5.5 million American depository shares at $13.50 per share ($12.50-$14.50 range), for an IPO take of approximately $74.3 million. It will trade on the Nasdaq under ticker symbol ETL, whileMorgan Stanley served as lead underwriter. Shareholders include Electra Partners Mauritius, AIG Asian Opportunity Fund and Crimson Velocity Fund. www.etelecare.com  

Travelex, a UK-based currency exchange backed by Apax Partners, has acquired Washington, D.C.-based payment servicing company Ruesch International from Welsh Carson Anderson & Stowe. The deal was valued at $440 million. www.travelex.com www.ruesch.com  

Mobilelime Inc., a Watertown, Mass.-based provider of software that lets consumers to make purchases via mobile phones, has acquired Cuesol Inc., a Quincy, Mass.–based provider of interactive shopping, marketing and self-service solutions for grocers. No financial terms were disclosed. Mobilelime has raised around $15 million in VC funding from firms like Ignition Partners, Seapoint Ventures and Oak Investment Partners. www.mobilelime.com www.cuesol.com  

Best Buy Co. Inc. (NYSE: BBY) has agreed to acquire Speakeasy Inc., a Seattle-based provider of broadband voice, data and IT services. The deal is valued at approximately $97 million, which is around 1.2x Speakeasy’s 2006 revenue of $80 million. Speakeasy has raised around $55 million in VC funding since 2000, from firms like Granite Ventures, 3i Group, BV Capital, Intel Capital and TI Ventures. www.bestbuy.com www.speakeasy.com  

Optium Corp. (Nasdaq: OPTM), a Chalfont, Pa.-based maker of optical subsystems for use in telecom network systems, has agreed to acquire Kailight Photonics Inc., an Israel-based provider of 40Gb/s optical transmission products. The deal includes a $35 million up-front cash payment, plus a stock earnout of up to $5 million. Kailight has raised around $12.1 million in VC funding since 2001, from firms like Lucent Venture Partners, Hyperion Venture Partners, Ofer Brothers High-Tech Group, Peregrine Ventures and Yozma Venture Capital. www.optium.com www.kailight.com

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