Ontarians will soon get a better GO bus and train service with a new capital injection from Ontario and Ottawa to the tune of $250 million each. The new capital will be used to expand crowded parking lots in high traffic stations across Ontario including Pickering and Mississauga. Both the Prime Minister Stephan Harper and Ontario Premier Dalton Mcginty made the announcement today at a GO station in Toronto. Mr. Mcginty also said the new work will create jobs in Ontario.

SynthaSite is an online service that makes building websites effortless. The company has now announced a new $20 million Series B fund from Reinet Fund (currently has $2 billion in capital). The VC firm previously also firstly invested $5 million. The valuation was not disclosed. SynthaSite says it currently has 1 million registered users and it is growing rapidly. There are already a number of other services online that let you easily create websites without programming knowledge, including Webjam, Sampa, Weebly, Webme, among others. There are also some big players in this Space, including Google and Microsoft. The thing is, all of these services offer very little differentiation. Read the full story

TechCrunch is reporting today they have received information that Twitter is about to raise new VC funding with a $250 million valuation. TechCrunch is citing a source that is familiar with the deal. More information as it breaks. Twitter to date has raised $20 million in total funding. Twitter, surprisingly to me, is gaining more and more traction. Last week, the company surpassed Digg in total weekly visitors to the site.

OneSeason is a new online sports fantasy community that essentially turns athletes into commodities where users can trade with real money. OneSeason has announced it has raised $3.5 million in a new VC fund led by Charles River Ventures. CRV partner George Zachary has joined the board, and Hot or Not founder Read the full story

Social networking site Geni has raised $5 million in a new Series C VC round by The Founders Fund and Charles River Ventures. The company to date has raised about $11.5 million in VC funding. Over the last year, Geni seems to have experienced very strong growth in users, hitting about 500,000 unique U.S. visitors in Dec 2008 (up 308.8% YoY), according to Compete.