What you need to know - 07/26/11

Official Facebook app for iPad was usable, screenshots to prove it; more from Venture Shift

Screenshots of the official Facebook app for iPad leaked.

Retail investment startup Motif Investing secured $20 million in a Series B round led by Ignition Partners.

Intelligence software company Quid secured $10 million in a Series C round from Atomico, Ron Conway, Endeavor Vision, Infocomm Investments, with follow-on investments from Peter Thiel’s Founders Fund and Amicus Group CEO Charles Lho.

Online rental marketplace Rentcycle secured $300,000 of a slated $1.4 million funding round, according to an SEC filing.

Twitter made two key new hires to bolster its senior management team: Pam Kramer joins as the company’s first vice president of consumer marketing and Joel Lunenfeld joins director of global brand strategy.

Read some legal and financial experts' opinions on how the secondary market is changing the VC and IPO landscape.

Web security company WhiteHat Security raised an $8 million round of funding from Investor Growth Capital (IGC), bringing the company’s total raised to $22 million.