VENTURE CAPITAL POST

The MIT had released a new project called "The Engine".

Statoil Energy Ventures announced its first investment worth at about US$3 million in United Wind. The fund plans a total investment of $200 million in wind energy over a period of 4 to 7 years.

Opportunity Network introduces its eligible anonymous members in its platform to facilitate deals. The membership subscription fees generate sufficient revenue to grow the networking site up to a valuation of $150 million. Surprisingly, the network startup has grown up to a valuation of $150 million from $100 million in just a year without any fund from VC.

The Rady Venture Fund, a part of pioneering model business school The Rady School of Management, was said to have helped over 60 small businesses in starting up in the San Diego area and launched over a hundred products while providing a hands-on experience for the management school's business students.

Venture capital firm Northzone had set up its biggest fund yet at EUR200 million or USD272 million. The fund will be geared towards making investments in startups within the Nordic region and businesses who had partnered with a Nordic-influenced startup.

Toronto-based merchant bank Minerx Group was out to prove that there is a plethora of opportunities in the the advanced exploration market with its new private equity arm called Minvest Partners, according to a Mining Markets article.

Atomico's Fund III was intended to provide financial support to startups who are raising money via later-stage funding rounds to aid them in scaling their businesses.

Biotech startups in the UK got a much-needed capital boost, thanks to Invesco Fund Managers Ltd's USD51 billion purse.

New venture fund received GBP37.5 million in investment commitments from public and private investors, including the UK government, to boost the tech industry in the nation.

In an announcement today, former executives of Finam Global launched Flint Capital, a USD30 million fund that is focused on placing investments in Internet and innovative hardware startups.

Venture capital reached US$1.3 billion in New York.