VENTURE CAPITAL POST

Referring to a call for modernization, the Finance Minister of Ontario revealed on Tuesday the government’s plan to overhaul some of the financial regulatory bodies in the province to create a new watchdog with its center of attention on consumers.

Just as the Britain arranges its exit from EU, United Kingdom’s newest financial watchdog guides into a new age of banks and insurance companies’ oversight.

US-based Western Alliance Bank has decided to buy GE Capital assets from General Electric Co. The deal is expected to be completed by end of 2016. General Electric will focus on its core industrial operations.

Tarsis is pleased to announce that the Company has closed the $450,000 financing as previously announced. The financing was comprised of 9 million units. Marc Blythe, President & CEO, commented that "We were very pleased with the support shown from our existing shareholders and a few new strategic shareholders.

Cascadia Capital, a diversified investment bank serving both private and public growth companies, today announced that Mike Kelley, vice president, has been named a winner of the 5th Annual M&A Advisor 40 UNDER 40 Award in the Deal Maker category.

Mobile analytics company Kontagent which merged with PlayHaven last month was able to raise $4.8 million, according to a VentureBeat report which cited a Securities and Exchange Commission filing.

Cleveland, Ohio-based recycling company Vadxx Energy received funding from Liberation Capital, a private equity firm, for its first commercial-scale facility that can transform plastic waste to energy.

A working capital facility was made available by Black Pearl Capital Fund for Ennovar's production.

Blumberg Capital raises USD150 million with its venture capital seed fund.

Kior, the operator of the first US biofuel plant, had received financial commitments amounting to USD100 million.

Alitalia, an almost bankrupt Italian firm, had received a lifeline last Friday after the company's board approved a capital increase, reported Reuters.

The city of Detroit had gotten a USD350 million debtor-in-possession financing from Barclays Plc after filing for bankruptcy last July.

MongoDB announced that it was able to score USD 150 million in financing from various investors.

Deerfield announced today funding of a credit facility for Imris Inc. valued USD25 million.

Alongside its iPhone app launch, Sportslobster receives another USD1 million.