The surge in venture capital deals continues with 12 new ones to speak of this week alone. One of these involves Tapjoy, Inc, which is a San Francisco provider of publishing and monetization services for the social and mobile app space. The company raised $30 million in funding from a group led by J.P. Morgan.

Tastytrade is another media company based in Chicago which provides online financial news with a heavy dose of entertainment. It has raised $20 million in funding, but didn't disclose details of who the investors were. PoLilght AS is a tech company based in Norway that specializes in cutting-edge lenses for camera phones. It raised $18.5 million in funding from a group of investors led by Investinor. A Swiss biotech company called MyoPowers Medical Technology also managed to raise $19 million in funding for its development of artificial muscle therapies.

Comcast Corp. announced that it is collaborating with NBC Universal and General Eletric, its venture capital arm Comcast Interactive Capital with the Peacock Equity Fund – formerly a venture capital affiliate of NBC Universal and General Electric – forming a new fund called Comcast Ventures.

A new fund called Comcast Ventures is formed by the collaboration of Comcast Inc.'s venture capital Interactive Capital with the Peacock Equity Fund – formerly a venture capital affiliate of NBC Universal and General Electric. Comcast had a major stake in NBC Universal since January. It has been managing the two funds' joint investment portfolio which valued $750 million. Amy Banse, Comcast Executive, said that it is an exciting time to be in venture capital.

Venture capital in Michigan has gained further momentum in 2010 with the addition of three new venture funds in the state, including the Michigan Accelerator Fund I in Grand Rapids. The gains can be attributed to efforts over the last several years to grow venture capital in Michigan, seed entrepreneurship and transition the state's auto-dependent economy.

The VC money is having an impact in the state, helping to unleash a lot of entrepreneurial activity from the community and university levels. 84% of the venture capital under management in the state is currently deployed, leaving 13% for follow-up investments and 3% for new deals. This doesn't mean that obtaining venture backing is easier then before, but it is more accessible. Venture firms remain highly discriminating about which companies they choose to back. However, with more capital available it is likely to draw more innovative companies to Michigan who are seeking VC investment.