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U.S. Quarterly Venture Investment Rises 29%, Dow Jones Says

U.S. venture capital investments climbed 29 percent to $8.4 billion in the third quarter as funds raised by consumer Internet companies more than doubled from a year earlier, according to Dow Jones VentureSource.

The Internet ventures, including search, entertainment and social media, raised $1.3 billion, according to a statement today from the unit of New York-based News Corp. Almost half of all venture spending went to the newest companies.