new gtlds The Engine.xyz raised $200 million from investors

[News]

A venture fund started by the Massachusetts Institute of Technology called The Engine has financed its first seven companies after raising $200 million from investors.

“We’re investing in these companies and trying to grow them into very large businesses,” said Katie Rae, chief executive officer of The Engine, which is located in Cambridge, Massachusetts, near the MIT campus. “Most of them are in early phases.”

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