Next Level Ventures and credit union partners of Members Development Co. announced the launch of a new collaborative venture capital fund for the development of financial services technology in the credit union industry. The Curql Fund (pronounced “circle”) will be managed by Next Level Ventures. More than two dozen credit unions have committed to investing in the Curql Fund, which the MDC projects will reach $75 million within MDC credit unions. Managers aim to expand the fund to between $100 million and $150 million by summer, Next Level Ventures managing partner Craig Ibsen said in a statement. MDC expects the fund will provide a 100% return on investment within the next 10 years.