Spark Capital Closes Second Fund At $360 Million
This story was written by Rafat Ali.
Spark Capital, the Boston-based VC firm which focuses solely on digital media investments (and just invested in Twitter), has closed its second fund, Spark II, at about $360 million. The first fund of $260 million is about 75 percent invested, the firm said, and will finish it up with about five more investments for the rest of the year. For this new fund, Spark to become the lead investor in some ventures, instead of taking only minority stakes, according to Todd Dagres, general partner at Spark.
By Rafat Ali