A $360 Million Fund from Spark Capital Ready for Investment
Boston-based Spark Capital has raised new fund to invest in web and digital media companies, amounting to $360 million.
The company is known for investing in New York-based companies, ranging from $250,000 to $30 Million. This time, they will also invest on web start-ups in the financial services, health care and education space, said Todd Dagres, a general partner at Spark. “We think that’s where you get the biggest bang for the buck. They’re very capital efficient, and it’s where the action is,” as he talked about the investment company.
Funds raised by Spark are small for the venture capital word, but the new fund reflects a recent trend that says “think small” in both individual and funds investment. The likes of Spark, Andreessen Horowitz and Greylock Partners are some of the companies into the big super angel investors, giving the fund some weight.
It’s indicative of larger happenings in the space, as we approach another wave of frequenting investments and acquisitions. We’ve done this a couple of times now, learning lessons from each era. Now that were experiencing the days of the Super Angels, there’s a whole new line of commentary to consider. See John Furrier’s thoughts on the investment industry here–he’s got plenty of firsthand experience from his own startup tales.
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