{"id":643881,"date":"2013-02-26T00:00:56","date_gmt":"2013-02-26T05:00:56","guid":{"rendered":"http:\/\/gigaom.com\/?p=613168"},"modified":"2013-02-26T00:00:56","modified_gmt":"2013-02-26T05:00:56","slug":"spark-capital-closes-450-million-fourth-fund-to-continue-consumer-oriented-investing","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/643881","title":{"rendered":"Spark Capital closes $450 million fourth fund to continue consumer-oriented investing"},"content":{"rendered":"

Spark Capital<\/a> plans to announce Monday evening that it’s closed an\u00a0oversubscribed\u00a0$450 million fourth fund, countering earlier reports<\/a> that put the number slightly lower, and bringing the firm’s total management close to $1.4 billion.<\/p>\n

Spark Capital was founded in 2005 in Boston by\u00a0Todd Dagres, Santo Politi and Paul Conway, and has invested in some well-known tech companies like Twitter, Tumblr, OMGPOP, and Warby Parker. An\u00a0oversubscribed\u00a0fund is one where the size of the fund is smaller than interest from potential investors.<\/p>\n

General partner\u00a0Bijan Sabet<\/a>\u00a0said the firm plans to continue its current\u00a0investment\u00a0strategy for the new fund, looking at mostly early stage deals but some larger growth stage deals as well. A recent report looking at venture capital trends<\/a> overall for 2012 found that a good number of firms were moving more toward early stage investing.<\/p>\n

“We like early-stage investing in companies that we can then be supportive of over time,” Sabet said. “And we\u2019re going to stay with this\u00a0strategy.”<\/p>\n

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