Spark Capital raises $360M for second media fund

July 18, 2007 | Matt Marshall

Spark Capital, the Boston venture firm run by hard-charging Todd Dagres, said it has finished raising its second fund at $360 million fund.

Dagres left Battery Ventures three years ago, and launched Spark to focus on media and entertainment investments.

It has proven good timing.

The first fund’s investments include consumer-centric companies such as Next New Networks, Me.dium and Veoh, as well as infrastructure companies Menara and VeriVue. One investment, thePlatform, a publishing platform, was acquired by Comcast for more than $100 million.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.