Spark Capital, the venture capital fund known for its savvy early-stage investments in web hits such as Twitter, Tumblr, and Foursquare, announced today that it has raised $375 million for a new fund focused on later-stage investing called Spark Growth. Jeremy Philips, the Internet and technology executive perhaps best known for helping shepherd News Corp. into the digital age as a key executive there from 2004 through 2010, has joined Spark to head up the new growth-stage fund, Spark founder Bijan Sabet said in a post on his personal blog.
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Spark Capital Raises $375M For Later-Stage Investment Fund Spark Growth
