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Spark Capital Debuts $260 Million Venture Fund for Digital Media

Authored by Mark Hefflinger on October 3, 2005 - 3:55am.
Boston - Spark Capital, a new venture capital firm focused on early-stage investments "in the conflux of the media, entertainment and technology industries," announced on Monday its debut with a first fund totaling $260 million. The firm was founded by former Battery Ventures general partner Todd Dagres, and several former partners of Charles River Ventures and Constellation Ventures. "Over the last decade, telecom operators, Regional Bell Operating Companies and cable operators have spent enormous amounts of capital building out their broadband infrastructures. The next decade will be spent monetizing this infrastructure," said Dagres. "Our focus is on exploiting this opportunity by investing in companies that we perceive to be on the cutting edge of media, entertainment and technology, and have the potential to create new markets and become category leaders."
tags: Deals | Digital Media | Spark Capital | Venture Fund |