Reuters – Spark Capital Raises $450m Fund

Spark Capital raised $450 million for its fourth fund, making it the largest round for the Boston-based firm, writes Reuters. Spark, which has invested in consumer Internet companies like Twitter, Tumblr and Foursquare, will tap this fund to expand into other sectors like financial services, healthcare and education.

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This morning read all about Spark Capital’s fourth fund, what is happening in global energy markets, Japan’s deal upswing and China’s VC investment slump.

Storenvy Raises $5m

Storenvy has secured a $5 million Series A funding to fuel the growth of its social commerce platform. The round was led by Intel Capital and Spark Capital with participation by First Round Capital.


peHUB First Read

This morning First Read brings you the latest on private equity manager bonuses, Spark Capital’s oversubscribed fund close and whether Facebook could possibly acquire LinkedIn?

WellPoint Leads $11 Mln Round for Linkwell Health

Linkwell Health said Wednesday it raised $11 million in Series C funding led by WellPoint. Existing investors Spark Capital and HLM Venture Partners also participated in the round. New York-based Linkwell develops health and wellness consumer engagement platforms.

Wayfair Raises $36.3M From Battery, Great Hill, HarbourVest & Spark said it raised $36.3 million in equity financing from Battery Ventures, Great Hill Partners, HarbourVest Partners and Spark Capital. The money will be used to grow Joss & Main, the company’s private sale site for the home. The site has nearly three million members and is operating at a $100 million annual revenue run-rate.

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