Spark Capital

growth-positive

American venture capital fund, Spark Capital, and MUFG Innovation Partners Co. Ltd. (MUIP) are investing $20 million in Israel-based Liquidity Capital, a subsidiary of Meitav Dash. The investment round will bring its valuation to approximately $100 million and the investors have been allocated 20% holdings in Liquidity’s share capital. The new funds will be used to accelerate technology development and expand business in Asia and the U.S. Meitav Dash will no longer hold a controlling share, but is expected to make a profit from the deal. Liquidity Capital has also granted Spark Capital a license to use its technology and has the right to participate in future portfolio investments by Spark Capital.

growth-positive

Spark Capital, a US venture capital firm, has closed its second growth fund at $606 million. The firm invests in startups and offers internal support for knowledge-sharing and relationship building. Spark Capital has over $3 billion under management and has backed companies such as Oculus, Slack, and Twitter.

growth-positive

Spark Capital has raised $375 million for a new fund focused on later-stage investing called Spark Growth. Jeremy Philips, an Internet and technology executive, has joined Spark to head up the new growth-stage fund. Spark is following the trend of tech investors getting into the growth stage, with Google launching Google Capital earlier this year.