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Spark Capital closes second fund on $360m18/07/2007. Source: AltAssets. 
 Boston, Massachusetts-based venture capital firm Spark Capital has closed its second fund, Spark II, on $360m. The new fund will continue the firm's focus on investment opportunities arising from the conflux of the media, entertainment and technology industries.
'Since our founding two years ago, we have seen the prophecy of the conflux materialise,' said Todd Dagres, general partner, Spark Capital. 'With the new fund, we will expand our efforts to capitalise on the massive wave of convergence and the worldwide explosion of online applications, media and content.'
All Spark I limited partners returned to participate in Spark II, the firm said in a statement. New investors include a large, unnamed university endowment.
Spark II brings the firm's total capital under management to $622m.
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