Spark Capital, an early and growth-stage venture firm, has raised a total of$1 billion for two funds, according to a news post. The firm closed $400 million for its fifth venture fund and $600 million for its second growth fund. Investors included foundations and university endowments.
A fast-growing segment of U.S. retirement plans is using hedge-fund type strategies to bet a small but increasing slice of their assets.
Panjo marketplace, a California-based startup company, secures seed funding in the amount of US $1.6 million from Spark Capital.