NewMedia SPARK Plc, the AIM-quoted venture capital investor, has announced the re-branding of the business as SPARK Ventures Plc. The change reflects the expansion of SPARK’s investment management skills beyond the ‘new media’ sector, to include life sciences and healthcare following its acquisition of Quester earlier this year.
Anna Morrison joins from IFM Investors, where she managed the firm's fund-of-funds programme
Fund's predecessor, Isomer Capital Fund, closed on €150m in February 2016
Funding will be used to hire more staff, support product development and meet customer demand
True Core VII provides seed and early-stage capital, while True Select IV provides follow-on capital