Local venture firm Spark Capital is planning to raise a growth fund worth $375 million.
The Back Bay VC, most recently touted for its key investments in now-public Twitter and Oculus VR, filed its plans with the Securities & Exchange Commission on Tuesday. Spark has yet to bank any new money for the fund, however, according to the reports.
Back in February, the firm announced it raised $4.5 million for a private investment fund dubbed Spark Capital Founders' Fund IV.
The fund comes just 15 months after Spark closed its fourth venture capital fund ever, worth $450 million.
Spark’s local portfolio includes Wayfair, RunKeeper and Jana. The company is also known for its exit with Tumblr, which sold to Yahoo! for $1.1 billion a year ago.
