Spark Capital closes $450 million fourth fund to continue consumer-oriented investing

Spark Capital plans to announce Monday evening that it’s closed an oversubscribed $450 million fourth fund, countering earlier reports that put the number slightly lower, and bringing the firm’s total management close to $1.4 billion.

Spark Capital was founded in 2005 in Boston by Todd Dagres, Santo Politi and Paul Conway, and has invested in some well-known tech companies like Twitter, Tumblr, OMGPOP, and Warby Parker. An oversubscribed fund is one where the size of the fund is smaller than interest from potential investors.

General partner Bijan Sabet said the firm plans to continue its current investment strategy for the new fund, looking at mostly early stage deals but some larger growth stage deals as well. A recent report looking at venture capital trends overall for 2012 found that a good number of firms were moving more toward early stage investing.

“We like early-stage investing in companies that we can then be supportive of over time,” Sabet said. “And we’re going to stay with this strategy.”