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  September 5, 2001
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Home > Company Index > Financial Services > Venture Capital Firms > NewMedia Spark plc

NewMedia Spark plc
 PROFILE
Since the market is no longer lighting a fire under the technology sector, NewMedia Spark's own torch has dimmed. The firm took new ideas from incubation to IPO: It funded fledgling companies involved in such technology sectors as software and Internet infrastructure, communications, and e-commerce platforms and services. The company offered entrepreneurs between £500,000 and £2.5 million, along with office space, managerial expertise, administrative help, and Internet access. With many technology startups struggling and draining their VC backers, NewMedia Spark is cutting its losses by freeing itself from some investments through sales, mergers, or closures. The firm is also doing its part by cutting its staff.

 COMPETITION
3i Group plc (III)
Durlacher Corporation PLC (DUC)
Result Venture Knowledge International (dossier)

 DEALS
Deal: NewMedia Spark Invests in Synaptic
Date Announced: 12.23.99
Value of transaction (US $Mil): 0
Description: Internet incubator takes 8.7 percent stake in financial product research provider.

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 0.00
Employees: 15
Revenue per employee: $0.00

 KEY PEOPLE
• Mike Whitaker
    CEO
• Bruno Delacave
    CFO

 CONTACT INFO
33 Glasshouse St., 3rd Fl.
London W1R 5RG, United Kingdom
Phone: 44-20-7851-7777
Fax: 44-20-7851-7770
Online: Web Site

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