Social media start-up, Sparku, secures $50 million deal for innovative new video platform
Video is marked as the ‘one to watch’ by industry leaders in social media and technology. Global investment expert, Turki Almadhi Ventures Inc. (TAVI) has started 2017 with its eyes set firmly on the future, signing an investment agreement with Sparku – developers of an innovative video sharing platform. There is an initial investment of 1.1 million dollars, which will increase to 50 Million dollars in the space of three years provided Sparku hits agreed targets. This investment marks the company’s debut in the social media sector.
In its quest for the ‘next big thing’ around the world, TAVI came across Sparku last May. What was an initial offering of mentorship soon turned into an investment deal. TAVI has been working closely with the blossoming start-up to create a truly disruptive solution in the market, helping the development company to realise its app’s full potential after quickly noticing the impending success that lies in the linear video communication platform.
Turki Almadhi, founder and president at TAVI revealed, “This is very significant for us as it is our first investment in the social media sector. We are proud to be part of that initiative and we have confidence in Sparku, believing that their application can be one of the biggest social media platforms in the future. Making investments is all about people, Chris and Matt, and their team, have done a great job to start a company like Sparku. Just give it time and the world will see.”
Sparku is an Australian app developer, made up of a team of digital and marketing experts, creative designers and innovative thinkers. Together they saw a gap in the video market for a platform that enabled consumers to be seen and heard, exactly how they desired, in both consumer and business environments. Sparku is an evolution of current video communication, commenting and reaction processes, using the world’s best video delivery architecture to offer a serve that is fast, secure and global, integrating seamlessly with both mobile and desktop devices.
Chris Parker, CEO at Sparku added, “Sparku was a natural evolution of global trends. Feedback from our alpha users has greatly contributed to the creation of the app, and we know we are building something that users want and is adding value to their lives. Thanks to TAVI’s support, we can disrupt the market sooner than we thought!”
TAVI has investments in industry leaders such as Amazon, Boeing, Expedia, Marriott, Netflix, Apple and more. As Sparku commences beta testing, prior to its entrance on the market, its name is sure to be as recognised in its own sector as the names it sits alongside in the TAVI investment portfolio.
To find out more TAVI, visit http://www.turkialmadhi.com
To learn more about Sparku or to sign up for the app, visit http://sparku.co/
About
The Turki Almadhi Ventures Inc. (TAVI) fund is a privately funded corporation established in 2003, based out of London UK, with a satellite office in New York City. TAVI focuses on start-ups in the health tech, fintech, and greentech field. TAVI has closed 8 deals in the past year (2016) and boasts an impressive investment portfolio featuring companies such as Intel, Nike, PayPal, Visa, Walt Disney and more.
