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Spark Capital

North America, California, United States, San Francisco

Description

Spark Capital is a prominent multi-stage venture capital firm based in San Francisco, United States, with additional offices in Boston and New York. Established in 2005, the firm has built a reputation for identifying and backing transformative companies across various sectors, including consumer, commerce, FinTech, software, frontier technology, and media. Known for its founder-friendly approach, Spark Capital partners with entrepreneurs from the earliest stages of their journey, providing not just capital but also strategic guidance and operational support.

The firm employs a flexible investment strategy, deploying capital across seed, early-stage (Series A/B), and growth-stage rounds. Spark Capital is particularly active in leading early-stage investments, often being the first institutional investor in promising startups. While their initial check sizes can vary significantly based on the stage and needs of the company, they typically range from as little as $500,000 for a seed round to upwards of $50 million for a substantial growth equity investment. This broad range allows them to support companies from inception through significant scaling.

Spark Capital boasts an impressive portfolio of companies that have gone on to achieve significant market success and often redefine their respective industries. Notable past investments include social media giants like Twitter and Tumblr, e-commerce innovators such as Warby Parker and Wayfair, and leading fintech platforms like Plaid and Affirm. The firm manages several funds, including dedicated early-stage and growth funds, with reported assets under management often exceeding $3 billion. Their long-term commitment to portfolio companies and deep industry expertise have cemented their position as a key player in the venture capital ecosystem.

Investor Profile

Spark Capital has backed more than 563 startups, with 34 new investments in the last 12 months alone. The firm has led 278 rounds, about 49% of its total and boasts 101 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Germany, United Kingdom.
  • Strong thematic focus on Software, FinTech, Financial Services.
  • Led 18 rounds in the past year.
  • Typical check size: $500K – $50M.

Stage Focus

  • Series B (25%)
  • Series A (24%)
  • Series C (14%)
  • Seed (13%)
  • Series D (8%)
  • Series Unknown (7%)
  • Series E (4%)
  • Series F (2%)
  • Debt Financing (1%)
  • Pre Seed (1%)

Country Focus

  • United States (85%)
  • Germany (3%)
  • United Kingdom (3%)
  • Israel (2%)
  • Canada (2%)
  • Spain (1%)
  • France (1%)
  • Australia (1%)
  • Brazil (1%)
  • Singapore (1%)

Industry Focus

  • Software
  • Fintech
  • Financial Services
  • Artificial Intelligence (Ai)
  • Saas
  • Internet
  • Information Technology
  • Finance
  • E-commerce
  • Health Care
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Spark Capital frequently co-invest with?

Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 29
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 22
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 28
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 22
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 28
SV Angel
North America, California, United States, San Francisco
Co-Investments: 30
Union Square Ventures
North America, New York, United States, New York
Co-Investments: 45
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 39
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 21
Greylock
North America, California, United States, Menlo Park
Co-Investments: 23

Which angels does Spark Capital often collaborate with?

GR
North America, California, United States, San Francisco
Shared Deals: 4
LG
North America, California, United States, San Francisco
Shared Deals: 4
NF
North America, California, United States, San Francisco
Shared Deals: 5
AL
North America, California, United States
Shared Deals: 5
JM
North America, New York, United States, New York
Shared Deals: 4
Daniel Gross
North America, California, United States, San Francisco
Shared Deals: 5
RP
North America, California, United States, San Francisco
Shared Deals: 4
JL
North America, California, United States, Los Angeles
Shared Deals: 4
SP
North America, California, United States, San Francisco
Shared Deals: 4
EG
North America, California, United States, San Francisco
Shared Deals: 8

What are some of recent deals done by Spark Capital?

Crusoe Energy Systems

Denver, Colorado, United States

Crusoe is a vertically integrated AI infrastructure company that builds and operates data centers powered by energy sources.

Artificial Intelligence (AI)EnergyEnergy ManagementOil and Gas
Series EOct 23, 2025
Amount Raised: $1,400,000,000
Anrok

San Francisco, California, United States

Anrok is a global sales tax solution platform that automates sales tax compliance for modern commerce.

ComplianceFinancial ServicesSaaSSoftwareTax Preparation
Series COct 21, 2025
Amount Raised: $55,000,000
Sesame

San Francisco, California, United States

Sesame is a voice tech startup focused on developing AI voice assistants that create natural and emotionally resonant conversations.

Artificial Intelligence (AI)Consumer ElectronicsConsumer SoftwareSoftware
Series BOct 21, 2025
Amount Raised: $250,000,000
Kalshi

New York, New York, United States

Kalshi is an exchange app that allows people to trade on event outcomes.

FinanceFinancial ServicesFinTechInternetPredictive Analytics
Series DOct 10, 2025
Amount Raised: $300,000,000
Tigris Data

Sunnyvale, California, United States

Tigris is an S3-compatible, globally distributed object storage service that is purpose-built for AI.

Artificial Intelligence (AI)Cloud ComputingCloud StorageData StorageDatabaseSoftware
Series AOct 9, 2025
Amount Raised: $25,000,000
Base Power

Austin, Texas, United States

Base Power is a modern energy provider that specializes in residential backup battery systems and electricity plans.

BatteryElectrical DistributionEnergyEnergy ManagementEnergy StorageIndustrialPower Grid
Series COct 8, 2025
Amount Raised: $1,000,000,000
Eve

San Francisco, California, United States

Eve is a legal tech platform designed to assist plaintiff law firms at every phase of a legal case.

Artificial Intelligence (AI)LegalLegal Tech
Series BSep 30, 2025
Amount Raised: $103,000,000
Kusumgar

Mumbai, Maharashtra, India

Kusumgar manufactures and supplies a wide range of customized fabrics for various business applications.

ManufacturingTextilesWholesale
Series UnknownSep 29, 2025
Amount Raised: $22,541,566
Cardless

San Francisco, California, United States

Cardless operates the leading platform for consumer brands to launch credit card products.

Credit CardsFinanceFinTech
Series CSep 22, 2025
Amount Raised: $60,000,000
Baseten

San Francisco, California, United States

Baseten is an AI infrastructure company that integrates machine learning into business operations, production, and processes.

Artificial Intelligence (AI)Developer ToolsMachine LearningSoftwareSoftware Engineering
Series DSep 5, 2025
Amount Raised: $150,000,000