Spero Ventures

Spero Ventures is an early-stage venture capital firm based in Redwood City, California, known for its human-centered investment approach. Founded by a team of seasoned operators and investors, including Tesla co-founder Marc Tarpenning, Shripriya Mahesh, and Andrew Parker, the firm focuses on backing companies that are building "things that make life worth living." Their investment thesis is structured around three core themes: Work & Play, Health & Well-being, and Frontier Tech, seeking to support innovations that enhance human experience and societal well-being.

The firm primarily targets seed and Series A stage companies, providing not only capital but also strategic guidance and operational support. Spero Ventures' typical initial check size ranges from approximately $1 million to $5 million, reflecting their commitment to early-stage development. They are known for taking a hands-on approach, leveraging their partners' deep industry expertise to help founders navigate the complexities of scaling a nascent business, from product development to market entry and team building.

Spero Ventures has demonstrated consistent growth in its capital base, successfully raising multiple funds. Their latest fund, Spero Ventures Fund III, closed at $125 million in 2023, following a $100 million Fund II in 2020 and a $50 million Fund I in 2017. The firm boasts a diverse portfolio of over 50 companies, with notable investments in areas such as digital health platforms like Modern Health, innovative fintech solutions, and advanced technology ventures pushing boundaries in AI and robotics. Spero Ventures aims to foster companies that not only achieve commercial success but also contribute positively to the future of humanity.