Spark Capital

Spark Capital is a venture capital firm that invests in the consumer, commerce, fintech, software, frontier, and media sectors.

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

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Valuation

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Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Nov 1, 2025	Profluent Bio	$110.0M Venture Round	—	Air Street Capital, Insight Partners
Oct 1, 2025	Anrok	$55.0M Series C	—	Chemistry VC, Khosla Ventures, Operator Collective, Sequoia Capital
Oct 1, 2025	Deel	$300.0M Series E	—	Andreessen Horowitz, C2 Investment, Cambrian Ventures, Coatue, Electric Capital, Founders Fund, Franklin Templeton Investments, General Catalyst, Gradient Ventures, Green Bay Ventures, Incisive Ventures, LGF, Ribbit Capital, Roosh Ventures, Seven Seven Six, Y Combinator, Alexandre Scialom, Ben Lang, Elad Gil, Jeffrey Wilke, Justin Mateen, Vinay Hiremath, William Hockey
Oct 1, 2025	Sesame	$250.0M Series B	—	Andreessen Horowitz, Atreides Management, General Catalyst, Giant Ventures, Matrix, Anjney Midha, Brendan Iribe
Sep 1, 2025	EVE	$100.0M Series B	—	Andreessen Horowitz, BITKRAFT Ventures, Foundation Capital, Kindred Ventures, Lightspeed Venture Partners, Ludlow Ventures, Menlo Ventures, Scott Sandell, Sequoia Capital, The Fintech Fund, The Westly Group, Union Square Ventures, Naveen Jain, Sam Altman, Sep Kamvar
Sep 1, 2025	Monarcha	$500K Seed	—	FirstHand Alliance, Oceans, WorkLife Ventures, Y Combinator, Aaron Skonnard, Derrick Li, Emmett Shear, Guillaume Roux-Romestaing, Michael Ma
Sep 1, 2025	Baseten	$150.0M Series D	—	01 Advisors, Gautam Gupta, Kevin Hartz, Accel, Acrew Capital, Alt Capital, Andreessen Horowitz, Bain Capital Ventures, Bond, C2 Investment, Conviction Partners, DTCP, Forerunner Ventures, Gradient Ventures, Greylock, Sangeen Zeb, Infinite Capital, IVP, LGF, Liquid 2 Ventures, Pioneer Fund, Plaid, Predictive VC, Ribbit Capital, Sequoia Capital, Jarrod Dicker, The General Partnership, Y Combinator, Aaron Levie, Charles Zedlewski, Cristina Cordova, DJ Patil, Dylan Field, Frederic Kerrest, Greg Brockman, Howie Liu, Matt Macinnis, Mike Vernal, Peter Reinhardt, Ron Pragides, Scott Belsky, Will Gaybrick, Zachary Sims
Sep 1, 2025	Cardless	$60.0M Series C	—	Curie.Bio, Flexcap, Founder Collective, Operator Stack, Red Swan Ventures, Team Ignite Ventures, Khaled Helioui, Nicky Goulimis
Sep 1, 2025	Inversion	$27.0M Seed	—	6th Man Ventures, Adjacent, Day One Ventures, DST Global, Embedded Ventures, Emergence Capital, Aniq Kassam, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Iterative, Kohala Ventures, Lockheed Martin Ventures, Matrix, Otherwise Fund, Paradigm, Summit Partners, SV Angel, Theory Forge Ventures, Tribe Capital, Y Combinator, Andrew Steinwold, Azeem Azhar, Balaji Srinivasan, Ben Tossell, Kulveer Taggar, Kyle Vogt, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Sep 1, 2025	Emergent	$23.0M Series A	—	100X.VC, 6th Man Ventures, Adjacent, B Capital Group, Embedded Ventures, Aniq Kassam, Khosla Ventures, Kohala Ventures, Lightspeed India Partners, Lockheed Martin Ventures, Paradigm, Summit Partners, Tribe Capital, Andrew Berman, Andrew Steinwold, Ben Tossell, Charlie Cheever, Kyle Vogt, Matteo Franceschetti
Sep 1, 2025	Rocket	$15.0M Seed	—	Accel, Amplify Partners, Banana Capital, IVP, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Salesforce Ventures, Sand Hill Angels, Sequoia Capital, Brandon Philips
Aug 1, 2025	Capitolis	$36.0M Venture Round	—	9Yards Capital, Andreessen Horowitz, Citi Ventures, Index Ventures, S Capital VC, Thylacine Capital
Aug 1, 2025	Midas	$80.0M Series B	—	James Hardiman, Earlybird Venture Capital, Glynn Capital, IVP, LAUNCH, Portage Ventures, QED Investors, Riverwood Capital, Dylan Field, Melih Odemis, Shane Neman
Aug 1, 2025	Peeko	$3.0M Seed	—	Amplify Partners, V3 Ventures, Yext
Aug 1, 2025	Medallion	$43.0M Series C	—	Acrew Capital, C2 Investment, Craft Ventures, Gradient Ventures, Sangeen Zeb, GV, Infinite Capital, Liquid 2 Ventures, MS&AD Ventures, Night Capital, Pioneer Fund, Predictive VC, QueensBridge Venture Partners, Sequoia Capital, Stellar Capital, Jarrod Dicker, Thirty Five Ventures, Breon Corcoran, Mark Cuban, Mark Pincus, Matthew Dellavedova, Mitch Garber, Odell Beckham Jr., Peter Reinhardt, Steve Aoki, Will Gaybrick, Zachary Sims
Jul 1, 2025	ZeroEntropy	$4.0M Seed	—	Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Initialized Capital, Matrix, Otherwise Fund, Pioneer Fund, Runa Capital, Summit Partners, SV Angel, Theory Forge Ventures, XFactor Ventures, Y Combinator, Aayush Phumbhra, Azeem Azhar, Ben Tossell, Chris Smoak, Klaus von Sayn-Wittgenstein, Krishna Mehra, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers
Jul 1, 2025	Dakota Ridge	$13.0M Series A	—	Catapult Capital, CoinFund, Cowboy Ventures, Draper Associates, Evolve VC, ff Venture Capital, First Round Capital, HOF Capital, Lobby Capital, Mayfield, Motier Ventures, Rick Yang, NFX, Sierra Ventures, The Hit Forge, White Star Capital, Marcus Segal, Shervin Pishevar, Tom Williams
Jun 1, 2025	Runwise	$30.0M Series B	—	Alumni Ventures, DataPower Ventures, Draper Associates, ff Venture Capital, Fifth Wall, F-Prime Capital Partners, Magma Partners, Menlo Ventures, Pioneer Square Labs, Rubicon VC, Silence, SOJA Ventures, Space Capital, Jeff Hammerbacher
Jun 1, 2025	Applied Intuition	$600.0M Series F	—	AngelList, Founder Collective, Greylock, Khosla Ventures, Kleiner Perkins, Aaron Levie, Akshay Kothari, Frederic Kerrest, Howie Liu, Immad Akhund, Jeremy Stoppelman, Max Mullen, Michael Ma, Neha Narkhede, Oliver Cameron, Sam Blond
Jun 1, 2025	Antimetal	$20.0M Series A	—	AirAngels, AngelList, C2 Investment, Founder Collective, Greylock, Homebrew, Innovation Endeavors, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Otherwise Fund, Preston-Werner Ventures, Sapphire Ventures, Spero Ventures, Aaron Levie, Adrian Aoun, Akshay Kothari, Amjad Masad, Andrew Berman, Arash Ferdowsi, Ben Tossell, Ben Uretsky, Charlie Cheever, Charlie Songhurst, Christina Cacioppo, David Lieb, Ding Zhou, Frederic Kerrest, Howie Liu, Jeremy Stoppelman, Karim Atiyeh, Kyle Vogt, Matteo Franceschetti, Max Mullen, Mike Hudack, Mike Krieger, Neha Narkhede, Sam Blond, Siqi Chen, Tobias Lutke
Jun 1, 2025	Harmony (tryharmony.ai)	$2.0M Seed	—	Alt Capital, Browder Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Founders Fund, Friends & Family Capital, FTX Ventures, Global Founders Capital, Greenoaks Capital, Matrix, Meritech Capital Partners, Mischief Venture Capital, Otherwise Fund, Redpoint Ventures, Saga, Summit Partners, SV Angel, TCV, The Hit Forge, Theory Forge Ventures, Y Combinator, Azeem Azhar, Ben Tossell, Christina Cacioppo, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Kulveer Taggar, Mathilde Collin, Max Mullen, Parker Conrad, Paul Graham, Paul Stahura, Scott Belsky, Sean Rad, Siqi Chen, Thijn Lamers
Jun 1, 2025	Alta	$11.0M Seed	—	50 Partners, AirAngels, Andreessen Horowitz, C2 Investment, Giza Polish Ventures, Goat Capital, Greylock, Hanabi Capital, Homebrew, Klossy, Lightspeed Venture Partners, Madrona Ventures, Makers Fund, Menlo Ventures, NEO, Ann Bordetsky, Obvious Ventures, Otherwise Fund, Outrun Ventures, Sequoia Capital, Spero Ventures, Stellar Capital, Stellation Capital, Vibe Capital, Volition Capital, Y Combinator, Amjad Masad, Charlie Songhurst, David Lieb, Jeff Seibert, Karim Atiyeh, Kelvin Beachum Jr., Kevin Weil, Manish Chandra, Mike Hudack, Mike Krieger, Ron Pragides, Thibaud Elziere, Tobias Lutke, Tony Xu, William Levy
Jun 1, 2025	Xona	$92.0M Series B	—	468 Capital, Bascom Ventures, B Capital Group, Craft Ventures, Crowberry Capital, Future Ventures, Khosla Ventures, Mischief Venture Capital, Seraphim Space, Susa Ventures, TitletownTech, Chris Gasteratos, Chris Schagen, Julius Genachowski, Ken Howery
Jun 1, 2025	Delphi	$16.0M Series A	—	ACME Capital, AirAngels, C2 Investment, Frederique Dame, Homebrew, IVP, Lightspeed Venture Partners, Hans Tung, Otherwise Fund, Seven Seven Six, Spero Ventures, The General Partnership, The House Fund, Ulu Ventures, Workday Ventures, Amjad Masad, Arash Ferdowsi, Charlie Songhurst, David Lieb, Ding Zhou, Karim Atiyeh, Kevin Weil, Marc Benioff, Mike Hudack, Mike Krieger, Tobias Lutke
Jun 1, 2025	YieldClub	$3.0M Seed	—	AirAngels, C2 Investment, Homebrew, Lightspeed Venture Partners, Otherwise Fund, Spero Ventures, Amjad Masad, Charlie Songhurst, David Lieb, Karim Atiyeh, Mike Hudack, Mike Krieger, Tobias Lutke

Financial History

Total Raised

N/A

Valuation

N/A

Deep Dive

Spark Capital: High-Level Overview

Spark Capital is a leading multi-stage venture capital firm with a mission to back visionary founders building transformative companies across technology and innovation. Founded in 2005, Spark Capital invests across all stages—from seed to growth—with a philosophy centered on founder-driven partnerships and long-term value creation. The firm is known for its flexible, founder-first approach, supporting entrepreneurs who challenge the status quo and aim to disrupt established markets. Its core investment sectors include consumer internet, commerce, fintech, enterprise software, media, frontier tech (such as AI, crypto, and robotics), and hardware. Spark Capital’s impact on the startup ecosystem is profound, having backed some of the most influential tech companies of the past two decades, including Twitter, Discord, Cruise, Affirm, and Coinbase, and helping shape the trajectory of entire industries.

Origin Story

Spark Capital was founded in 2005 by Bijan Sabet, Paul Conway, Santo Politi, and Todd Dagres, with a vision to support bold founders building the future. The firm began as a generalist venture capital player but quickly distinguished itself by backing early-stage startups with outsized potential. Over the years, Spark expanded its team to include notable partners such as Jeremy Philips, Alex Finkelstein, Yasmin Razavi, and Nabeel Hyatt, and broadened its geographic reach with offices in San Francisco, New York, and Boston. The firm’s evolution has been marked by a consistent focus on backing founders who are not just building products, but redefining markets. Spark’s early bets on companies like Twitter and Tumblr set the tone for its reputation as a firm that identifies and nurtures category-defining startups.

Core Differentiators

Founder-First Philosophy: Spark Capital prioritizes close, collaborative relationships with founders, offering strategic and operational support beyond just capital.
Multi-Stage Flexibility: The firm invests across all stages, from seed to growth, allowing it to back companies throughout their lifecycle.
Diverse Sector Expertise: Spark’s portfolio spans consumer, commerce, fintech, software, frontier tech, and media, reflecting its generalist approach and ability to spot emerging trends.
Proven Track Record: With over 580 investments and 99 exits—including landmark IPOs and acquisitions (Twitter, Coinbase, Affirm, Slack, Cruise)—Spark has a reputation for identifying and scaling transformative companies.
Strong Network & Ecosystem: Spark’s partners bring deep industry connections, operational experience, and a robust network that helps portfolio companies scale globally.

Role in the Broader Tech Landscape

Spark Capital is riding the wave of digital transformation, investing at the intersection of consumer behavior, financial innovation, and technological disruption. The firm’s timing has been impeccable, backing companies during pivotal moments in the rise of social media, fintech, AI, and crypto. Market forces such as the shift to digital commerce, the growing importance of decentralized finance, and the acceleration of AI adoption have all played to Spark’s strengths. By supporting founders who are building the infrastructure of the future, Spark Capital not only benefits from these trends but also helps shape them, influencing how technology evolves and how startups scale in an increasingly interconnected world.

Quick Take & Future Outlook

Looking ahead, Spark Capital is well-positioned to continue its legacy of backing the next generation of disruptive startups. As AI, crypto, and frontier tech mature, Spark’s multi-stage, sector-agnostic approach will allow it to capture value across emerging opportunities. The firm’s emphasis on founder partnerships and operational support will remain a key differentiator in a competitive VC landscape. Spark’s influence is likely to grow as it continues to back companies that redefine industries and shape the future of technology. Just as Biz Stone’s dog became a symbol of Spark’s creative, founder-friendly spirit, the firm’s future will be defined by its ability to adapt, innovate, and back the bold ideas that change the world.

Sources

Spark Capital: High-Level Overview

Origin Story

Core Differentiators

Founder-First Philosophy: Spark Capital prioritizes close, collaborative relationships with founders, offering strategic and operational support beyond just capital.
Multi-Stage Flexibility: The firm invests across all stages, from seed to growth, allowing it to back companies throughout their lifecycle.
Diverse Sector Expertise: Spark’s portfolio spans consumer, commerce, fintech, software, frontier tech, and media, reflecting its generalist approach and ability to spot emerging trends.
Proven Track Record: With over 580 investments and 99 exits—including landmark IPOs and acquisitions (Twitter, Coinbase, Affirm, Slack, Cruise)—Spark has a reputation for identifying and scaling transformative companies.
Strong Network & Ecosystem: Spark’s partners bring deep industry connections, operational experience, and a robust network that helps portfolio companies scale globally.

Spark Capital