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The Venture Codex

Spark Capital

332 Pine Street, Floor 7, San Francisco, CA, 94104, United States

Overview

Early-stage venture capital firm investing in exceptional products.

Founded

2005

Deals ยท 12mo

56

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A
Series B

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

510rounds
NAMEDATESIZE
Oratomic
Oct 2026Led
$475 MSeries B
HiringCafe
Sep 2026Led
$7 MSeed
Rune
Sep 2026Led
$40 MSeries A
Piston Technologies
Sep 2026Participated
$15 MSeries A
TAR
Sep 2026Led
$120 MSeries A
Stoke Space
Sep 2026Led
$1.0 BSeries E
Light
Sep 2026Participated
$46 MSeries A
Sigma Advanced Systems
Aug 2026Led
$48 MOther Equity
CivilGrid
Aug 2026Led
$26 MSeries A
Standard Metrics
Aug 2026Participated
$20 MSeries B
Neros Technologies
Aug 2026Participated
$250 MSeries C
Lumilens
Aug 2026Led
$700 MSeries C
Oratomic
Oct 2026Led
$475 MSeries B
HiringCafe
Sep 2026Led
$7 MSeed
Rune
Sep 2026Led
$40 MSeries A
Piston Technologies
Sep 2026Participated
$15 MSeries A
TAR
Sep 2026Led
$120 MSeries A
Stoke Space
Sep 2026Led
$1.0 BSeries E
Light
Sep 2026Participated
$46 MSeries A
Sigma Advanced Systems
Aug 2026Led
$48 MOther Equity
CivilGrid
Aug 2026Led
$26 MSeries A
Standard Metrics
Aug 2026Participated
$20 MSeries B
Neros Technologies
Aug 2026Participated
$250 MSeries C
Lumilens
Aug 2026Led
$700 MSeries C
510
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Spark Capital: 510 funding rounds are recorded in the selected participation categories.All available history.
Spark Capital: 510 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed3825
Series A7931
Series B4862
Series C+3496
Other Equity3951
ICO01
Debt15

Monthly Deal Activity

Spark Capital: 510 deals are recorded across 234 months.All available history.
Spark Capital: 510 deals are recorded across 234 months. All available history
MonthDeals
May '071
Jun '070
Jul '070
Aug '070
Sep '070
Oct '070
Nov '070
Dec '070
Jan '080
Feb '080
Mar '081
Apr '081
May '081
Jun '080
Jul '080
Aug '080
Sep '081
Oct '080
Nov '081
Dec '081
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '091
Jul '090
Aug '090
Sep '092
Oct '091
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '101
May '100
Jun '101
Jul '100
Aug '101
Sep '101
Oct '100
Nov '101
Dec '103
Jan '115
Feb '110
Mar '116
Apr '112
May '110
Jun '113
Jul '110
Aug '111
Sep '111
Oct '110
Nov '112
Dec '110
Jan '120
Feb '120
Mar '121
Apr '120
May '124
Jun '121
Jul '120
Aug '120
Sep '120
Oct '122
Nov '123
Dec '122
Jan '133
Feb '133
Mar '130
Apr '133
May '132
Jun '134
Jul '133
Aug '130
Sep '134
Oct '134
Nov '131
Dec '133
Jan '140
Feb '142
Mar '140
Apr '144
May '143
Jun '140
Jul '145
Aug '141
Sep '143
Oct '144
Nov '144
Dec '142
Jan '154
Feb '151
Mar '152
Apr '154
May '152
Jun '152
Jul '151
Aug '153
Sep '156
Oct '151
Nov '153
Dec '151
Jan '162
Feb '161
Mar '160
Apr '162
May '164
Jun '162
Jul '162
Aug '162
Sep '162
Oct '163
Nov '162
Dec '164
Jan '173
Feb '170
Mar '170
Apr '170
May '173
Jun '173
Jul '172
Aug '172
Sep '171
Oct '172
Nov '174
Dec '173
Jan '181
Feb '185
Mar '186
Apr '184
May '183
Jun '181
Jul '180
Aug '183
Sep '183
Oct '184
Nov '180
Dec '185
Jan '192
Feb '193
Mar '192
Apr '194
May '196
Jun '191
Jul '192
Aug '192
Sep '191
Oct '194
Nov '195
Dec '190
Jan '201
Feb '202
Mar '200
Apr '205
May '203
Jun '206
Jul '203
Aug '201
Sep '203
Oct '207
Nov '201
Dec '202
Jan '215
Feb '211
Mar '214
Apr '215
May '217
Jun '212
Jul '216
Aug '215
Sep '214
Oct '212
Nov '213
Dec '213
Jan '223
Feb '228
Mar '226
Apr '224
May '224
Jun '223
Jul '223
Aug '222
Sep '223
Oct '220
Nov '224
Dec '220
Jan '231
Feb '231
Mar '232
Apr '230
May '232
Jun '231
Jul '231
Aug '232
Sep '231
Oct '233
Nov '231
Dec '233
Jan '241
Feb '242
Mar '243
Apr '245
May '244
Jun '244
Jul '243
Aug '241
Sep '241
Oct '243
Nov '245
Dec '241
Jan '252
Feb '254
Mar '254
Apr '253
May '252
Jun '254
Jul '250
Aug '253
Sep '252
Oct '255
Nov '253
Dec '254
Jan '262
Feb '263
Mar '267
Apr '267
May '264
Jun '268
Jul '262
Aug '266
Sep '266
Oct '261

Sector Breakdown

Spark Capital: Enterprise Software is the largest displayed sector by deal count (136 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Spark Capital: Enterprise Software is the largest displayed sector by deal count (136 deals). All available history
SectorDeals
Enterprise Software136
Networks, Cloud & Communication123
Fintech120
AI & Machine Learning98
Media & Entertainment65
E-Commerce & Retail63
Data, Analytics & IT61
Professional Services60
Hardware & Robotics59
Health & Life Sciences56
Consumer & Lifestyle53
Social & Community Platforms53
Developer Tools46
Marketing & Advertising44
Travel & Hospitality31
Real Estate & Construction31
Space & Frontier Tech30
Cybersecurity & Privacy26
Transportation & Logistics25
Crypto & Blockchain24
Education & Workforce21
Manufacturing18
Food & Agriculture15
Gaming & eSports12
Clean Energy & Sustainability8
Government & Defense7
AR/VR7

Deal Size Distribution

Spark Capital: 510 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Spark Capital: 510 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M65
$5M-$10M59
$10M-$25M132
$25M-$50M86
$50M-$100M71
$100M-$250M61
$250M-$500M23
$500M-$1B9
$1B+4

Deals By Geography

Spark Capital: United States has the largest recorded deal count among the displayed regions (411 deals).All available history.

Top 10 of 13 regions; European countries are grouped as Europe.

Spark Capital: United States has the largest recorded deal count among the displayed regions (411 deals). All available history
RegionDeals
United States411
Europe61
Israel10
Canada9
Brazil4
Australia4
India3
Singapore3
Nigeria1
Sw1x 7hn1
Spark Capital: 20 co-investors are shown, with Andreessen Horowitz sharing 38 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Spark Capital: 20 co-investors are shown, with Andreessen Horowitz sharing 38 recorded deals. All available history
Co-investorShared deals
Andreessen Horowitz38
Sequoia Capital34
Union Square Ventures33
Index Ventures31
General Catalyst26
Kleiner Perkins23
Accel22
Lightspeed Venture Partners21
Coatue19
SV Angel18
Thrive Capital17
Google Ventures16
Khosla Ventures16
Greylock Partners15
Redpoint Ventures15
Tiger Global15
Y Combinator14
Altimeter Capital13
First Round13
Lerer Hippeau13

Investment Strategy

Spark Capital: Led accounts for 47% and participating for 53% of round participation.All available history.
Spark Capital: Led accounts for 47% and participating for 53% of round participation. All available history
CategoryDeals (count)Share (%)
Led23947%
Participating27153%
Spark Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Spark Capital: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead15967%
Co-led8033%

Team

Alex Finkelstein

Co-founder & General Partner

Arpan Shah

Co-Founder

Bijan Sabet

Co-Founder and General Partner

Clay Fisher
Fraser Kelton
James Kuklinski
Jeremy Philips

General Partner, Growth

Nabeel Hyatt

General Partner

Natalie Sandman

General Partner, Early

Paul Conway

General Partner & CFO

Santo Politi

Co-Founder and General Partner

Vaibhav Arren
Will Reed
Yasmin Razavi

General Partner