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The Venture Codex

Sparking Capital

Piata Charles De Gaulle 15 Bl. CHARLES DE GAULLE PLAZA Et. 3 Ap. BIR. 327, Bucuresti, Sectorul 1, Romania

Overview

Early stage micro fund investing in diverse innovative startups.

Founded

2017

Deals · 12mo

2

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Czech Republic
Romania
Russian Federation
United States

Sector focus

—

Investment portfolio

12rounds
NAMEDATESIZE
Pluria
May 2026Led
$2 MOther Equity
RobosizeME
Feb 2026Participated
$2 MSeed
Vatis Tech
Feb 2023Led
$0.69 MSeed
Hyperhuman
Mar 2022Led
$0.78 MSeed
KFactory
Feb 2022Participated
$0.67 MSeed
Ecotree Romania
Dec 2021Led
$0.57 MSeed
Vatis Tech
Sep 2021Participated
$0.24 MSeed
Bright Spaces
Aug 2021Participated
$2 MSeed
Constanta
Apr 2021Led
$0.73 MOther Equity
Questo
Feb 2021Participated
$2 MOther Equity
Hyperhuman
Jan 2021Participated
$0.61 MOther Equity
Questo
Jul 2020Led
$0.34 MOther Equity
Pluria
May 2026Led
$2 MOther Equity
RobosizeME
Feb 2026Participated
$2 MSeed
Vatis Tech
Feb 2023Led
$0.69 MSeed
Hyperhuman
Mar 2022Led
$0.78 MSeed
KFactory
Feb 2022Participated
$0.67 MSeed
Ecotree Romania
Dec 2021Led
$0.57 MSeed
Vatis Tech
Sep 2021Participated
$0.24 MSeed
Bright Spaces
Aug 2021Participated
$2 MSeed
Constanta
Apr 2021Led
$0.73 MOther Equity
Questo
Feb 2021Participated
$2 MOther Equity
Hyperhuman
Jan 2021Participated
$0.61 MOther Equity
Questo
Jul 2020Led
$0.34 MOther Equity
12
Items
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Sparking Capital: 12 funding rounds are recorded in the selected participation categories.All available history.
Sparking Capital: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed34
Other Equity32

Monthly Deal Activity

Sparking Capital: 12 deals are recorded across 76 months.All available history.
Sparking Capital: 12 deals are recorded across 76 months. All available history
MonthDeals
Jul '201
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '211
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '211
Sep '211
Oct '210
Nov '210
Dec '211
Jan '220
Feb '221
Mar '221
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Sparking Capital: Enterprise Software is the largest displayed sector by deal count (11 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.

Sparking Capital: Enterprise Software is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Enterprise Software11
Networks, Cloud & Communication5
Media & Entertainment4
Travel & Hospitality3
AI & Machine Learning3
Real Estate & Construction2
Consumer & Lifestyle2
Professional Services2
Gaming & eSports2
Developer Tools2
Cybersecurity & Privacy1
E-Commerce & Retail1
AR/VR1
Clean Energy & Sustainability1
Data, Analytics & IT1
Manufacturing1

Deal Size Distribution

Sparking Capital: 12 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.

Sparking Capital: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Sparking Capital: Europe has the largest recorded deal count among the displayed regions (10 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Sparking Capital: Europe has the largest recorded deal count among the displayed regions (10 deals). All available history
RegionDeals
Europe10
Russian Federation1
United States1
Sparking Capital: 15 co-investors are shown, with Early Game Ventures sharing 6 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.

Sparking Capital: 15 co-investors are shown, with Early Game Ventures sharing 6 recorded deals. All available history
Co-investorShared deals
Early Game Ventures6
Axeleo Capital1
Botanique Hospitality1
BrightCap Ventures1
Crescendo Ventures1
Eleven Ventures1
Empty Ventures1
Fortech Investments1
Founders Bridge1
Growceanu1
Pi Labs1
SeedBlink1
SeedTwo Capital1
SIF Transilvania1
Simple Capital1

Investment Strategy

Sparking Capital: Led accounts for 50% and participating for 50% of round participation.All available history.
Sparking Capital: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led650%
Participating650%
Sparking Capital: Single-lead accounts for 83% and co-led for 17% of lead dynamics.All available history.
Sparking Capital: Single-lead accounts for 83% and co-led for 17% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead583%
Co-led117%

Team

Cristian Negrutiu

Founding Partner

Vlad Panait

Managing Partner, Founder

Vlad Sarca

General Partner