# Spark Capital: portfolio, investments and team

> Spark Capital is a vc firm based in United States. 471 investments on record, 58 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/spark-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Spark Capital

Last cheque observed Oct 2026; 471 cheques on record.

Email

Deploying now New fund $25M, Aug 2026 VC firm

Pre-seed Seed Series A B-to-c Genai Streaming

Follow Spark Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fspark-capital)

Deploying now

**92%** of best year **58** **cheques in 12 months**, 471 on record

Since the last cheque **11** days **00** hrs **00** min **00** sec

Median round **$40M** Cheque size, as they say **$1.0M – $50M** Rounds led **26 of 471** Sole investor **28 rounds** Exits **32 from the portfolio** Mostly in **United States, 79%**

Pitch Spark Capital

## Spark Capital highlights

- 01 58 cheques in the last 12 months
- 02 Mostly Series A and Series B: 53% of its rounds
- 03 Sole investor in 28 rounds, median $8.2M
- 04 32 exits from the portfolio

## What they do

> Spark Capital invests in products we love by creators we admire across all sectors and stages. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $50M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** B-to-c Genai Streaming
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **471 appearances**

- **2026** 52 rounds
- **Oct** **[ASI](https://millionrounds.com/company/asi)** Series C · US · Google News search **$325M** *Led*
- **Oct** **[Oratomic](https://millionrounds.com/company/oratomic)** Series B · US · Silicon Angle **$475M** *Led*
- **Sept** **[Bird.com](https://millionrounds.com/company/bird-com)** Debt · NL · Ventureburn **$450M** With 9 others
- **Sept** **[TAR](https://millionrounds.com/company/tar)** Series A · US · Ventureburn **$120M** *Led*
- **Sept** **[Stoke Space Technologies](https://millionrounds.com/company/stoke-space-technologies)** Series E · US · MaC Venture Capital **$1.0B** *Led*
- **Sept** **[Teamshares](https://millionrounds.com/company/teamshares)** US **$225M** With 3 others
- **Sept** **[Rune Energy](https://millionrounds.com/company/rune-energy)** Series A · US **$40M** With 2 others
- **Sept** **[Piston](https://millionrounds.com/company/piston)** Series A · FR **$15M** With 3 others
- **Sept** **[HiringCafe](https://millionrounds.com/company/hiringcafe)** Pre-seed · US **$6.8M** Sole investor
- **Sept** **[Light](https://millionrounds.com/company/light)** Series A · US · TechStartups **$46M** With 11 others
- **Aug** **[Standard Metrics](https://millionrounds.com/company/standard-metrics)** Series B · US · Ventureburn **$20M** With 2 others
- **Aug** **[Generalist](https://millionrounds.com/company/generalist)** Series B · TechCrunch **$200M** With 4 others
- **Aug** **[Neros Technologies](https://millionrounds.com/company/neros-technologies)** Series C · US · TechStartups **$250M** With 5 others
- **Aug** **[Lumilens](https://millionrounds.com/company/lumilens)** Series C · US · Ventureburn **$700M** *Led*
- **Aug** **[Convex](https://millionrounds.com/company/convex)** Series B · US · Ventureburn **$57M** With 3 others
- **Jul** **[Cover Genius](https://millionrounds.com/company/cover-genius)** Venture · AU · AlleyWatch **$111M** With 2 others
- **Jul** **[Oratomic](https://millionrounds.com/company/oratomic)** Series A · US · TechCrunch **$300M** *Led*
- **Jul** **[Badi](https://millionrounds.com/company/badi)** Growth · ES **$5.4M** With 4 others
- **Jul** **[Synera](https://millionrounds.com/company/synera)** Series B · DE · DTCF DeepTech & Climate Fonds **$46M** With 5 others
- **Jun** **[Cadence](https://millionrounds.com/company/cadence)** Series C · US · Ventureburn **$100M** *Led*
- **Jun** **[Baseten](https://millionrounds.com/company/baseten)** Growth · US · Crunchbase News **$1.5B** *Led*
- **Jun** **Cyera** Growth · US · TechCrunch **$600M** With 13 others
- **Jun** **[Vinyl Equity](https://millionrounds.com/company/vinyl-equity)** Series A · US · Ventureburn **$20M** With 6 others
- **Jun** **[Morpho](https://millionrounds.com/company/morpho)** Seed · FR · Ventureburn **$175M** With 18 others
- **Jun** **[Generalist AI](https://millionrounds.com/company/generalist-ai)** Series B · US · Ventureburn **$400M** With 13 others
- **Jun** **[Town](https://millionrounds.com/company/town)** Series B · US · Ventureburn **$55M** With 2 others
- **Jun** **[Perk](https://millionrounds.com/company/perk)** Debt · GB · Ventureburn **$300M** With 7 others
- **Jun** **[Novellia](https://millionrounds.com/company/novellia)** Series A · US · AlleyWatch **$18M** *Led*
- **Jun** **[xdof](https://millionrounds.com/company/xdof)** Venture · US **$70M** With 4 others
- **May** **[Mercury](https://millionrounds.com/company/mercury)** Series D · US · Crunchbase News **$200M** With 7 others
- **May** **[Sigma](https://millionrounds.com/company/sigma)** Growth · US · Ventureburn **$80M** With 11 others
- **May** **[Conductor](https://millionrounds.com/company/conductor)** Series A · US **$22M** With 1 other
- **May** **[Sigma Computing](https://millionrounds.com/company/sigma-computing)** Series E · US **$80M** With 1 other
- **Apr** **[Parallel Web Systems](https://millionrounds.com/company/parallel-web-systems)** Series B · US · Google News search **$100M** With 7 others
- **Apr** **[Afresh](https://millionrounds.com/company/afresh)** TechStartups **$34M** With 5 others
- **Apr** **[Zum](https://millionrounds.com/company/zum)** Growth · US · TechStartups **$100M** With 3 others
- **Apr** **[SiFive](https://millionrounds.com/company/sifive)** Growth · US · Crunchbase News **$400M** With 10 others
- **Apr** **[Latent](https://millionrounds.com/company/latent)** Series A · US · Ventureburn **$80M** *Led*
- **Apr** **[Synera](https://millionrounds.com/company/synera)** Series B · DE **$40M** With 2 others
- **Apr** **[Standard Intelligence](https://millionrounds.com/company/standard-intelligence)** Series A · US **$75M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **19 named**

AF **Alex Finkelstein** Managing Member of the General Partner i Filing they signed

AL **Alexa Lyons** Chief Financial Officer i Form ADV

AJ **Alexander J Finkelstein** Member i Form ADV

AP **Andrew Parker** Executive Officer i Filing they signed

BS **Bijan Sabet** Executive Officer i Filing they signed

CF **Clay Fisher** Managing Member of the General Partner i Filing they signed

DB **Diana Berisha** General Counsel i Form ADV

FK **Fraser Kelton** Managing Member of the General Partner i Filing they signed

JG **Jeremy G Philips** Managing Member of the General Partner i Filing they signed

KT **Kevin Thau** Managing Member of the General Partner i Filing they signed

MQ **Megan Quinn** Executive Officer i Filing they signed

MK **Moshe Koyfman** Executive Officer i Filing they signed

NH **Nabeel Hyatt** Managing Member of the General Partner i Filing they signed

PC **Paul Conway** Managing Member of the General Partner i Filing they signed

SP **Santo Politi** Managing Member of the General Partner i Filing they signed

TD **Todd Dagres** Executive Officer i Filing they signed

WR **Wiliam Reed** Managing Member of the General Partner i Filing they signed

WF **William Fields Reed** Managing Member of the General Partner i Filing they signed

YR **Yasmin Razavi** Managing Member of the General Partner i Filing they signed

We also hold **26** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$16B** gross assets of its funds Oct 2026

**2+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Spark Capital Partners, LLC
- **SEC number:** CRD 161231

Who backs their funds

## 1 LP on record in Spark Capital's funds

- **Committed:** $30M
- **Funds:** 2
- **Vintages:** 2024

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2025.

- [**California State Teachers Retirement System** 2 funds *$30M*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed Spark Capital Growth Fund V 2024 $20M Spark Capital Fund VIII 2024 $10M

## What they claim to have backed

From their own portfolio page (on their website)

**21** of 44 we have independently watched raise

[the](https://millionrounds.com/company/crusoe)[the](https://millionrounds.com/company/affirm)[the](https://millionrounds.com/company/baseten)[the](https://millionrounds.com/company/benchling)[the](https://millionrounds.com/company/the-bot-company)[the](https://millionrounds.com/company/chainguard)[the](https://millionrounds.com/company/abridge)[the](https://millionrounds.com/company/ctrl-labs)[the](https://millionrounds.com/company/discord)[the](https://millionrounds.com/company/enfabrica)[the](https://millionrounds.com/company/flock-safety)[the](https://millionrounds.com/company/generalist)[the](https://millionrounds.com/company/kalshi)[the](https://millionrounds.com/company/lightmatter)[the](https://millionrounds.com/company/lumafield)[the](https://millionrounds.com/company/niantic)[the](https://millionrounds.com/company/oratomic)[the](https://millionrounds.com/company/parallel-web-systems)[the](https://millionrounds.com/company/slack)[the](https://millionrounds.com/company/stoke-space)[the](https://millionrounds.com/company/wild-type) the the the the the the the the the the the the the the the the the the the the the the the

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **32 in all**

**[Smash.gg](https://millionrounds.com/company/smash-gg)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Dec 2020

**[Socratic](https://millionrounds.com/company/socratic)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Oct 2019

**[Cover](https://millionrounds.com/company/cover)** Bought by [Velocity](https://millionrounds.com/fund/velocity) **Undisclosed** Sept 2015

**[Covestor](https://millionrounds.com/company/covestor)** Bought by [Interactive Brokers Group](https://millionrounds.com/fund/interactive-brokers-group) **Undisclosed** Apr 2015

**[Triggit](https://millionrounds.com/company/triggit)** Bought by Gravity4 **Undisclosed** Mar 2015

**[Pixelapse](https://millionrounds.com/company/pixelapse)** Bought by [Dropbox](https://millionrounds.com/fund/dropbox-ventures) **Undisclosed** Jan 2015

**[Aviary](https://millionrounds.com/company/aviary)** Bought by [Adobe Systems](https://millionrounds.com/fund/adobe-systems) **Undisclosed** Sept 2014

**[OnSwipe](https://millionrounds.com/company/onswipe)** Bought by Beanstock Media **Undisclosed** Aug 2014

**[Extension Entertainment](https://millionrounds.com/company/extension-entertainment)** Bought by Rhapsody **Undisclosed** Aug 2014

**[Oculus VR](https://millionrounds.com/company/oculus-vr)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **$2.0B** Mar 2014

**[Twitter](https://millionrounds.com/company/twitter)** Listed **$1.8B** Nov 2013

**[Sincerely](https://millionrounds.com/company/sincerely)** Bought by Provide Commerce **Undisclosed** Nov 2013

**[Altius Education](https://millionrounds.com/company/altius-education)** Bought by Helix Education **Undisclosed** Oct 2013

**[Adap.tv, now a part of ONE by AOL](https://millionrounds.com/company/adap-tv-now-a-part-of-one-by-aol)** Bought by [AOL](https://millionrounds.com/fund/aol) **$405M** Aug 2013

**[Lexity](https://millionrounds.com/company/lexity)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **Undisclosed** Jul 2013

**[Tumblr](https://millionrounds.com/company/tumblr)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **$1.1B** May 2013

**[Group Commerce](https://millionrounds.com/company/group-commerce)** Bought by Nimble Commerce **Undisclosed** May 2013

**[gdgt](https://millionrounds.com/company/gdgt)** Bought by [AOL](https://millionrounds.com/fund/aol) **Undisclosed** Feb 2013

**[KickApps](https://millionrounds.com/company/kickapps)** Bought by Perfect Sense Digital **Undisclosed** Dec 2012

**[Verivue](https://millionrounds.com/company/verivue)** Bought by [Akamai Technologies](https://millionrounds.com/fund/akamai-technologies) **Undisclosed** Nov 2012

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$25M**

raised in Aug 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$40M** the round, not its cheque Alone, median **$8.2M**

Led 26 of 471 rounds **6%**

- **Said size:** $1.0M – $50M
- **Sole investor:** 28 rounds
- **Last cheque:** Oct 2026
- **Exits:** 32 from the portfolio

Rounds by stage said on their site

- Series A said *116*
- Series B said *100*
- Venture *62*
- Seed said *56*
- Series C *55*
- Series D *22*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 37
- [SV Angel](https://millionrounds.com/fund/sv-angel) 35
- [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) 35
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 29
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 28
- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 27

**Pitching Spark Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## Who they invest alongside

The investors most often in the same rounds as Spark Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Andreessen Horowitz** VC firm **37** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**SV Angel** VC firm **35** rounds together](https://millionrounds.com/fund/sv-angel)[**Union Square Ventures** VC firm **35** rounds together](https://millionrounds.com/fund/union-square-ventures)[**Y Combinator** Accelerator **29** rounds together](https://millionrounds.com/fund/y-combinator)[**Sequoia Capital** VC firm **28** rounds together](https://millionrounds.com/fund/sequoia-capital)[**General Catalyst** VC firm **27** rounds together](https://millionrounds.com/fund/general-catalyst)[**Index Ventures** VC firm **24** rounds together](https://millionrounds.com/fund/index-ventures)[**BoxGroup** VC firm **19** rounds together](https://millionrounds.com/fund/boxgroup)[**Betaworks** VC firm **17** rounds together](https://millionrounds.com/fund/betaworks)[**Alumni Ventures** VC firm **15** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**First Round Capital** VC firm **15** rounds together](https://millionrounds.com/fund/first-round-capital)[**Lightspeed Venture Partners** VC firm **15** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)

## Recently backed

The latest companies Spark Capital put money into.

[**ASI** $325M · Oct 2026](https://millionrounds.com/company/asi)[**Oratomic** $475M · Oct 2026](https://millionrounds.com/company/oratomic)[**TAR** $120M · Sept 2026](https://millionrounds.com/company/tar)[**Stoke Space Technologies** $1.0B · Sept 2026](https://millionrounds.com/company/stoke-space-technologies)[**Teamshares** $225M · Sept 2026](https://millionrounds.com/company/teamshares)[**Piston** $15M · Sept 2026](https://millionrounds.com/company/piston)

## Quick answers about Spark Capital

### What does Spark Capital invest in?

Spark Capital invests most often at Series A and Series B (53% of the rounds on record), in sectors such as B-to-c, Genai and Streaming.

### How active is Spark Capital?

471 investments on record, 58 of them in the last 12 months, and it led 26. The most recent was in Oct 2026.

### What has Spark Capital invested in recently?

Its most recent investments on record: ASI (Series C, Oct 2026), Oratomic (Series B, Oct 2026) and Bird.com (Debt, Sept 2026).

### How big are Spark Capital's cheques?

The median round it joins is $40M. It says it writes cheques of $1.0M to $50M.

### Does Spark Capital lead rounds?

Sometimes: it led 26 of its 471 investments on record (6%).

### Where does Spark Capital invest?

Most of the companies it backs are in the United States (79%), France (5%) and Germany (5%).

### Is Spark Capital investing now?

Yes: it is actively investing, with 58 investments in the last 12 months.

### Who does Spark Capital invest alongside?

Most often Andreessen Horowitz (37 rounds together), SV Angel (35 rounds together) and Union Square Ventures (35 rounds together).

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