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Venture Capital

Spark Capital

Spark Capital backs early-stage and high-growth companies, typically pre-profit, from San Francisco, CA. It states a focus on software & internet, healthcare & life sciences and financial services.

Disclosed holdings46
Earliest stated investment
HeadquartersSan Francisco, CA
Largest single fundNot stated

Regulatory record

How Spark Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised27 · $16bn gross
SEC adviser numberCRD 161231

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Spark Capital lists on its own website. No investment years are published. 2 have a recorded transaction against them in the deal archive.

CompanyInvestedYears heldRecorded transaction
Abridge
Affirm
Air Space Intelligence
Anthropic
Basepowercompany
Baseten
Benchling
Bot
Chainguard
Coinbase
Cruise$80m 2016
Crusoe
Ctrl Labs
Deel
Discord
Edison Scientific
Enfabrica
Flock Safety
Generalist AI
Inversion Space
Kalshi
Letsdeel
Lightmatter
Lumafield
Mercury
Mirror
Niantic
Nianticlabs
Oculus
Optimism
Parallel
Plaid
Profluent
Ramp
Scale
Scale AI
Sesame
Slack
Snap
Stoke Space
Tumblr$10m 2019
Twitter
Wildtype Foods
Zeromatter
joinhandshake.com
trialspark.com

Compiled from Spark Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.