Venture capital firm
Spark Capital portfolio
sparkcapital.comSpark Capital is a venture capital firm based in San Francisco, United States, founded in 2008. It has invested in 234 venture-backed companies across 352 funding rounds on VCMC, and led 137 of those rounds. 41 of them were in the last 12 months.
234
Venture-backed companies
in its portfolio on VCMC
352
Funding rounds
led 137
41
Last 12 months
rounds, Oct 2025 to Sep 2026
92
With a disclosed valuation
of 234 companies
$1.52T
Combined value of its private companies
the whole companies, not what Spark Capital owns
222 private companies Spark Capital has backed have a VCMC valuation; together they are worth $1.52T. That is the value of the whole companies, not what Spark Capital owns. Anthropic is 72% of the total. 12 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Spark Capital's most valuable portfolio companies
The 10 most valuable private companies Spark Capital has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Anthropic Tech Companies, San Francisco $1.09T range $838.9B – $1.51T Led at Growth, 2023
- 2 Ramp Tech Companies, New York $60.1B range $52.2B – $75.9B Joined at Series C, 2021
- 3 Crusoe Hosting & Cloud Infrastructure Providers, Denver $31.7B range $26.9B – $46.2B Joined at Series E, 2025
- 4 Kalshi Financial Services, New York $25.2B range $19.1B – $34.0B Joined at Series D, 2025
- 5 Deel Software Development Services, San Francisco $18.4B range $15.0B – $21.2B Led at Series B, 2020
- 6 Discord Tech Companies, San Francisco $16.4B range $6.5B – $29.8B Joined at Growth, 2017
- 7 Baseten Software Development Services, San Francisco $14.7B range $11.3B – $21.5B Led at Series B, 2024
- 8 Base Power Utility companies, Austin $13.8B range $11.3B – $19.4B Joined at Series C, 2025
- 9 Solar Energy Company, London $13.8B range $11.3B – $19.4B Joined at Series C, 2025
- 10 Cyera Tech Companies, New York $13.3B range $10.4B – $18.2B Joined at Series C, 2024
Portfolio
Full Spark Capital portfolio (234 companies)
234 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Anthropic Tech Companies · led at Growth, 2023 | Series H May 2026 $65.00B | $1.09T | $838.9B – $1.51T | $1.31T (+20%) | $144.0B | 0% | 6,076 | growing | A | |
| 2 | Crusoe Hosting & Cloud Infrastructure Providers · since Series E, 2025 | Series F Sep 2026 $3.90B | $31.7B | $26.9B – $46.2B | $40.2B (+27%) | $4.4B | 0% | 1,720 | growing | A | |
| 3 | Ramp Tech Companies · since Series C, 2021 | Growth Equity Oct 2026 $1.85B | $60.1B | $52.2B – $75.9B | $66.0B (+10%) | $5.9B | 0% | 6,282 | growing | A | |
| 4 | Kalshi Financial Services · since Series D, 2025 | Series F May 2026 $1.00B | $25.2B | $19.1B – $34.0B | $29.6B (+17%) | $3.3B | 0% | 583 | growing | A | |
| 5 | Cyera Tech Companies · since Series C, 2024 | Series G Jun 2026 $600M | $13.3B | $10.4B – $18.2B | $15.8B (+19%) | $1.7B | 0% | 1,672 | growing | A | |
| 6 | Base Power Utility companies · since Series C, 2025 | Series D Aug 2026 $1.00B | $13.8B | $11.3B – $19.4B | $16.9B (+23%) | $1.9B | 0% | 486 | growing | A | |
| 7 | Stoke Space Aerospace and Defence · led at Series A, 2021 | Series E Sep 2026 $1.00B | $10.3B | $8.7B – $15.0B | $13.1B (+26%) | $1.4B | 0% | 441 | growing | A | |
| 8 | Baseten Software Development Services · led at Series B, 2024 | Series F Jun 2026 $1.50B | $14.7B | $11.3B – $21.5B | $18.7B (+27%) | $2.1B | 0% | 419 | growing | B | |
| 9 | Grammarly Tech Companies · since Series A, 2017 | Growth Equity May 2025 $1.00B | $8.2B | $5.1B – $14.1B | $5.0B (-40%) | $980M | 97% | 951 | shrinking | B | |
| 10 | Plaid Payment Processing & Point of Sale · led at Seed, 2013 | Growth Equity Apr 2025 $575M | $8.5B | $5.7B – $10.2B | $8.1B (-5%) | $832M | 18% | 5,107 | growing | A | |
| 11 | Rapyd Payment Processing & Point of Sale · since Series D, 2021 | Growth Equity Feb 2025 $500M | $4.8B | $3.1B – $5.8B | $4.4B (-7%) | $560M | 19% | 857 | up | B | |
| 12 | Fireblocks Software Development Services · led at Series D, 2021 | Series E Jan 2022 $550M | $7.5B | $1.1B – $11.2B | $7.2B (-4%) | $1.4B | 0% | 970 | up | D | |
| 13 | Deel Software Development Services · led at Series B, 2020 | Series E Oct 2025 $300M | $18.4B | $15.0B – $21.2B | $15.1B (-18%) | $2.6B | 81% | 9,646 | flat | A | |
| 14 | Discord Tech Companies · since Growth, 2017 | Series I Sep 2021 $500M | $16.4B | $6.5B – $29.8B | $15.5B (-5%) | $2.9B | 26% | 5,115 | growing | C | |
| 15 | Perk Tech Companies · led at Series A, 2016 | Debt Sep 2026 $34M | $3.6B | $1.6B – $4.2B | $3.5B (-1%) | $402M | 4% | 49 | flat | B | |
| 16 | Carta Tech Companies · led at Series A, 2012 | Series G Aug 2021 $500M | $10.2B | $4.0B – $16.0B | $10.1B (-1%) | $1.5B | 5% | 5,814 | growing | C | |
| 17 | K2 Space Aerospace and Defence · since Series D, 2026 | Series D Jul 2026 $500M | $7.2B | $5.9B – $10.2B | $8.8B (+22%) | $972M | 0% | 332 | growing | A | |
| 18 | Chainguard Tech Companies · led at Series B, 2023 | Growth Equity Oct 2025 $280M | $3.6B | $2.2B – $5.5B | $3.6B (0%) | $327M | 0% | 766 | growing | B | |
| 19 | Dataiku Tech Companies · since Series A, 2016 | Series F Dec 2022 $200M | $4.0B | $510M – $5.4B | $3.8B (-6%) | $545M | 0% | 1,599 | flat | D | |
| 20 | GetYourGuide Travel Agencies · since Series A, 2013 | Series F Jun 2023 $85M | $1.5B | $329M – $2.3B | $1.4B (-4%) | $167M | 0% | 1,463 | up | C | |
| 21 | Abridge Tech Companies · led at Series B, 2023 | Series E Apr 2026 $316M | $6.2B | $4.6B – $8.2B | $7.1B (+14%) | $780M | 0% | 677 | growing | A | |
| 22 | SiFive Electronical Components Manufacturing · led at Series B, 2017 | Series G Apr 2026 $400M | $4.1B | $3.2B – $5.2B | $4.4B (+8%) | $525M | 19% | 522 | flat | A | |
| 23 | Mercury Banks & ATMs · since Series C, 2025 | Series D May 2026 $200M | $5.9B | $4.5B – $7.9B | $6.9B (+18%) | $760M | 0% | 1,785 | growing | A | |
| 24 | Bird Tech Companies · led at Series C, 2020 | Debt Sep 2026 $450M | $403M | $189M – $2.7B | $403M (0%) | $468M | 97% | 302 | down | D | |
| 25 | Lumilens Electronical Components Manufacturing · led at Series C, 2026 | Series C Aug 2026 $700M | $5.8B | $4.8B – $8.2B | $7.2B (+23%) | $788M | 0% | 148 | growing | A | |
| 26 | Lightmatter Electronical Components Manufacturing · since Series A, 2019 | Series D Oct 2024 $400M | $6.6B | $3.5B – $7.5B | $5.0B (-24%) | $721M | 0% | 371 | up | B | |
| 27 | MatX Electronical Components Manufacturing · led at Series A, 2024 | Series B Feb 2026 $500M | $2.9B | $1.6B – $5.0B | $3.5B (+19%) | $384M | 0% | 146 | growing | B | |
| 28 | Generalist Tech Companies · since Growth, 2026 | Series B Aug 2026 $200M | $3.2B | $2.6B – $5.2B | $4.5B (+40%) | $495M | 0% | 106 | growing | B | |
| 29 | Perk Travel Agencies · since Series B, 2018 | Debt Jun 2026 $300M | $3.7B | $2.2B – $4.3B | $3.7B (0%) | $449M | 0% | 2,155 | up | B | |
| 30 | Fundbox Loans & Financing · led at Growth, 2015 | Series D Nov 2021 $100M | $817M | $74.0M – $1.3B | $772M (-6%) | $142M | 10% | 208 | flat | D | |
| 31 | Formation Bio Pharmaceutical Products · since Series C, 2021 | Series D Jun 2024 $372M | $6.0B | $1.5B – $8.5B | $4.0B (-34%) | $660M | 0% | 198 | flat | C | |
| 32 | TMRW Sports Sports Associations · since Series A, 2024 | Series A Jun 2024 $500M | $5.7B | $1.3B – $8.7B | $3.5B (-39%) | $804M | 0% | 141 | up | C | |
| 33 | Alpaca Financial Services · since Series B, 2021 | Growth Equity Jul 2026 $135M | $1.5B | $1.0B – $2.3B | $1.6B (+7%) | $146M | 0% | 509 | growing | B | |
| 34 | Adept Tech Companies · led at Series B, 2023 | Series B Mar 2023 $350M | $1.2B | $562M – $2.0B | $1.0B (-16%) | $203M | 30% | 93 | growing | C | |
| 35 | Tech Companies · since Series C, 2021 | Series D Apr 2022 $150M | $462M | $105M – $1.6B | $418M (-10%) | $168M | 59% | 126 | flat | D | |
| 36 | Tech Companies · led at Series D, 2024 | Series E May 2026 $80M | $3.4B | $2.6B – $4.5B | $3.9B (+16%) | $428M | 0% | 1,415 | up | A | |
| 37 | Tech Companies · led at Seed, 2013 | Series F Mar 2024 $55M | $978M | $348M – $1.5B | $875M (-11%) | $108M | 0% | 377 | up | C | |
| 38 | Tech Companies · since Series B, 2025 | Series B Oct 2025 $250M | $2.3B | $1.3B – $2.6B | $2.3B (0%) | $248M | 0% | 140 | unknown | B | |
| 39 | Tech Companies · since Series B, 2021 | Series C Apr 2022 $150M | $813M | $107M – $1.6B | $739M (-9%) | $168M | 23% | 227 | flat | D | |
| 40 | Tech Companies · led at Series A, 2024 | Series C Mar 2026 $125M | $1.7B | $1.3B – $2.2B | $1.9B (+12%) | $215M | 0% | 111 | growing | A | |
| 41 | Tech Companies · since Growth, 2011 | Series F Oct 2018 $33M | $231M | $33.9M – $519M | $231M (0%) | $55.8M | 46% | 523 | flat | D | |
| 42 | Tech Companies · since Seed, 2025 | Series A Dec 2025 $130M | $1.3B | $609M – $1.6B | $1.4B (+8%) | $200M | 0% | 160 | growing | B | |
| 43 | Tech Companies · led at Series B, 2022 | Growth Equity Apr 2026 $34M | $398M | $250M – $637M | $419M (+5%) | $37.7M | 0% | 200 | up | B | |
| 44 | Tech Companies · led at Series B, 2018 | Series C Jun 2021 $120M | $342M | $64.3M – $1.7B | $301M (-12%) | $146M | 65% | 114 | down | D | |
| 45 | Graphic Design · since Seed, 2024 | Growth Equity Feb 2026 $150M | $712M | $482M – $1.1B | $753M (+6%) | $67.7M | 0% | 19 | growing | B | |
| 46 | Tech Companies · since Series C, 2016 | Series E Apr 2021 $50M | $287M | $92.8M – $1.9B | $259M (-10%) | $153M | 97% | 282 | down | D | |
| 47 | Casino & Betting · led at Series C, 2025 | Acquisition Jul 2026 $1.30B | $1.6B acquired 2026 | $865M – $1.8B | – | – | 0% | 564 | flat | B | |
| 48 | Tech Companies · led at Series A, 2021 | Growth Equity Aug 2025 $43M | $571M | $336M – $869M | $571M (0%) | $51.4M | 0% | 603 | growing | B | |
| 49 | Art & Music Publishers · led at Series B, 2008 | Series E Sep 2011 $85M | $480M | $56.0M – $879M | $480M (0%) | $114M | 17% | 1,915 | flat | D | |
| 50 | Tech Companies · since Series A, 2014 | Series D Nov 2021 $50M | $215M | $40.2M – $1.2B | $212M (-2%) | $89.4M | 70% | 203 | down | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Spark Capital invests: stages, industries and countries
Most of its rounds are Series C and later (36%). Its companies span 56 industries, most in Tech Companies, Software Development Services and Payment Processing & Point of Sale, across 18 countries.
Rounds by stage
- Pre-seed 1
- Seed 45
- Series A 82
- Series B 97
- Series C and later 127
Investments by industry
- Tech Companies 116
- Software Development Services 14
- Payment Processing & Point of Sale 8
- Electronical Components Manufacturing 7
- Financial Services 6
- Aerospace and Defence 5
- Device Manufacturing 4
- Employment Agencies & HR Consulting 4
Investments by country
- United States 187
- United Kingdom 12
- Canada 5
- Germany 5
- Israel 5
- Australia 3
Recent rounds
Spark Capital's latest investments
Spark Capital's most recent funding rounds, newest first. 41 rounds in the last 12 months.
- Series C, led $325M 20 Oct 2026
- Stoke Space Series E, led $1.00B 8 Sep 2026
- Series A $46M 1 Sep 2026
- Series A, led $26M 27 Aug 2026
- Generalist Series B $200M 25 Aug 2026
- Series B $20M 24 Aug 2026
- Series C $250M 11 Aug 2026
- Lumilens Series C, led $700M 6 Aug 2026
- Series B $57M 4 Aug 2026
- K2 Space Series D $500M 30 Jul 2026
Co-investors
Spark Capital's top co-investors
The investors that most often join the same rounds as Spark Capital. Andreessen Horowitz leads, with 44 rounds together.
- Andreessen Horowitz 44 rounds together
- Sequoia Capital 37 rounds together
- Union Square Ventures 29 rounds together
- Index Ventures 28 rounds together
- Coatue 22 rounds together
- Accel 21 rounds together
- General Catalyst 21 rounds together
- GV 21 rounds together
- Greylock Partners 20 rounds together
- Y Combinator 20 rounds together
About
About Spark Capital
Spark Capital Partners, LLC is an American venture capital firm that invests in early-stage and multi-stage startups across sectors such as consumer internet, enterprise software, gaming, infrastructure technologies, hardware, semiconductors, cryptocurrency, fintech, and artificial intelligence. The firm provides investment and operational support to entrepreneurs, with a focus on supporting founders from traditionally underrepresented groups. Spark Capital operates from offices in San Francisco, Boston, and New York City.
Description from Veridion's company data.
- Founded
- 2008
- Based in
- San Francisco, United States
- Team
- 48 people, +9% in a year
- Type
- Venture capital firm
Focus markets
- Consumer Internet
- Enterprise Software
- Gaming
- Infrastructure Technologies
- Hardware
- Semiconductors
- Cryptocurrency
- Fintech
- Artificial Intelligence
What Spark Capital offers
- Venture Capital Investment Services
- Early-Stage Startup Investment Services
- Multi-Stage Venture Investment Services
- Entrepreneurial Founder Support Services
- Startup Advisory Services
- Industry-Specific Technology Investment Services
- Consumer Internet Venture Investment Services
- Enterprise Software Venture Investment Services
Questions
Spark Capital: frequently asked questions
How many companies has Spark Capital invested in?
234 venture-backed companies on VCMC, across 352 funding rounds.
What are Spark Capital's most valuable private companies?
Anthropic ($1.09T), Ramp ($60.1B), Crusoe ($31.7B), by VCMC's valuation.
What was Spark Capital's latest investment?
Air Space Intelligence, a Series C round in Oct 2026 of $325M, which Spark Capital led.
Which stages does Spark Capital invest in?
Spark Capital invests most often at Series C and later (127 rounds), followed by Series B (97) and Series A (82). It has also joined 45 seed and 1 pre-seed rounds.
What is Spark Capital's portfolio worth?
Its private companies with a VCMC valuation are worth $1.52T together. That is the sum of the companies' values, not what Spark Capital owns.
Who does Spark Capital invest alongside?
Andreessen Horowitz (44 rounds), Sequoia Capital (37 rounds), Union Square Ventures (29 rounds).