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Venture Capital
sparkcapital.com

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Investments

516

Portfolio Exits

79

Funds

19

About Spark Capital

Spark Capital is a Boston-based venture firm. The partners and professionals come from entertainment and media companies including Blockbuster, Lions Gate Entertainment, Sony Pictures Entertainment and Turner Network Television. Some of the team members also come from the technology sector, like Apple, Microsoft, eBay and IAC. As a firm, Spark is stage-agnostic.

Spark Capital Headquarter Location

137 Newbury Street 8th Floor

Boston, Massachusetts, 02116,

United States

617-830-2000

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Expert Collections containing Spark Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Spark Capital in 11 Expert Collections, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

37 items

Startups selling their own branded products directly to consumers via online/mobile channels, rather than relying on department stores or big online marketplaces.

H

HR Tech

65 items

S

Store management tech (In-store retail tech)

55 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

U

Unicorns- Billion Dollar Startups

113 items

T

Travel Technology (Travel Tech)

39 items

Tech-enabled companies offering services and products focused on tourism. This collection includes booking services, search platforms, on-demand travel and recommendation sites, among others.

E

Education Technology (Edtech)

56 items

Latest Spark Capital News

Nomad, “the Brazilians’ dollar bank”, snags $32 million from U.S. VC fund Stripes

May 16, 2022

Nomad, the fintech that allows Brazilians to open a bank account in the United States digitally, announced it raised a $32 million Series B (about BRL 160 million) round led by US venture capital fund Stripes and followed by monashees, Spark Capital, Propel, Globo Ventures and Abstract. After less than two years operating, the fintech has already raised more than BRL 300 million . Founded in 2019 by Patrick Sigrist (founder of iFood), Marcos Nader and Eduardo Haber, Nomad Nomad presents itself as the fintech for Brazilians who want to have “a life in dollars”. “Nomad was founded to democratize global financial access for all Brazilians,” said Sigrist. The company enables the opening of a US bank account guaranteed up to $250,000 by the FDIC. Also, through the app, the user can make international purchases, transfers, bill payments, remittances, investments in global markets, among other transactions. According to the  fintech , one of its differentials is the savings of approximately 10% in common transactions compared to international credit cards: while with a credit card from a Brazilian bank the exchange spread varies from 4% to 7% and the IOF is 6.38%, with the Nomad card, says the  fintech , the spread on the commercial dollar is, at most, 2% and the IOF for dollars remittance is only 1.1%. Besides the banking solutions, the  fintech  also offers a kind of curation of international investments, suggesting assets for each risk profile and thematic portfolios, such as cryptocurrencies or ESG, for example. Nomad already has a customer base of 300,000 and plans to reach 1 million clients by the end of 2022. Lucas Vargas, Nomad’s CEO, explained that this goal was originally set for the end of 2023, but was anticipated due to the good performance of the fintech . “The security offered by Nomad’s account has pleased Brazilians. In addition, given the fragility of the Brazilian currency, Brazilians found a safe, simple and unprecedented digital solution.”

Spark Capital Investments

516 Investments

Spark Capital has made 516 investments. Their latest investment was in Nomad as part of their Series B on May 5, 2022.

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Spark Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/16/2022

Series B

Nomad

$32M

No

2

5/11/2022

Series D - II

Deel

$50M

No

3

5/2/2022

Seed VC

Switchboard

$13.8M

Yes

3

4/27/2022

Seed VC

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$99M

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10

4/26/2022

Series B

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$99M

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10

Date

5/16/2022

5/11/2022

5/2/2022

4/27/2022

4/26/2022

Round

Series B

Series D - II

Seed VC

Seed VC

Series B

Company

Nomad

Deel

Switchboard

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Amount

$32M

$50M

$13.8M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

2

3

3

10

10

Spark Capital Portfolio Exits

79 Portfolio Exits

Spark Capital has 79 portfolio exits. Their latest portfolio exit was Careship on January 31, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/31/2022

Acquired

1

1/26/2022

Acquired

$99M

26

1/19/2022

Reverse Merger

$99M

13

12/15/2021

Acquired

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10

11/23/2021

Acquired - II

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10

Date

1/31/2022

1/26/2022

1/19/2022

12/15/2021

11/23/2021

Exit

Acquired

Acquired

Reverse Merger

Acquired

Acquired - II

Companies

Subscribe to see more

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Valuation

$99M

$99M

Acquirer

Subscribe to see more

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Sources

1

26

13

10

10

Spark Capital Fund History

19 Fund Histories

Spark Capital has 19 funds, including Spark Capital Founders' Fund VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/26/2020

Spark Capital Founders' Fund VI

$7.14M

1

2/26/2020

Spark Capital Growth Founders' Fund III

$9.28M

1

2/13/2020

Spark Capital Growth Fund III

$900M

2

2/13/2020

Spark Capital VI

$99M

10

3/15/2017

Spark Capital Growth Fund II

$99M

10

Closing Date

2/26/2020

2/26/2020

2/13/2020

2/13/2020

3/15/2017

Fund

Spark Capital Founders' Fund VI

Spark Capital Growth Founders' Fund III

Spark Capital Growth Fund III

Spark Capital VI

Spark Capital Growth Fund II

Fund Type

Status

Amount

$7.14M

$9.28M

$900M

$99M

$99M

Sources

1

1

2

10

10

Spark Capital Team

13 Team Members

Spark Capital has 13 team members, including current Founder, General Partner, Santo Politi.

Name

Work History

Title

Status

Todd Dagres

Founder

Current

Santo Politi

Founder, General Partner

Current

Bijan Sabet

Founder, General Partner

Current

Paul J. Conway

General Partner

Current

Alex Finkelstein

General Partner

Current

Name

Todd Dagres

Santo Politi

Bijan Sabet

Paul J. Conway

Alex Finkelstein

Work History

Title

Founder

Founder, General Partner

Founder, General Partner

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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