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Venture Capital
spero.vc

Investments

34

Portfolio Exits

2

Funds

1

About Spero Ventures

Spero Ventures, a spin-out of Omidyar Network, is a philanthropic investment firm funded by eBay co-founder Pierre Omidyar. Spero Ventures invests primarily in Series A and seed deals, as well as the occasional Series B.

Headquarters Location

1991 Broadway Street

Redwood City, California, 94063,

United States

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Latest Spero Ventures News

Confirm Raises $6.2M in Series A

Aug 31, 2023

August 31, 2023 Confirm , a San Francisco, California-based provider of a platform for integrating science into performance reviews, raised $6.2M in Series A funding. The round, which brought the total amount to $11.4M, was led by Spero Ventures with participation from SHRMLabs, Elefund, Gaingels, Black Angel Group and existing customers. With Spero Ventures’ investment, Andrew Parker, General Partner, will join Confirm’s board as a director. The company intends to use the funds to accelerate product development and boost investment in sales and marketing. Led by CEO Josh Merrill, and President David Murray, Confirm provides a platform that leverages Organizational Network Analysis (ONA) to allow companies to measure performance through networks. Through it, the solution gives companies, leaders and employees insight into high performers and those that need additional support, allowing organizations to accurately make promotion, PIP and retention decisions based on clear data –– rather than subjective opinions of managers. In addition to its ONA-powered reviews, the platform offers several ChatGPT-4 enabled features, which the new capital will also help further develop, including: Auto-drafted employee reviews using input from peers and managers Auto-generated employee engagement survey insights Auto-calibrated manager ratings for employees to minimize bias in calibration sessions Customers include Canada Goose, Niantic, and Thoropass, among others.

Spero Ventures Investments

34 Investments

Spero Ventures has made 34 investments. Their latest investment was in Confirm as part of their Series A on August 8, 2023.

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Spero Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2023

Series A

Confirm

$6.2M

Yes

3

6/12/2023

Series A

Oova

$10.3M

Yes

2

5/31/2023

Series B

Hyro

$20M

No

6

8/24/2022

Series A - III

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$99M

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10

6/3/2022

Unattributed VC

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$99M

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10

Date

8/30/2023

6/12/2023

5/31/2023

8/24/2022

6/3/2022

Round

Series A

Series A

Series B

Series A - III

Unattributed VC

Company

Confirm

Oova

Hyro

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Amount

$6.2M

$10.3M

$20M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

3

2

6

10

10

Spero Ventures Portfolio Exits

2 Portfolio Exits

Spero Ventures has 2 portfolio exits. Their latest portfolio exit was Core Wellness on July 27, 2021.

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

7/27/2021

Acquired

$99M

1

5/6/2021

Acquired

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$99M

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10

Date

7/27/2021

5/6/2021

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

Spero Ventures Fund History

1 Fund History

Spero Ventures has 1 fund, including Spero Ventures 1.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/21/2018

Spero Ventures 1

Early-Stage Venture Capital

Closed

$100M

2

Closing Date

3/21/2018

Fund

Spero Ventures 1

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$100M

Sources

2

Spero Ventures Team

3 Team Members

Spero Ventures has 3 team members, including current Founding Partner, Shripriya Mahesh.

Name

Work History

Title

Status

Shripriya Mahesh

Founding Partner

Current

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Name

Shripriya Mahesh

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Work History

Title

Founding Partner

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Status

Current

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