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Spark Capital

Silicon Valley · Invests in US · Website

SeedSeries ASeries BPre-SeedConsumer Apps & SocialB2B SaaSAI & Machine LearningDeveloper ToolsFintechHealthcare & BiotechEnterprise SoftwareDeveloper Tools & InfrastructureFintech & PaymentsBiotech & Life Sciences

Thesis

Spark Capital backs transformative products built by creators with genuine vision and technical depth. We believe that the best way to evaluate a founding team is not through credentials or market analysis, but by experiencing their product firsthand. Product comes first, and everything else follows.

Likely not a fit for

Commodity businesses without defensible product differentiation, teams where product is secondary to business model optimization, markets without differentiated user experience

How they invest

Lead or follow
Leads or follows
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

4 contacts on file

TD

Todd Dagres

PartnerPartner · Primary contact

+ Pitch

t•••@sp•••.com

LinkedIn profile

X profile

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AG

Alexa Glaude

PartnerPartner

+ Pitch

a•••@sp•••.com

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NH

Nabeel Hyatt

General PartnerPartner

+ Pitch

n•••@sp•••.com

LinkedIn profile

X profile

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AC

Alex Clayton

PartnerPartner

+ Pitch

a•••@sp•••.com

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Portfolio

RampFintech Payments

Ramp Network is a global financial technology company building solutions that connect the crypto economy with today’s financial infrastructure. They provide a powerful fiat<>crypto toolkit to onboard users into web3.

KalshiConsumer Apps Social

Kalshi is the first CFTC regulated exchange dedicated to trading on the outcome of future events. It allows users to trade on a wide range of topics, including economics, culture, and climate, through innovative financial instruments called event contracts, which enable trading based on specific yes-or-no questions regarding future occurrences.

CrusoeEnterprise Software

Crusoe is a vertically integrated AI infrastructure provider, building large-scale, renewable-powered data centers and cloud platforms optimized for high-performance workloads.

BasetenDeveloper Tools Infra

Baseten is an AI infrastructure platform that provides the tooling, expertise, and hardware necessary to rapidly bring AI products to market. Their proprietary Inference Stack combines performance research with reliable infrastructure, ensuring global availability and high uptime.

ParallelDeveloper Tools Infra

Parallel provides web search and research APIs specifically designed for AI agents, enabling them to efficiently retrieve and process information from the web.

CardlessFintech Payments

Cardless is an embedded credit card platform that allows businesses to create custom co-branded credit card products, enhancing customer engagement and loyalty through flexible credit solutions.

MercuryFintech Payments

F4 is a product-led venture capital firm that offers a platform where every founder can enter, and their work decides their progress. It provides a roadmap for founders to close the gap through mentor time, investor intros, and capital targeted for those proving they can build.

FireblocksFintech Payments

Fireblocks is the world's most trusted digital asset infrastructure company, empowering organizations of all sizes to build, manage, and grow their business on the blockchain. With the industry's most scalable and secure platform, Fireblocks streamlines stablecoin payments, settlement, custody, tokenization, and trading operations across the largest ecosystem of banks, payment providers, stablecoin issuers, exchanges, and custodians.

OptimismSemiconductors Hardware

Optimism is a blockchain infrastructure scaling Ethereum, offering scalable, secure Layer 2 solutions. It uses the OP Stack to lower barriers for developers and focuses on solving complex problems with an optimistic mindset.

Stoke

Stoke Space is revolutionizing space access with its 100% reusable Nova rockets, designed to provide affordable and on-demand access to any orbit. By leveraging full reusability, Stoke aims to significantly reduce launch costs and enhance the sustainability of space operations.

Bot CompanyRobotics Automation

We're building a helpful robot for every home. A better way to live is coming with robots doing all the little things that eat away at our time and energy.

Flock SafetySecurity Cyber

Flock Safety provides advanced security solutions including license plate readers, video cameras, and drones for public safety and crime prevention.

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Research briefRead more
Spark Capital Research Overview & Investment Philosophy Spark Capital is one of the most influential early-stage venture capital firms in the technology ecosystem, founded in 2005 by Todd Dagres, Santo Politi, and Paul Conway. Based in San Francisco with offices in New York and Boston, Spark manages approximately $15 billion in assets under management and has established itself as a "products firs

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