Ranked on: #4 Top Defense & Space Investors 2026 · #6 Top VC Firms in the Bay Area 2026 (Ranked by Deals) · #10 Largest VC Funds Raised in 2026 · Get your badge →
Is this your firm? Get featured or correct your listing →
At a glance
Spark Capital appears in 12 funding rounds tracked by ValueAddVC since 2021, leading 7. Its most frequent sectors in these rounds are Fintech & Crypto and AI & Infrastructure, and its most recent tracked deal was Oratomic's $475M Series B round (Oct 8, 2026). It co-invests most often with Andreessen Horowitz, ARCH Venture Partners and Bezos Expeditions. ValueAddVC also tracks 23 funds managed by Spark Capital.
Strategy
Stages
SeedSeries ASeries B
Sectors
ConsumerEnterpriseFintech
Geographies
USASan Francisco, California, USA
Check size
$1M-$25MRecent changes
- Oct 8, 2026Oct 8, 2026Follow-on: Invested in Oratomic (Series B, $475M) SiliconANGLE
- Oct 2, 2026Oct 2, 2026Nvidia Debuts $4,999 DGX Spark With Half the RAM Pulse story
- Sep 8, 2026Sep 8, 2026Invested in Stoke Space (Series E, $1B) TechCrunch
- Aug 27, 2026Aug 27, 2026Invested in CivilGrid (Series A, $26M) TechCrunch
- Aug 6, 2026Aug 6, 2026Invested in Lumilens (Series C, $700M) SiliconANGLE
Earlier changes (15)
- Aug 4, 2026Aug 4, 2026Invested in Convex ($57M) SiliconANGLE
- Jul 10, 2026Jul 10, 2026Invested in Oratomic (Series A, $300M) TechCrunch
- Jul 9, 2026Jul 9, 2026Meta Enters the AI Coding Race With Muse Spark 1.1 Pulse story
- Jun 22, 2026Jun 22, 2026Follow-on: Invested in Baseten (Series F, $1.5B) Baseten
- Jun 15, 2026Jun 15, 2026New fund: Spark Capital Fund IX ($1B) SEC EDGAR Form D
- Jun 15, 2026Jun 15, 2026New fund: Spark Capital Growth Fund VI ($2.33B) SEC EDGAR Form D
- Jun 2026Jun 2026Follow-on: Invested in Higharc (Series C, $95M) Higharc
- May 20, 2026May 20, 2026Follow-on: Invested in Mercury (Series D, $200M) Mercury
- Mar 11, 2026Mar 11, 2026New fund: Spark Capital New Mega-Fund (target $3B) TechCrunch
- Mar 27, 2025Mar 27, 2025Invested in Mercury (Series C, $300M) Tech Funding News
- Feb 19, 2025Feb 19, 2025Invested in Baseten (Series C, $75M) Tech Startups
- Dec 21, 2023Dec 21, 2023New fund: Spark Capital Fund VIII (target $700M) SEC EDGAR Form D
- Dec 21, 2023Dec 21, 2023New fund: Spark Capital Growth Fund V (target $1.4B) SEC EDGAR Form D
- Oct 13, 2021Oct 13, 2021New fund: Spark Capital Fund VII (target $650M) SEC EDGAR Form D
- Oct 13, 2021Oct 13, 2021New fund: Spark Capital Growth Fund IV (target $1.3B) SEC EDGAR Form D
Funds
23| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Spark Capital Founders' Fund IX | 2026 | $10.119M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Aug 4, 2026SEC EDGAR Form D |
| Spark Capital Growth Founders' Fund VI | 2026 | $24.911M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Aug 4, 2026SEC EDGAR Form D |
| Spark Capital Growth Fund VI-A | 2026 | $120M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Jul 7, 2026SEC EDGAR Form D |
| Spark Capital Fund IX | 2026 | $1B | Flagship | As of Jun 15, 2026SEC EDGAR Form D |
| Spark Capital Growth Fund VI | 2026 | $2.33B | Growth | As of Jun 15, 2026SEC EDGAR Form D |
Show 18 earlier funds
| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Spark Capital New Mega-Fund | 2026 | target $3B | OtherMulti-stage venture · Multi-stage | |
| Spark Capital Founders' Fund VIII | 2024 | $7.775M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Apr 19, 2024SEC EDGAR Form D |
| Spark Capital Growth Founders' Fund V | 2024 | $15.55M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Apr 19, 2024SEC EDGAR Form D |
| Spark Capital Fund VIII | 2023 | target $700M | Flagship | As of Dec 21, 2023SEC EDGAR Form D |
| Spark Capital Growth Fund V | 2023 | target $1.4B | Growth | As of Dec 21, 2023SEC EDGAR Form D |
| Spark Capital Founders Fund VII | 2022 | $7.077665M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of May 18, 2022SEC EDGAR Form D |
| Spark Capital Growth Founders Fund IV | 2022 | $14.157333M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of May 18, 2022SEC EDGAR Form D |
| Spark Capital Fund VII | 2021 | target $650M | Flagship | As of Oct 13, 2021SEC EDGAR Form D |
| Spark Capital Growth Fund IV | 2021 | target $1.3B | Growth | As of Oct 13, 2021SEC EDGAR Form D |
| Spark Capital Founders' Fund VI | 2020 | $7.14M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Feb 26, 2020SEC EDGAR Form D |
| Spark Capital Growth Founders' Fund III | 2020 | $9.28M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Feb 26, 2020SEC EDGAR Form D |
| Spark Capital Fund VI | 2019 | $450M | Flagship | As of Feb 13, 2020SEC EDGAR Form D |
| Spark Capital Growth Fund III | 2019 | $900M | Growth | As of Feb 13, 2020SEC EDGAR Form D |
| Spark Capital Founders Fund V | 2017 | $4.8M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Mar 15, 2017SEC EDGAR Form D |
| Spark Capital Growth Founders Fund II | 2017 | $6.825M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Mar 15, 2017SEC EDGAR Form D |
| Spark Capital Growth Fund II | 2016 | $606.020202M | Growth | As of Mar 15, 2017SEC EDGAR Form D |
| Spark Capital V | 2016 | target $370M | Flagship | As of Mar 7, 2016SEC EDGAR Form D |
| Spark Capital Growth Founders' Fund | 2015 | target $4M | Side vehicleSide vehicle (parallel, feeder, affiliate or SPV) — not the flagship close | As of Apr 29, 2015SEC EDGAR Form D |
Portfolio
22 totalRecent Investment Activity
12Track record: led 7 and participated in 5 of 12 tracked venture rounds · 9 in the last 12 months · led 3 Series A, 1 Series B, 1 Series E, 1 Series C
Sector / Stage Activity
By sector (portfolio)
Fintech
5 · 23%
AI infra
5 · 23%
Energy/Grid
1 · 5%
Geospatial data
1 · 5%
Crypto
1 · 5%
Developer tools
1 · 5%
Cybersecurity
1 · 5%
Security tech
1 · 5%
Robotics
1 · 5%
Proptech
1 · 5%
By stage (tracked rounds)
Series C
4 · 33%
Series A
3 · 25%
Series B
1 · 8%
Series E
1 · 8%
Series F
1 · 8%
Series D
1 · 8%
Co-Investors
12SV Angel · 8 sharedCoatue Management · 5 sharedNotable Capital · 5 sharedAndreessen Horowitz · 4 sharedFidelity Investments · 4 sharedKhosla Ventures · 4 sharedAltimeter Capital · 3 sharedBoxGroup · 3 sharedAfore Capital · 1 sharedAT&T Ventures · 1 sharedFord Street Ventures · 1 sharedRefactor Capital · 1 shared
Similar Firms
overlapping sector, stage or regionValue Add Research
- Market & Trends · Oct 18, 2026Q3 2026 Semiconductor Funding Rounds: SambaNova's $1B Leads
- Market & Trends · Oct 17, 2026Q3 2026 Defense/Space Funding Rounds: Hadrian's $1.37B Leads
- Fundraising · Oct 16, 2026Mercury Valuation 2026: $5.2B on $650M Revenue
- Market & Trends · Oct 13, 2026September 2026's Biggest Startup Funding Rounds: $30.3B
- Company Deep Dive · Oct 12, 2026Baseten Deep Dive: $13B Valuation, $600M ARR, and Talks at $26B
- AI & Technology · Oct 8, 2026Semiconductor Startup Series B Rounds in 2026, Ranked by Size
- Company Deep Dive · Oct 5, 2026Plaid: Inside the $8 Billion Bank-Linking API Behind Venmo, Robinhood, and ChatGPT
- VC & Investing · Sep 12, 2026Stoke Space Valuation 2026: $10B After $1B Series E
Latest Pulse
- Oct 20, 2026SendCutSend Hits $2.1B Valuation In Series B, Up From $1.1BSendCutSend, the Reno, Nevada custom-metal-fabrication startup, raised a Series B led by Spark that nearly doubled its valuation to $2.1 billion just five months after a $1.1 billion Series A.→
- Oct 15, 2026Meta Ships An 816B-Parameter Open Model For MacsMeta released Muse Spark Open, an 816-billion-parameter open-weight model with a 1-million-token context window built to run locally on Apple's new Mac Studio with the M5 Ultra chip.→
- Oct 8, 2026Oratomic Triples To $5.5B Valuation In Three MonthsQuantum computing startup Oratomic raised a $475 million Series B at a $5.5 billion valuation, up from $1.5 billion three months ago, the same day rival Universal Quantum closed a $100 million-plus Series A.→
- Oct 7, 2026Microsoft And Nvidia Launch AI-Centric Surface PCsMicrosoft opened preorders for a $2,599 Surface Laptop Ultra and a $5,999 RTX Spark Dev Box built on Nvidia chips, alongside a Hybrid Intelligence push that routes Copilot tasks between on-device and cloud AI.→
- Oct 5, 2026Meta's AI Helped Solve Six Open Math ProblemsMathematicians working with Meta's Muse Spark model co-authored six papers, five of which answer previously unsolved open problems, using only the standard chat interface rather than custom research tools.→
- Oct 2, 2026Nvidia Debuts $4,999 DGX Spark With Half the RAMNvidia is launching a lower-memory, 64GB version of its DGX Spark personal AI supercomputer at $4,999, even as the original 128GB model's price has climbed nearly 75% in a year amid a memory shortage.→
- Sep 25, 2026Figma Exec Joins AI Inference Startup BasetenA senior Figma executive is joining AI inference startup Baseten, another sign that operating talent is flowing from the application layer toward the AI infrastructure layer.→
- Sep 8, 2026Stoke Space Raises $1B to Out-Reuse SpaceXStoke Space closed a $1 billion Series E led by Point72 Ventures and Spark Capital, pushing total funding to $2.3 billion as it builds a rocket designed so both stages fly back and refly.→
- Sep 4, 2026XDOF Nears $1.2B Valuation Three Months Out of StealthThe robot training-data startup is in late-stage talks for a Series B led by 8VC, roughly three months after a $70 million Series A and with annualized revenue approaching $50 million.→
- Aug 27, 2026CivilGrid Raises $26M to Map What Is UndergroundCivilGrid, founded by a former PG&E engineer, raised a $26 million Series A led by Spark Capital to aggregate underground utility, property and environmental data into one map for excavation planning.→
- Aug 25, 2026Perplexity, Nvidia Launch Local AI Agent, Zero TokensPerplexity and Nvidia launched Portable Computer, a fully local version of Perplexity's agent platform running on RTX GPUs or Nvidia's DGX Spark, eliminating per-token API costs for users who can supply their own hardware.→
- Aug 19, 2026Sequoia, Khosla, Y Combinator Lead 2026's Unicorn ClassSequoia Capital, Khosla Ventures and Y Combinator top the list of investors backing 2026's new unicorns, with 250 companies reaching billion-dollar valuations through August 15 -- up from 193 in all of 2025, per Crunchbase data.→
- Aug 16, 2026Zuckerberg's 6,500-Word AI Manifesto Isn't LandingMark Zuckerberg's essay 'The Future is for Everyone' pitched Meta's Glimmer and Muse Spark models as universal personal AI, but critics questioned both the messenger and whether hardware requirements make the vision accessible at all.→
- Aug 13, 2026Anthropic's CFO Starts Courting IPO InvestorsAnthropic CFO Krishna Rao has begun early, informal meetings with prospective IPO investors, though he has not discussed valuation -- the $2 trillion figure circulating on Wall Street comes from investors' own math, not from Anthropic.→
- Aug 13, 2026Musk and Zuckerberg Both Claw Back Into the AI RaceMeta formed a new superintelligence team and plans open weights for Muse Spark 1.2, while SpaceXAI shipped Grok 4.6 days later -- both companies moving to reassert themselves against Anthropic, OpenAI and Google.→
- Aug 11, 2026Neros Raises $250M Series C at $2.5B for Defense DronesNeros Technologies raised a $250 million Series C co-led by Sequoia Capital and the American Strategic Technology Fund at a $2.5 billion valuation, funding a push to build 1 million US-made drones a year by 2028.→
- Aug 10, 2026Meta's Muse Spark Breach Exposes a Sandbox ProblemMeta disclosed its Muse Spark 1.1 model breached an external company's systems during a cybersecurity test after a misconfigured sandbox gave it internet access -- the third such disclosure from a major lab in sixteen days.→
- Aug 8, 2026AI's Next Bottleneck Isn't Chips — It's the WiresLumilens emerged from stealth with $700M+ in new funding at a $5.51B valuation to build the optical links between AI chips, the same week Terafab, Taalas and Hadrian all bet on AI's physical layer.→
- Aug 6, 2026Meta's AI Model Also Hacked a Firm in TestingA Meta AI model, Muse Spark, gained internet access through a misconfigured evaluation environment and breached an undisclosed third-party service -- the third such incident disclosed by a major AI lab in as many weeks.→
- Aug 5, 2026Meta Launches Muse Code to Chase Anthropic, OpenAIMeta released Muse Code, a terminal-based agentic coding tool powered by its updated Spark 1.2 model, entering the crowded market for AI coding agents already led by Anthropic's Claude Code and OpenAI's Codex.→
- Aug 4, 2026Convex Raises $57M for an AI-Native App BackendInsight Partners led a $57M Series B for Convex, the reactive TypeScript backend now powering close to 2 million applications, with a16z and Spark Capital returning and OpenAI among its customers.→
- Aug 4, 2026Convex Raises $57M to Build AI-Native App BackendsConvex, founded by ex-Dropbox infrastructure engineers, raised $57M from Insight Partners to expand a backend platform designed specifically to keep AI coding agents from generating buggy infrastructure.→
- Jul 13, 2026Quantum Computing's Venture Moment Keeps CompoundingOratomic's $300 million Series A -- Khosla's largest-ever first check -- is the clearest sign yet that VCs now treat quantum computing as its own well-capitalized category, distinct from the AI infrastructure boom.→
- Jul 10, 2026Meta Stock Notches Best Week Since 2024 on AI OptimismMeta shares rallied 15% for the week, their best since early 2024, after the company shipped Muse Image and Muse Spark 1.1 and disclosed plans for a custom "Iris" AI chip to double its compute capacity.→
- Jul 10, 2026Oratomic Raises $300M to Build a 20K-Qubit Quantum ComputerOratomic, a Caltech-spinout quantum computing startup, raised a $300 million Series A to build a utility-scale quantum computer using roughly 20,000 qubits instead of the million-plus rivals are targeting.→
- Jul 10, 2026Oratomic Raises $300M for a 20,000-Qubit Quantum ComputerCaltech-founded Oratomic raised a $300 million Series A co-led by ARCH, Spark Capital and Khosla, betting its neutral-atom architecture needs only 10,000-20,000 qubits for a useful, fault-tolerant quantum computer.→
- Jul 9, 2026Meta Enters the AI Coding Race With Muse Spark 1.1Meta launched Muse Spark 1.1, its first paid frontier model, targeting agentic coding with a 1-million-token context window -- a launch important enough that Mark Zuckerberg posted about it on X for the first time in three years.→
- Jul 5, 2026Why the Same Five Neoclouds Keep Landing MegaroundsBaseten, Together AI and Crusoe have each raised nine- or ten-figure rounds within the past year, showing AI infrastructure capital increasingly recycling into a small, familiar set of 'neocloud' names rather than funding new entrants.→
- Jun 30, 2026Higharc Raises $95M Series C to Bring AI Into HomebuildingHigharc, which generates homes as 3D spatial databases so builders and suppliers can design, estimate, sell and build more efficiently, raised a $95 million Series C led by Insight Partners and announced a new partnership with US LBM, the country's largest.→
- Jun 26, 2026Baseten Raises $1.5B Series F at a $13B Valuation as AI Inference Demand ExplodesAI inference provider Baseten closed a $1.5 billion Series F at a $13 billion valuation, the largest funding round of the week, led by Altimeter Capital and Conviction Partners with Spark, Sands and Wellington participating. The raise underscores how serving AI models -- not just training them -- has become one of the most valuable and capital-intensive layers of the stack.→
- Jun 24, 2026Radical Numerics Raises $50M Seed to Build AI for Scientific DiscoveryMenlo Park-based Radical Numerics raised a $50 million seed round led by Emergence Capital, with First Spark, Obvious Ventures, Factory and Triatomic participating. The startup is building AI systems aimed at scientific and numerical problems -- a fast-emerging category betting that AI's next frontier is accelerating research itself, from drug discovery to materials and simulation.→
- Jun 18, 2026Baseten Reportedly Raising ~$1.5B at a $13B Valuation as AI Inference Becomes the Hot TradeAI inference platform Baseten is reportedly raising roughly $1.5 billion at a valuation of up to $13 billion -- tripling its mark in about five months -- co-led by Spark Capital, Sands Capital, Altimeter and Wellington. The round captures investors racing into the layer that actually serves AI models in production, where Baseten's ARR has reportedly jumped from $200M to $600M.→
Spark Capital FAQ
What is Spark Capital's latest fund?
Spark Capital Fund IX, closed at $1B (As of Jun 15, 2026; SEC EDGAR Form D).
How large are Spark Capital's funds?
Spark Capital funds Value Add tracks include Spark Capital Fund IX ($1B, 2026); Spark Capital Growth Fund VI ($2.33B, 2026); Spark Capital Fund VI ($450M, 2019); Spark Capital Growth Fund III ($900M, 2019), out of 23 Spark Capital funds tracked in total.
What companies has Spark Capital invested in?
Spark Capital's portfolio includes Anthropic, Ramp, Oratomic, Cyera, Baseten, Crusoe, and 16 more tracked companies.
Who does Spark Capital co-invest with most?
In the rounds Value Add tracks, Spark Capital most often invests alongside SV Angel (8 shared deals), Coatue Management (5 shared deals), Notable Capital (5 shared deals), Andreessen Horowitz (4 shared deals), Fidelity Investments (4 shared deals).
Sources & methodologyshow
Where these figures come from
- Higharcprimary source2 facts
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.