Description
Spark Capital is a venture capital firm in the United States, responsible for early stage funding of technology startups. It has branches in San Francisco, Boston, and New York City.
History
Spark Capital was launched in 2005 by Paul Conway, Santo Politi, and Todd Dagres. They have raised six early stage funds, and three growth funds.
- The first fund, for $265 million, was raised in 2005.
- The second fund, for $360 million, was raised in 2008.
- The third fund, for $360 million, was raised in 2010.
- The fourth fund, for $450 million, was raised in 2013 and its closure was announced in late February. Partner Bijan Sabet told TechCrunch that this brought Spark Capital's money under management to $3 billion.
- The fifth fund, for $400 million, was raised in 2016.
- The sixth fund, for $450 million, was raised in 2020.
Spark Capital also raised three growth funds.
- The first Growth fund, for $375 million, was raised in 2014.
- The second Growth fund, for $600 million, was raised in 2016.
- The third Growth fund, for $900 million, was raised in 2020.
