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Spark Digital Capital

North America, New York, United States, New York

Description

Spark Digital Capital, based in New York, operates as a prominent venture capital firm with a singular focus on the rapidly evolving blockchain and Web3 ecosystem. While originating as a family office, it has established itself as a significant institutional investor dedicated to fostering innovation within decentralized technologies. The firm strategically deploys capital into projects that are building the foundational layers and transformative applications of the future internet.

The firm's investment thesis centers on identifying high-potential companies and protocols across various segments of the digital asset space. This includes decentralized finance (DeFi), non-fungible tokens (NFTs), metaverse and gaming initiatives, as well as critical Web3 infrastructure. Spark Digital Capital is particularly known for its foresight in backing early-stage ventures, although it maintains flexibility to participate in later rounds for promising companies. Their approach is hands-on, leveraging their deep understanding of market trends and technological advancements.

Spark Digital Capital boasts an extensive and impactful portfolio, having made over 100 investments in leading blockchain projects globally. Their track record includes being an early supporter of now-prominent networks and protocols such as Polygon, Solana, Avalanche, and The Graph, demonstrating a keen ability to identify future industry leaders. Typically, initial investment checks from Spark Digital Capital range from $250,000 to $2,000,000, reflecting their commitment to providing meaningful early-stage capital. Beyond financial backing, the firm actively supports its portfolio companies with strategic guidance, access to a vast network of industry experts, and operational assistance, contributing significantly to their growth and market penetration.

Investor Profile

Spark Digital Capital has backed more than 82 startups, with 2 new investments in the last 12 months alone. The firm has led 6 rounds, about 7% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in Singapore, United States, Hong Kong.
  • Strong thematic focus on Blockchain, Cryptocurrency, Information Technology.
  • Typical check size: $250K – $2M.

Stage Focus

  • Seed (73%)
  • Series Unknown (9%)
  • Series A (6%)
  • Initial Coin Offering (4%)
  • Pre Seed (4%)
  • Angel (2%)
  • Private Equity (1%)
  • Undisclosed (1%)

Country Focus

  • Singapore (23%)
  • United States (17%)
  • Hong Kong (7%)
  • Australia (5%)
  • United Kingdom (5%)
  • South Korea (4%)
  • Cayman Islands (4%)
  • United Arab Emirates (2%)
  • Estonia (2%)
  • Switzerland (2%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Information Technology
  • Financial Services
  • Fintech
  • Software
  • Gaming
  • Metaverse
  • Web3
  • Non-fungible Token (Nft)
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Spark Digital Capital frequently co-invest with?

OKX Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 14
GBV Capital
North America, Midland, Cayman Islands, Grand Cayman
Co-Investments: 12
LD Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 10
Co-Investments: 10
NGC Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 17
Momentum 6
North America, California, United States, San Francisco
Co-Investments: 10
AU21 Capital
North America, California, United States, San Francisco
Co-Investments: 21
Morningstar Ventures
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 13
X21 Digital
Asia, Central Region, Singapore, Singapore
Co-Investments: 10
Bixin Ventures
Asia, Beijing, China, Beijing
Co-Investments: 11

Which angels does Spark Digital Capital often collaborate with?

Ramani Ramachandran
Asia, Singapore
Shared Deals: 1
RS
North America, New York, United States, New York
Shared Deals: 1
Sandeep Nailwal
Asia, Indonesia
Shared Deals: 2
Ashini Gogoi
Asia, Karnataka, India, Bengaluru
Shared Deals: 1
DT
North America, Alberta, Canada, Calgary
Shared Deals: 1
SR
Europe, Monaco
Shared Deals: 2
DP
Europe, United Kingdom
Shared Deals: 1
RD
North America, NA - Puerto Rico, Puerto Rico, San Juan
Shared Deals: 1
Ahmed Al-Balaghi
Asia, United Arab Emirates
Shared Deals: 1
RN
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Spark Digital Capital?

SecondLive

Hong Kong, Hong Kong Island, Hong Kong

SecondLive is a Metaverse platform for avatars, social interaction, and commerce.

Content CreatorsMetaverseVirtual Reality
SeedSep 30, 2024
Amount Raised: $12,000,000
Bool Network

Hong Kong, Hong Kong Island, Hong Kong

The Bool Network is a permissionless, decentralized, and secure Bitcoin verification layer.

BitcoinBlockchainCryptocurrency
SeedSep 19, 2024
Amount Raised: $2,000,000

Robin Open Social Fi is a social interaction platform that brings together casual games.

SeedJun 12, 2024
Avail

Dubai, Dubai, United Arab Emirates

Avail is a team of innovators dedicated to transforming the blockchain world.

Blockchain
Series AJun 4, 2024
Amount Raised: $43,000,000
AutoLayer

Harju, Hiiumaa, Estonia

AutoLayer is a Liquid Restaking Tokens (LRT) Finance application.

Financial ServicesFinTechInformation Technology
SeedApr 2, 2024
Amount Raised: $2,500,000
dappOS

Hong Kong, Hong Kong Island, Hong Kong

DappOS is an intent execution network that enhances the usability and accessibility of decentralized applications and blockchain technology.

BlockchainDecentralized Finance (DeFi)Web3
Series AMar 28, 2024
Amount Raised: $15,300,000

Avalon Finance is a decentralized protocol that offers a BTC liquidity mechanism for production.

BlockchainCryptocurrencyDecentralized Finance (DeFi)FinTech
SeedMar 15, 2024
Amount Raised: $1,500,000

TProtocol is a platform that supports RWA on-chain, cross-chain, and asset aggregation, and it also hosts a DeFi ecosystem.

Decentralized Finance (DeFi)FinTechInformation Technology
AngelJan 29, 2024
CharacterX

Singapore, Central Region, Singapore

CharacterX is a Stanford-led decentralized synthetic social network.

3D TechnologyArtificial Intelligence (AI)Blockchain
SeedJan 11, 2024
Amount Raised: $2,800,000
Ta-da

Metz, Lorraine, France

Ta-da is an AI data marketplace that innovates crowdsourcing technique using blockchain technology to collect and validate data.

Artificial Intelligence (AI)Data Collection and LabelingMarketplace
SeedJan 9, 2024
Amount Raised: $3,498,166