
Spark Ventures
Description
Spark Venture Management Limited is a London-based venture capital firm that historically focused on early-stage technology companies across Europe. Their investment strategy centered on sectors such as digital media, e-commerce, and software. Operating as the investment adviser to the Spark Ventures Funds, the firm established itself as a notable player in the European tech ecosystem during its active investment period.
One of their key vehicles, Spark Ventures II, successfully closed at £75 million in 2007, demonstrating significant capital backing for their investment thesis. The firm typically sought to invest between £1 million and £5 million per company, targeting promising early-stage businesses that exhibited strong growth potential within their preferred technology sectors.
Throughout their investment tenure, Spark Venture Management built a portfolio of diverse companies. Among their more prominent investments were Secret Escapes, a luxury travel flash-sale site that achieved significant scale, and Wonga, a controversial but once high-profile payday lender. These investments highlight their willingness to back companies across various sub-sectors of the digital economy.
While Spark Venture Management Limited remains an active registered company in the UK, their primary period of new investment activity appears to have concluded around 2014, with no new funds publicly announced since their 2007 close. It is likely that the firm is now primarily focused on managing its existing portfolio and facilitating exits rather than deploying new capital into fresh ventures.
Investor Profile
Spark Ventures has backed more than 43 startups, with 0 new investments in the last 12 months alone. The firm has led 11 rounds, about 26% of its total and boasts 11 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series Unknown, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United Kingdom, United States, India.
- Strong thematic focus on Health Care, Software, Biotechnology.
- Typical check size: $1.3M – $6.3M.
Stage Focus
- Series Unknown (42%)
- Series A (19%)
- Series B (16%)
- Seed (12%)
- Convertible Note (2%)
- Series D (2%)
- Angel (2%)
- Private Equity (2%)
- Series C (2%)
Country Focus
- United Kingdom (84%)
- United States (7%)
- India (2%)
- Australia (2%)
- New Zealand (2%)
- China (2%)
Industry Focus
- Health Care
- Software
- Biotechnology
- Medical
- Health Diagnostics
- Hardware
- Information Technology
- Clinical Trials
- Enterprise Software
- Financial Services
Frequently Asked Questions
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