Announcing Spero Ventures Fund II
Spero Ventures is proud to announce Spero Fund II, LP: a $125M Fund. As investors at Spero partnering with purpose-led Founders, we love our job and are delighted to further our mission with this new fund.
We invest in companies at the edge of new industries and technologies that create a healthy, sustainable, and fulfilling future for everyone. They include companies that make people’s lives healthier by empowering them with new information and cutting-edge care; companies that improve the fundamental systems we rely on — food, water, energy, and transportation — to create a healthy planet and a sustainable future; and companies that use technology to increase agency, to learn, to imagine, and to create new opportunities for human fulfillment — because what’s the point of a long healthy life if it’s not fulfilling?
Spero is a boutique venture firm crafted from the ground up to help entrepreneurs realize their visions and tackle the world’s biggest challenges. We believe tomorrow’s most valuable companies will be the ones tackling today’s most meaningful challenges. We focus on early stage investing — typically late Seed to early Series A. We write $2–4M initial checks into round sizes that range from $3–10M — all of them from a lead or co-lead position.
Our investing approach is small and collaborative. We are here for transformations, not transactions. We believe in building a concentrated portfolio: fewer companies, stronger conviction, deeper engagement. When we reach conviction in your business, we champion and support you and your team with our dollars and our time.
Our team mirrors our investing approach. Shripriya Mahesh and Andrew Parker return as GPs, joined by Sara Eshelman, who leads our health investing. We are grateful to continue working with our Venture Partner, Marc Tarpenning, co-founder of Tesla. Stephen Wemple co-leads our sustainability investing with Marc. We are excited to welcome our newest investor, Nolan Shah, to our team.
As tends to happen when you love your job, we at Spero forget to pause and celebrate success. We prefer to do the work rather than talk about doing the work. As such, it’s worth noting that Spero Fund II is a 2024-vintage fund, and we’ve been heads down deploying this past year. A tardy announcement is better than none at all.
If you’re a founder who aligns with our focus and partnership approach, we want to hear from you. We are delighted to continue to serve the best, purposeful founders.
