
Spark joy: launching our sixth set of funds
Today we celebrate our fifteenth anniversary. To mark it, we are announcing our sixth set of funds. At $1.35 billion, it’s only slightly larger than our last. There’s $450 million, Spark Capital VI, for startups in their earliest stages, and $900 million, Spark Growth III, for growth-stage companies.
It is also our pleasure to announce that Will Reed and Yasmin Razavi have been promoted to General Partner. Will and Yasmin have become key members of the Spark family, working on the growth team. We are grateful for their outstanding work with entrepreneurs and their impact on our firm, and we are excited about their future contributions.
As we look ahead to the next fifteen years of Spark, we are proud to stay true to our founding values. We seek out entrepreneurs who combine exceptional technical ability and great taste: they have rare intuitions about the minds of consumers, while possessing the unwavering drive to bring their product or service into the world — and who keep pushing, long after it’s thriving.
Our own mission is to help these founders translate ideas and ambitions into products and experiences that have distinctive qualities competitors simply cannot match. That’s been the case since we founded Spark in 2005, in an office above a shoe store on Boston’s Newbury Street. We wanted to be where the action was, next to founders, boutiques and art galleries, rather than sitting with the herd.
A lot has certainly changed in the last fifteen years. When we launched our first fund, the focus was narrow. We invested 90% of it into early-stage media and entertainment tech companies. Today, we’ve pushed into many new industries, investing in financial services, enterprise software, consumer technology, frontier tech, and far beyond.
We’re also five years into convincing Jeremy Philips to join us and form Spark Growth. We now have a cohesive team supporting entrepreneurs from their first days throughout their journey. And while our San Francisco office is now our largest, with New York a close second, there’s still the tight-knit vibe of our early Boston days.
What hasn’t changed, and what we hope never does is our DNA. At the core of Spark is the belief that founders and their teams are the architects of the future. That a product can create a whole new market, not just find market fit. That an outstanding technologist has the soul of an artist. And that the smartest ideas often sound a little crazy.
At the heart of venture capital there needs to be a passion for enabling entrepreneurs to enter uncharted territory and guide them through the inevitable ups-and-downs. For fifteen years, that has been the essence of Spark Capital.
We are grateful for our founders and their teams, our co-investors, and our LPs for letting us be a part of your journey. Here’s to the next fifteen.

