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Company

Spark Capital

69 articles stable

A reported $3B fundraise in March 2026 capped a coverage arc spanning AI, fintech exits and new bets from sports betting to quantum computing.

Who they are

Spark Capital appears in the coverage as a venture-capital investor and funding-round leader or participant, backing companies across software, AI, consumer technology, fintech, gaming and infrastructure. Its role ranges from leading rounds for Anthropic, Chainguard and Blackbird Labs to investing alongside firms including Google, Salesforce, Zoom, ARCH Venture Partners and Khosla Ventures.

The recent arc

Coverage intensified in 2025Q2, led by the eToro IPO, where sources said Spark was the company’s largest shareholder with an approximately 13% stake, and by investments or prospective investments in Blackbird Labs, Sesame and Underdog. Earlier 2025 stories also placed the firm in Baseten’s $75M round, showing a cluster of attention around AI deployment, consumer-facing applications and financial returns from an established portfolio company.

The 2026 stories mark a shift from individual-company financing toward Spark’s own capacity and frontier-technology positioning. The Information reported in March that the firm was raising about $3B in new funds and had been Anthropic’s first VC backer in 2023; in July, Spark co-led Oratomic’s $300M Series A with ARCH Venture Partners and Khosla Ventures for fault-tolerant, utility-scale quantum computing.

The tension

The coverage centers on whether a broad, early-stage investing model can translate technology bets into durable outcomes while sustaining access to the next platform shifts. Anthropic and Baseten connect Spark to the crowded AI infrastructure and model market, while the reported eToro gain illustrates the appeal of realized or liquid portfolio value; its past break with Dispo after allegations involving a former Vlog Squad member also shows that portfolio exposure can carry reputational risk beyond investment performance.

Why it matters

If the reported fundraise proceeds and the recent investment pattern holds, Spark could be positioned to deploy more heavily across capital-intensive AI and quantum opportunities while continuing to seek returns in consumer and fintech businesses. The uncertain point is whether the firm’s AI-linked and frontier bets mature into outcomes comparable to eToro’s public-market event, particularly as those categories draw large rounds and prominent co-investors.

Spark Capital has appeared in 69 articles since 2015-02. Coverage peaked in 2025Q2 with 4 articles. Frequently mentioned alongside TechCrunch, Ingrid Lunden, Dispo, Pokémon Go.

Articles
69
mentions
Velocity
0.0%
growth rate
Acceleration
+0.750
velocity change
Sources
20
publications

Coverage Timeline

2026-07-08
The Quantum Insider 5 related

Oratomic, which is developing quantum computing hardware and software, raised a $300M Series A led by ARCH Venture Partners, Spark Capital, and Khosla Ventures

- Oratomic raised a $300 million Series A to accelerate development of fault-tolerant, utility-scale quantum computers.

2026-03-10
The Information 1 related

Source: Spark Capital, the first VC firm to back Anthropic in 2023, is raising about $3B in new funds, 50% more than the size of funds it raised two years ago

2025-05-15
Bloomberg 5 related

Sources: Spark Capital gained ~$530M this week when eToro went public; Spark was eToro's largest shareholder at its IPO, with a ~13% stake after investing ~$19M

Katie Roof / Bloomberg :

2025-04-08
TechCrunch 5 related

Blackbird Labs, which makes a blockchain-based payment loyalty app for ~1,000 restaurants, raised $50M led by Spark Capital, taking its total funding to $85M

Ingrid Lunden / TechCrunch :

2025-04-01
Bloomberg 3 related

Sources: Sesame, which makes realistic AI voice assistants, is in talks to raise $200M+ co-led by Sequoia Capital and Spark Capital, valuing the startup at $1B+

a startup that's created hyper-realistic artificial intelligence voice assistants named Maya and Miles …

Bloomberg 10 related

Ahead of the Switch 2, Nintendo is branching out to use its characters in cinema, theme parks, and merch in a Disney-like way to create more consistent revenue

Tech Across the Globe … Sequoia Capital and Spark Capital are in talks to co-lead the round.  —  Revalued

2025-03-29
Axios 10 related

Brooklyn-based Underdog, a fantasy sports and sports betting app, raised $70M in a first Series C tranche at a $1.23B valuation from Spark Capital

I'm incredibly excited to be part of this team — not just because of the headline … Jeremy Levine : Very excited to welcome Spark Capital to team Underdog! Bria Elly : Underdog is growing...like a lot...

2025-02-19
CNBC

Baseten, which helps companies launch open-source or customized AI models, raised $75M led by IVP and Spark Capital at a $825M valuation and claims 100+ clients

Baseten, a startup that runs artificial intelligence models for clients on their cloud infrastructure, has raised $75 million in funding, the company said Wednesday.

2024-11-23
TechCrunch 1 related

Sources: MatX, which designs chips to train LLMs, raised a ~$80M Series A led by Spark Capital, at a ~$300M valuation, after raising a $25M seed in March

Marina Temkin / TechCrunch :

2024-11-21
VentureBeat 2 related

Wordware, which lets customers like Instacart and Runway create AI agents using natural language instead of code, raised a $30M seed led by Spark Capital

from seasoned engineers to non-technical domain experts—can build AI agents that streamline processes, enhance [image] LinkedIn: Tytus Cytowski : 👉 We represented Wordware (YC S24) in its $30M series ...

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Quarterly Coverage

Top Sources

Narrative

TEXXR tracks 67 tech news articles mentioning Spark Capital, dating back to February 2015. The biggest stories include Brooklyn-based Underdog, a fantasy sports and sports betting app, raised $70M in a first... and Spark Capital decides to “sever all ties” with Dispo after claims of sexual assault.... Frequently covered alongside TechCrunch, Dispo, Google, Ingrid Lunden, and Niantic. Coverage has shifted toward funding themes and away from enterprise.

Key Moments

2024Q4enterprise +33pts; funding +50pts
2025Q1enterprise +17pts; consumer +50pts; research +50pts
2025Q2enterprise -50pts; consumer +17pts; research -50pts

Relationships

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