Venture Capital

Spark Capital

Spark Capital is a multi-stage venture capital firm founded in 2005 by Paul Conway, Santo Politi, Todd Dagres, and Bijan Sabet, with offices in San Francisco, New York, and Boston. Spark is a generalist firm that partners with founders from seed through growth across consumer internet, enterprise software, artificial intelligence, gaming, crypto, fintech, infrastructure, hardware and semiconductors, life sciences, aerospace, and the future of work. The firm invests from a family of early-stage funds (most recently a $700M fund in 2024) and dedicated growth funds (most recently a $1.4B fund in 2024), and press reports have placed its assets under management in the range of $12-15 billion. Spark first became widely known for leading Twitter's Series B in 2008 and has since backed a run of defining companies including Slack, Discord, Snap, Coinbase, Affirm, Plaid, Cruise, Oculus, Scale AI, Ramp, Deel, and Anthropic, whose Series C investment the firm turned into one of venture's largest recent markups. Spark rebranded in 2020 with design studio Pentagram around its distinctive dog-themed identity, and publishes a curated set of portfolio companies rather than a full list.

48 portfolio companies 48 publish APIs here 9 properties
Venture CapitalSeedSeries ASeries BGrowth EquityArtificial IntelligenceFintechCryptoConsumer InternetEnterprise SoftwareInfrastructureSemiconductorsSan FranciscoBostonNew YorkNorth America
Portfolio Strength across 24 profiled portfolio companies on the network
7 top-rated API companies 5 exemplar · 2 strong
10 agent-ready companies 2 agent-native · 8 agent-ready
Average quality of the book:
Composite thin 40.6
Agent-Readiness agent-aware 23.3

Firms are ranked by cumulative portfolio strength — how many highly-rated API companies they've backed, weighted by tier across composite quality and agent-readiness. The averages below are a secondary read on the typical company in the book.

Spark Capital has 48 portfolio companies tracked on the APIs.io network, of which 24 (50%) publish APIs indexed here. The remaining 24 are tracked as profiles without a published API on the network.

Its highest-rated API providers on the network are Anthropic, Plaid, Parallel, Slack, Snap.

Portfolio on the Network

Portfolio companies that publish APIs indexed on APIs.io, grouped by their API Evangelist rating. Exemplar and Strong are expanded by default.

Exemplar 5 Complete, well-documented, and agent-ready
Strong 2 Solid coverage with minor gaps
Developing 7 Usable, with meaningful gaps to close
Thin 6 Limited public surface area
Emerging 3 Early or largely undocumented
Minimal 1 Almost no public developer surface

Properties

Portfolio

Where the firm publishes its investments

Team

Partners and investing staff

Firm

The firm itself

Cohort brief

Auto-generated

The 42 portfolio companies with APIs in the catalog, backed by Spark Capital, scored on the Kin Score. Every figure below is computed from the catalog — nothing here is written.

Providers
42
of 48 on the roster
Mean Kin Score
29.4
+6.5 vs catalog 22.9
Mean Agent Readiness
15.3
+3.3 vs catalog 12
Spread
0–78.8
median 23.3 · σ 22.5
How the 42 split by band
Exemplar 5Strong 2Developing 7Thin 6Emerging 10Minimal 12
Facet averages, against the whole catalog
FacetThis cohortCatalogDifferenceScored
Operational Transparency 20.9 13.6 +7.3 42
Developer Ergonomics 30 23.1 +6.9 42
Access Clarity 33.1 26.4 +6.7 42
Contract Quality 24.2 17.6 +6.6 42
Discoverability 60.2 58.2 +2 42
Contract Governance 7.7 6.3 +1.4 42

A facet is averaged over the members that carry it, not over the whole cohort — the “Scored” column is that count. Averaging an absent facet as zero would score our own coverage gaps as the providers’ posture.

What this cohort publishes
ArtifactThis cohortCatalogDifference
MCP server (any) 24% 15% +9
MCP server (first-party) 21% 12% +9
Agent Skills 0% 0% 0
OAuth scopes 17% 11% +6
Security 100% 98% +2
Arazzo workflows 7% 2% +5
Governance rules 33% 13% +20

mcp_pct counts any mcp/ artifact including ones API Evangelist derived from the provider OpenAPI; mcp_first_party_pct counts only servers the provider publishes. Prefer the latter.

Top by Kin Score
  1. 1 Anthropic 78.8
  2. 2 Slack 68.4
  3. 3 Snapchat 67.2
  4. 4 Plaid 66.9
  5. 5 Parallel 66.6
  6. 6 Benchling 65
  7. 7 Deel 64.2
  8. 8 Flock Safety 51.4
  9. 9 Ramp 47.7
  10. 10 Discord 47.4
Top by Agent Readiness
  1. 1 Parallel 65
  2. 2 Deel 48.6
  3. 3 Snapchat 46.9
  4. 4 Ramp 43.1
  5. 5 Benchling 41.3
  6. 6 Plaid 38.6
  7. 7 Anthropic 37.7
  8. 8 Flock Safety 36.5
  9. 9 Slack 34
  10. 10 Optimism 32
This roster declares 48 members; 43 resolve to a provider in the catalog and 42 carry a score (98%). The figures above describe the scored members only.
Coverage caveat. 32 of 42 scored members had under half their catalog-attributable points satisfied at all (catalog_earned / catalog_max < 0.5). They are INCLUDED in the mean above. A large share here means the cohort mean is partly a measurement of how far our enrichment reached, not only of how these providers publish.Generated from the catalog build of 3 October 2026, across 28834 providers, using the same computation served by the APIs.io cohort API. Briefs are published for rosters of 5 or more scored providers; below that a distribution is not meaningful.

Source (apis.yml)

apis.yml Raw ↑
aid: spark-capital
name: Spark Capital
description: >-
  Spark Capital is a multi-stage venture capital firm founded in 2005 by Paul Conway, Santo Politi,
  Todd Dagres, and Bijan Sabet, with offices in San Francisco, New York, and Boston. Spark is a
  generalist firm that partners with founders from seed through growth across consumer internet,
  enterprise software, artificial intelligence, gaming, crypto, fintech, infrastructure, hardware and
  semiconductors, life sciences, aerospace, and the future of work. The firm invests from a family of
  early-stage funds (most recently a $700M fund in 2024) and dedicated growth funds (most recently a
  $1.4B fund in 2024), and press reports have placed its assets under management in the range of
  $12-15 billion. Spark first became widely known for leading Twitter's Series B in 2008 and has since
  backed a run of defining companies including Slack, Discord, Snap, Coinbase, Affirm, Plaid, Cruise,
  Oculus, Scale AI, Ramp, Deel, and Anthropic, whose Series C investment the firm turned into one of
  venture's largest recent markups. Spark rebranded in 2020 with design studio Pentagram around its
  distinctive dog-themed identity, and publishes a curated set of portfolio companies rather than a
  full list.
deliveryModel:
  model: unknown
  open_source: false
  commercial: false
  callable_host: false
  label: Delivery model not determined — needs a product licence on record
  confidence: low
  source:
  - none
  generated: '2026-08-28'
  method: derived
accessModel:
  pricing: unknown
  onboarding: unknown
  trial: false
  try_now: false
  public: false
  label: Unknown
  confidence: low
  source: []
  generated: '2026-07-22'
  method: derived
image: https://www.sparkcapital.com/favicon.ico
x-type: venture-capital
x-category: Venture Capital
created: '2026-07-17'
modified: '2026-07-17'
specificationVersion: '0.23'
tags:
  - Venture Capital
  - Seed
  - Series A
  - Series B
  - Growth Equity
  - Artificial Intelligence
  - Fintech
  - Crypto
  - Consumer Internet
  - Enterprise Software
  - Infrastructure
  - Semiconductors
  - San Francisco
  - Boston
  - New York
  - North America
apis: []
common:
  - type: Website
    url: https://www.sparkcapital.com/
  - type: Portfolio
    url: https://www.sparkcapital.com/companies
  - type: Portfolio
    url: portfolio/spark-capital-portfolio.yml
  - type: Team
    url: https://www.sparkcapital.com/team
  - type: Team
    url: team/spark-capital-team.yml
  - type: InvestmentThesis
    url: https://www.sparkcapital.com/about
  - type: Crunchbase
    url: https://www.crunchbase.com/organization/spark-capital
  - type: LinkedIn
    url: https://www.linkedin.com/company/spark-capital
  - type: Twitter
    url: https://twitter.com/sparkcapital
  - type: Features
    data:
      - "Stage: Seed through growth (multi-stage generalist)"
      - "Sectors: Consumer internet, enterprise software, AI, gaming, crypto, fintech, infrastructure, hardware/semiconductors, life sciences, aerospace, future of work"
      - "Geography: Primarily North America (offices in San Francisco, New York, Boston)"
      - "AUM: ~US$12-15B (press-reported)"
      - "Funds: 8 early-stage funds (latest $700M, 2024) and 5 growth funds (latest $1.4B, 2024)"
      - "Founded: 2005"
      - "HQ: Boston, Massachusetts, USA (with San Francisco and New York offices)"
      - "Founders: Paul Conway, Santo Politi, Todd Dagres, Bijan Sabet"
    sources:
      - https://www.sparkcapital.com/
      - https://en.wikipedia.org/wiki/Spark_Capital
    updated: '2026-07-17'
maintainers:
  - FN: Kin Lane
    email: info@apievangelist.com
    url: https://apievangelist.com
  - FN: APIs.json
    url: http://apisjson.org
  - FN: Spark Capital
    url: https://www.sparkcapital.com/

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