About First Spark Ventures
First Spark Ventures is a venture capital firm founded in 2021. It is primarily based out of United States. As of Jun 2026, First Spark Ventures is an active investor, having invested in 20 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Life Sciences and Enterprise Applications. Most recently it participated in the $***** Seed round of Radicalnumerics A lot of funds co-invest with First Spark Ventures, with names like Airstream Venture Partners sharing a substantial percentage of its portfolio. First Spark Ventures has team of 8 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Soonicorns
Deals in last 12 months
First Spark Ventures' List of Top Investments
First Spark Ventures has a portfolio of 20 companies. Their most notable investments are in Normal Computing and Flower.Their portfolio spans across United States, Canada and Germany. They have invested in High Tech, Life Sciences, Enterprise Applications and 11 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by First Spark Ventures:Developer of positioning, navigation, and timing infrastructure for connected systems. The company delivers a new layer of precision and resilience to power systems. It offers a software development kit designed for developers and compatible with receivers and chipsets. The company provides secure positioning for applications ranging from geospatial to IoT.
Key facts about Xona Space Systems
- Founded Year: 2019
- Location: Burlingame (United States)
- Stage: Series C
- Total Funding till date: $320M
- Employee Count: 155 as on Jul 31, 2026
- Investors: MaC Venture Capital, Space Capital and 37 Others
- Latest Funding Round: Series C, Mar 24, 2026, $*****
- Highlight: Editors' Pick
2. Inworld AI
Developer of AI tools for real-time conversational applications and voice agents. The company provides infrastructure for scaling games, media, and character applications. It offers integration with existing stacks and model providers through an API. The company’s runtime optimizes user interactions and supports multilingual capabilities, voice cloning, and emotion control.
Key facts about Inworld AI
- Founded Year: 2021
- Location: Mountain View (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $117M
- Employee Count: 87 as on Jul 31, 2026
- Investors: CRV, Accelerator Investments and 24 Others
- Latest Funding Round: Series A, Aug 02, 2023, $*****
- Highlight: Editors' Pick
Developer of AI software for hardware engineering and EDA solutions. It offers a unified EDA platform to accelerate complex hardware engineering. The company develops EDA tools and ASICs, aiming to reduce AI energy consumption. It provides solutions for verification collateral creation and workload efficiency.
Key facts about Normal Computing
- Founded Year: 2022
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $85M
- Employee Count: 96 as on Jul 31, 2026
- Investors: Samsung Catalyst Fund, Celesta Capital and 10 Others
- Latest Funding Round: Series A, Mar 25, 2026, $*****
- Highlight: Editors' Pick
4. Flower
ML framework for federated learning. It provides a framework for federated learning, analytics, and evaluation. It enables users to federate workloads, and programming languages. The platform supports framework such as pytorch, tensorflow, pandas, and more.
Key facts about Flower
- Founded Year: 2023
- Location: Hamburg (Germany)
- Stage: Series A
- Total Funding till date: $24.1M
- Employee Count: 82 as on Jul 31, 2026
- Investors: Felicis Ventures, Pioneer Fund and 7 Others
- Latest Funding Round: Series A, Feb 16, 2024, $*****
- Highlight: Editors' Pick
5. Inlyte
Grid battery solution. It is developing reliable grid batteries made from naturally abundant materials such as sodium metal halide. It aims to accelerate the transition to renewable energy by creating batteries for solar and wind energy storage.
Key facts about Inlyte
- Founded Year: 2021
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $8M
- Employee Count: 26 as on Jul 31, 2026
- Investors: Climate Capital, At One Ventures and 7 Others
- Latest Funding Round: Seed, Oct 26, 2023, $*****
- Highlight: Editors' Pick
First Spark Ventures' Year-on-Year Investment Trends
First Spark Ventures has invested in 20 companies over the last 4 years, with an average of 3 new investments annually in the last 3 years. In 2025, it made 3 investments, while as of Jun 2026, it has made 3 investments in this year. Its most recent first time investment was in Radicalnumerics and most recent follow-on round was in Normal Computing.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 2 | 3 |
2025 | 2 | 1 | 3 |
2024 | 4 | 1 | 5 |
2023 | 7 | 1 | 8 |
2022 | 6 | 0 | 6 |
First Spark Ventures' Investments by Stage
First Spark Ventures has made 12 investments in Seed stage with an average round size of $11.2M, 6 investments in Series A stage with an average round size of $44M, 1 investment in Series B stage with an average round size of $28M and 1 investment in Series C stage with an average round size of $50M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 6 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
First Spark Ventures' Investments by Sector
First Spark Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, HealthTech and Semiconductors. Notably, it has invested in 16 Enterprise (B2B) companies, 16 Tech companies, 11 Software companies and at least 5 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
High Tech | 9 |
Life Sciences | 6 |
HealthTech | 3 |
Semiconductors | 3 |
Others | 15 |
Note: We have considered here, only first round of investments
First Spark Ventures' Investments by Geography
First Spark Ventures has made most investments in United States (17), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 17 |
Canada | 1 |
Germany | 1 |
Note: We have considered here, only first round of investments
First Spark Ventures' recent investments
First Spark Ventures has made 3 investments in 2026 so far. Radicalnumerics and Normal Computing are the latest among them.Here are the most recent investments by First Spark Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 15, 2026 | United States | Seed | 1271 | [+3] | |
Mar 25, 2026 | United States | Series A | 7767 | ||
Mar 16, 2026 | United States | Series B | 2068 | ||
Oct 29, 2025 | United States | Series A | 5310 | [+7] | |
Jun 06, 2025 | United States | Series B | 3083 | [+6] |
Team profile of First Spark Ventures
First Spark Ventures has a team of 8 members including 4 Partners and 2 Principals located in United States. First Spark Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in First Spark Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Los Angeles | - | ||
Partner | New York | - | - | |
Partner | New York | - | - | |
Partner | United States | - | - | |
Principal | Stanford | - | ||
Principal | California | - | - |
Co-investors of First Spark Ventures
Over the past 4 years, 159 investors have co-invested in First Spark Ventures's portfolio companies. This includes funds and angels.
- Invested before First Spark Ventures: 1517 Fund, Trucks Venture Capital and 46 others have invested in rounds before First Spark Ventures. There is 1 company where 1517 Fund has invested before First Spark Ventures and 1 company where Trucks Venture Capital has invested before First Spark Ventures.
- Top Co-investors of First Spark Ventures: 80 investors entered a company along with First Spark Ventures. These include investors like Airstream Venture Partners (2 companies).
- Invested after First Spark Ventures: A total of 31 investors have invested in First Spark Ventures's portfolio after their investments. Top Investors include Samsung NEXT (2 companies), Future Ventures (1 company) and NGP Capital (1 company).
Recent News related to First Spark Ventures
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Radical Numerics Raises $50M in Seed FundingFinSMEs•Jun 15, 2026•Radicalnumerics, Triatomic, First Spark Ventures, Emergence Capital and 2 others
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Fundamental Research Labs nabs $30M+ to build AI agents across verticals
TechCrunch+•Aug 01, 2025•Patron, First Spark Ventures, Prosus, Andreessen Horowitz and 3 others
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Xona Raises $92M to Revolutionize Global Positioning with Pulsar ConstellationBenzinga•Jul 17, 2025•Xona Space Systems, NGP Capital, Industrious Ventures, Murata and 6 others
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Xona Raises $92M to Rebuild Satellite Navigation for a New EraTMC•Jun 26, 2025•Xona Space Systems, Craft Ventures, Stellar Ventures, Seraphim and 5 others
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Atlanta Deep Tech Team Lands Over $7 Million Seed RoundHypepotamus•Jan 15, 2025•SoloPulse, First Spark Ventures, EVE Atlas, Georgia Tech Foundation and 9 others
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Vitara Biomedical Raises $50 Million in Additional Financing and Names Kim Rodriguez as New Chief Executive Officerintelligence360•Nov 28, 2024•Vitara Biomedical, Google Ventures, First Spark Ventures, Khosla Ventures and 2 others
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Vitara Biomedical Raises $50 Million in Additional Financing and Names Kim Rodriguez as New Chief Executive OfficerBusiness Wire•Nov 19, 2024•Vitara Biomedical, Sands Capital, Google Ventures, First Spark Ventures and 2 others
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Altera Closes $9M Seed Round to Build Digital Human Beings and Redefine AI AgentsChronicle-Tribune•May 08, 2024•Altera, First Spark Ventures, Andreessen Horowitz, Patron and 3 others
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