About Sparta Group
Sparta Group is a venture capital firm founded in 2005. It is primarily based out of Stoneham, United States. As of May 2026, Sparta Group is an active investor, having invested in 9 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and High Tech. Most recently it participated in the $***** Seed round of Cypherbio Overall, Sparta Group portfolio has seen 1 unicorn and 1 IPO, namely Aequs and Stoke. A lot of funds co-invest with Sparta Group, with names like Radical Ventures sharing a substantial percentage of its portfolio. Sparta Group has team of 4 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio IPOs
Portfolio Unicorns
Sparta Group's List of Top Investments
Sparta Group has a portfolio of 9 companies, one of which is a Unicorn. Their most notable investmentis in VirtudentTheir portfolio spans across United States and India. They have invested in Enterprise Applications, HealthTech, High Tech and 6 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Sparta Group:
1. Pixxel
Operator of imaging satellites providing earth observation data solutions. The company is creating the space infrastructure needed to monitor the health of the planet. The company designs, builds, and operates advanced satellites, starting with the world’s highest-resolution commercial hyperspectral constellation, expanding to a full-stack intelligence layer that combines satellites, data, and analytics. These tools support decision-making across sectors, including agriculture, energy, environment, forestry, mining, and government. The company offers access to imagery and analytics through its platform
Key facts about Pixxel
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $195M
- Employee Count: 177 as on Mar 31, 2026
- Investors: Glade Brook Capital, Temasek and 38 Others
- Latest Funding Round: Series C, Sep 07, 2026, $*****
- Highlight: Editors' Pick
2. Aequs
Manufacturer of precision components for the aerospace and consumer industries. Operations involve vertically integrated manufacturing processes across metal, plastics, and electronics. The business produces custom parts based on specific requirements for original equipment manufacturers. Capabilities include the fabrication of aircraft components and various consumer goods ranging from household appliances to electronic devices. Facilities operate within a concentrated economic zone to manage production workflows.
Key facts about Aequs
- Founded Year: 2000
- Location: Belgaum (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $101M
- Employee Count: 1,280 as on Aug 31, 2025
- Investors: Steadview, Amansa Capital and 48 Others
- Latest Funding Round: PE, Sep 25, 2023, $*****
- Highlight: Public
3. Zolve
Fintech company providing a suite of financial services, including credit cards, bank accounts, and cross-border transactions. The company offers a range of products, including a checking account, a credit card, and a prepaid card, to help individuals manage their finances and build credit. It aims to make financial services more accessible to a wide range of people.
Key facts about Zolve
- Founded Year: 2020
- Location: Roseland (United States)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $106M
- Employee Count: 311 as on Sep 30, 2026
- Investors: Trifecta Capital, DST Global and 21 Others
- Latest Funding Round: Series B, Mar 11, 2025, $*****
- Highlight: Editors' Pick
4. Stoke
Manufacturer of reusable launch vehicles. It provides users with a platform that designs and develops reusable rocket systems that can deeply satellite in their orbits. It also offers routine-based launching services to satellite operators.
Key facts about Stoke
- Founded Year: 2019
- Location: Kent (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $2.3B
- Employee Count: 432 as on Aug 31, 2026
- Investors: Glade Brook Capital, Regah Ventures and 44 Others
- Latest Funding Round: Series E, Sep 08, 2026, $*****
- Highlight: Editors' Pick
Web-based analytics platform for improving care quality and tracking performance. The company is a technology and data analytics company that offers a web-based platform for hospitals and physicians to track their performance and interpret and develop performance improvement plans. The company's Time-Driven Activity-Based Costing process calculates the cost of each service by multiplying the number of minutes spent on it by each type of clinician or staff member by the cost per minute of each of their time. The company launched its first product first in joint replacements and now is extending into spine surgery. The company is building a network of hospitals and healthcare providers who use their technology and analytic tools to measure the costs of their care processes, compare treatment-specific data, and learn from peer hospitals to improve their results.
Key facts about Avant-garde Health
- Founded Year: 2014
- Location: Cambridge (United States)
- Stage: Series A
- Total Funding till date: $16.5M
- Employee Count: 48 as on Sep 30, 2026
- Investors: Founder Collective, TiE ScaleUp and 5 Others
- Latest Funding Round: Series A, Mar 10, 2022, $*****
- Highlight: Editors' Pick
Sparta Group's Year-on-Year Investment Trends
Sparta Group has invested in 9 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 3 investments, while as of May 2026, it has made 1 investment in this year. Its most recent first time investment was in Cypherbio and most recent follow-on round was in Zolve.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 2 | 3 |
2024 | 0 | 0 | 0 |
2023 | 4 | 0 | 4 |
2022 | 2 | 0 | 2 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 0 | 1 | 1 |
Sparta Group's Investments by Stage
Sparta Group has made 3 investments in Series A stage with an average round size of $20.1M, 2 investments in Seed stage with an average round size of $2M, 2 investments in Series B stage with an average round size of $88.1M, 1 investment in Conventional Debt stage with an average round size of $200M and 1 investment in PE stage with an average round size of $54M.Stage of entry | No. of Investments |
|---|---|
Series A | 3 |
Seed | 2 |
Series B | 2 |
Conventional Debt | 1 |
PE | 1 |
Note: We have considered here, only first round of investments
Sparta Group's Investments by Sector
Sparta Group has a diverse portfolio, with companies operating in the Enterprise Applications, Aerospace, Maritime and Defense Tech, HealthTech, High Tech and Life Sciences. Notably, it has invested in 7 Enterprise (B2B) companies, 7 Tech companies, 4 Tech hardware companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Aerospace, Maritime and Defense Tech | 2 |
HealthTech | 2 |
High Tech | 2 |
Life Sciences | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Sparta Group's Investments by Geography
Sparta Group has made most investments in United States (7), followed by India where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 7 |
India | 2 |
Note: We have considered here, only first round of investments
Sparta Group's recent investments
Sparta Group has made 1 investments in 2026 so far - Cypherbio.Here are the most recent investments by Sparta Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 27, 2026 | - | Seed | 2742 | [+3] | |
Mar 11, 2025 | United States | Series B | 1917 | [+7] | |
Mar 11, 2025 | United States | Conventional Debt | 6639 | [+7] | |
Feb 2025 | United States | Series D | 7116 | [+9] | |
Sep 25, 2023 | India | PE | 8580 | [+7] |
Unicorns in Sparta Group's Portfolio
Sparta Group has 1 unicorn in its portfolio - Stoke. The most recent unicorn in their portfolio is Stoke which became a unicorn in 2025, 2 years after Sparta Group first invested in it.Here is a list of unicorns in Sparta Group's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
60 | Manufacturer of reusable launch vehicles | 2019 | Kent | Series E | i{btmim |
IPOs and Publicly Listed companies in Sparta Group's Portfolio
1 of Sparta Group's portfolio company became public - Aequs. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Dec 2025 at marketcap of $924MHere are Sparta Group's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 10, 2025 | Sep 25, 2023 | PE | 6375 |
Team profile of Sparta Group
Sparta Group has a team of 4 members including 3 Partners and 1 Principal located in United States. Sparta Group's team does not sit on the board of any company as of now.Here is a list of all team members in Sparta Group:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Lexington | - | ||
Partner | Stoneham | - | ||
Partner | Cambridge | - | - | |
Principal | Stoneham | - |
Co-investors of Sparta Group
Over the past 10 years, 121 investors have co-invested in Sparta Group's portfolio companies. This includes funds and angels.
- Invested before Sparta Group: Blume Venture, Lightspeed and 61 others have invested in rounds before Sparta Group. There are 2 companies where Blume Venture has invested before Sparta Group and 2 companies where Lightspeed has invested before Sparta Group.
- Top Co-investors of Sparta Group: 35 investors entered a company along with Sparta Group. These include investors like Radical Ventures (1 company).
- Invested after Sparta Group: A total of 23 investors have invested in Sparta Group's portfolio after their investments. Top Investors include Glade Brook Capital (2 companies), Google (1 company) and Spartan Group (1 company).
Recent News related to Sparta Group
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Rejoni, Inc. Secures $25 Million in Financing for Juveena® Hydrogel SystemThe Joplin Globe•Jun 16, 2026•Rejoni, Iyengar Capital Partners, Clavystbio, AMED Ventures and 5 others
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Cypher AI Raises $2M in Seed FundingFinSMEs•May 27, 2026•Cypherbio, LiquidMetal Ventures, Sparta Group, MaC Venture Capital and 1 other
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He founded a startup that raised $250 million and dreams of solving access to credit for foreigners in the U.S.Forbes•Mar 18, 2025•Zolve, Creaegis, HSBC, Accel and 6 others
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Texas-based neobank Zolve secures US$251 million in fundingFintech News America•Mar 14, 2025•Zolve, Creaegis, HSBC, SBI Mutual Fund and 3 others
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Fintech Zolve raises $251 million in its largest funding round yet ...Reuters•Mar 11, 2025•Zolve, SBI Mutual Fund, HSBC, Creaegis and 13 others
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Sparta Announces Closure of Private Placementhttps://www.bignewsnetwork.com•Oct 03, 2024•Sparta Group
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Brixton Biosciences Raises $33M in Series B FundingFinSMEs•May 14, 2024•Brixton Biosciences, Schooner Capital, SV Health Investors, Excelestar Ventures and 3 others
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Sparta Capital Announces Issuing of Management Cease Trade ...Chronicle-Tribune•Feb 08, 2024•Sparta Group
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Aequs Raises Rs 448 crore in Funding Round Led by Singapore-based Amansa CapitalAequs•Oct 30, 2023•Aequs, Amansa Capital, Steadview, Catamaran and 3 others
