Venture capital fund · 7 deals

Spark Capital

Sydney

Disclosed deals

Every published round Spark Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.

Company	Stage	Announced	Amount	Role	Alongside	Sources
Baseten	Series D+	22 Jun 2026	$1.5b	Lead	Altimeter Capital Conviction Sands Capital Wellington Management IVP T. Rowe Price Durable 01A Blackbird Ventures	Dealroom, Blackbird Ventures
Granola	Series C	Mar 2026	US$125m ($175m)	Participant	Index Ventures Kleiner Perkins Lightspeed NFDG	shopifreaks.com, granola.ai
9fin	Series C	Mar 2026	US$170m ($239m)	Participant	HarbourVest Partners CPP Investments Redalpine Highland Europe Seedcamp	fintech.global
Cover Genius	Series D+	May 2024	$120m	Lead	Dawn Capital King River Capital G Squared	SmartCompany (Thu 19 Dec 2024), SmartCompany (Fri 17 May 2024), King River Capital portfolio
Zeller	Series B	3 Mar 2022	$100m	Participant	Headline Square Peg Capital Addition Hostplus	Forbes Australia (Wed 24 Jun 2026), Fintech News Australia, Startup Daily (Fri 3 Oct 2025), SmartCompany (Fri 3 Oct 2025), Forbes Australia (Fri 6 Sep 2024), SmartCompany (Wed 31 May 2023), Startup Daily (Thu 2 Feb 2023), Techboard, SmartCompany (Fri 8 Apr 2022), Startup Daily (Mon 7 Mar 2022), Startup Daily (Thu 3 Mar 2022), Australian FinTech, SmartCompany (Thu 3 Mar 2022), myzeller.com, TechCrunch Australia (Wed 2 Mar 2022), TechCrunch Australia (Wed 2 Mar 2022), Square Peg Capital portfolio
Zeller	Series A	23 Jun 2021	$50m	Lead	Square Peg Capital Apex Capital Partners Addition	Startup Daily (Thu 3 Mar 2022), SmartCompany (Thu 3 Mar 2022), Square Peg Capital, Australian FinTech (Tue 5 Oct 2021), SmartCompany (Fri 25 Jun 2021), Australian FinTech (Thu 24 Jun 2021), Startup Daily (Wed 23 Jun 2021), SmartCompany (Wed 23 Jun 2021), myzeller.com, TechCrunch Australia (Tue 22 Jun 2021), TechCrunch Australia (Tue 22 Jun 2021)
Parkable	Series A	13 Sep 2019	$4.7m	Lead	Rowan Simpson David Brain Peter Beguely	Startup Daily (Mon 6 Dec 2021), Startup Daily (Fri 13 Sep 2019), Startup Daily (Mon 2 Sep 2019)

Portfolio

Companies Spark Capital has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
9fin		Mar 2026, Series C	1	0
Baseten		22 Jun 2026, Series D+	1	1
Cover Genius	Embedded insurance and protection APIs for digital brands	May 2024, Series D+	1	1
Granola		Mar 2026, Series C	1	0
Parkable		13 Sep 2019, Series A	1	1
Zeller		23 Jun 2021, Series A	2	1

Funds

Fund closes reported for Spark Capital, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Spark Capital yet.

Portfolio companies acquired

Companies Spark Capital has backed that another company then bought. An exit for the holding, not a deal Spark Capital did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Spark Capital is recorded as having been acquired.

People

Name	Role	Sources
James Kuklinski	General Partner	coverager.com, Startup Daily, myzeller.com, TechCrunch Australia
Renee Mataparae	Future of Connectivity Lead	Startup Daily

Coverage

Stories naming Spark Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

15 deals

🇦🇺 This Week in Australian Startups #179, 26th September 2026

Weekly roundup recording a dozen raises and acquisitions, Firmus's scheduled float, a new $50m venture fund, a founder share sale, grant winners, an accelerator intake, and an AI agent's government breach.

This Week in Australian Startups Sat 26 Sep 2026 Amber Electric Auric CodeBreakers Fever Heidi Health HEO Hubblenetwork Kinoxis Therapeutics Medcast OpenDebt Remagine Labs RentBetter Significant Capital Ventures TasTest Zeligate Advanced Navigation Afterpay Airtasker AirTrunk Airwallex Anthropic AUSTRAC Australian Government Australian Signals Directorate Catch CDC Centre Droneshield Elixinol Wellness Ellerston Capital Employment Hero Firmus Technologies Genetic Signatures Innovaero Investment NSW Kongsberg Luxury Escapes Medicare Microba Life Sciences Morgan Stanley National Transport Solutions Nearmap News Corp NSW Government Ofload OpenAI ParaScript Ramp South Australian Government Spark Capital Stakk Limited Telix Pharmaceuticals Telstra The U Group The University of Sydney Thoma Bravo University of Canberra University of Newcastle UNSW Sydney Victorian Government Vitable 1GT AirTree Ventures Angel Investors Antler Australia Athletic Ventures Avicella Capital Baillie Gifford Beaten Zone Venture Partners Best Practice Blackbird Ventures Carthona Capital CSIRO DCode Capital Deepwater Dumm Capital E.ON EQT ETF Partners EVP General Catalyst Headline Innovation Victoria Main Sequence Ventures Medical Research Future Fund Monash University NRF Corporation Paspalis Phoenix Court Point72 Salus Ventures Scalare Partners Stoic Venture Capital Ten13 Uniseed UniSuper Greg Boorer Pat Cummins Sam Kerr Albanese Anoulack Chanthivong Gabby Leibovich Hezi Leibovich Jack Zhang Jonathan Lui

Also DealStreetAsia·Dealroom·This Week in Australian Startups·AFR Technology·AFR Technology·Startup Daily·AFR Technology·AFR Technology·ABC News Technology·iTnews

2 deals

Baseten: the whole game

Blackbird's post explaining its participation in Baseten's $1.5 billion Series F, its biggest investment yet, and why inference infrastructure will anchor the open-source AI era; notes rapid growth and senior engineering hires.

Also Dealroom

2 deals

TechCrunch Mobility: A new robotaxi scorecard shows China’s dominance

Mobility newsletter: a new autonomy index puts Chinese robotaxi operators on top; Cargofy raises $11m, XDOF $70m; Carro buys CarPlace; plus driverless partnerships and a Waymo recall.

Series C $170m

9fin raises $170m Series C at $1.3bn valuation

Debt-data platform 9fin has banked a $170m Series C valuing it at $1.3bn, with HarbourVest leading and CPP Investments joining four returning backers, lifting lifetime funding beyond $250m.

fintech.global Tue 31 Mar 2026 9fin Deutsche Bank JP Morgan Chase CPP Investments HarbourVest Partners Highland Europe Redalpine Seedcamp Spark Capital Hussam EL-Sheikh Steven Hunter

Series C $125m

Granola raises $125M to put your company's context to work

AI notepad maker Granola announced a $125 million Series C at a $1.5 billion valuation, led by Index Ventures with Kleiner Perkins and returning backers, alongside new features for sharing meeting context.

Also shopifreaks.com

12 deals

From quantum computing to quesadillas: Top 12 biggest capital raises of 2024

Year-end roundup ranking 2024's twelve largest startup raises, headed by PsiQuantum's $940 million government-backed quantum computing round, plus Guzman y Gomez's ASX listing and Betashares' Temasek investment.

8 deals

Five Aussie startups that raised $163.6 million this week

Weekly roundup covering five Australian startups' raises: an insurtech Series E, a digital ID Series A, medtech and proptech funding, and a recycling platform's equity crowdfunding campaign.

Also SmartCompany·Startup Daily

Series D+ $80m

Cover Genius raises $80 million

Cover Genius has landed a Series E round of 80 million dollars, with Spark Capital leading and prior backers Dawn, King River and G Squared joining; lifetime funding now sits near 245 million.

coverager.com Thu 16 May 2024 Cover Genius eBay Ryanair Uber Dawn Capital G Squared King River Capital Spark Capital Angus McDonald James Kuklinski

10 deals

Cybersecurity Sector Leads For New Unicorns In October, With Zero From Silicon Valley

Crunchbase's October 2023 unicorn board update: nine newcomers led by two cybersecurity firms, with Sydney's Employment Hero reaching unicorn status, Shield AI revalued upward, and Convoy and Olive AI shutting down.

Also Crunchbase News

Funding announcement

Meet the CEO of one of Australia's fastest growing unicorns

Profile of Zeller's co-founder Ben Pfisterer covering the payments firm's Melbourne base, unicorn valuation, early backers, product range and growth since launching in 2021.

Forbes Australia Tue 25 Oct 2022 Addition Apex Capital Partners Cuscal Headline Officeworks Spark Capital Square Square Peg Capital Zeller Ben Pfisterer

2 deals

Australian fintech Zeller raises $100M AUD Series B at $1B AUD valuation

Australian neobank Zeller closed a Series B valuing it above one billion Australian dollars, led by Headline with Hostplus participating and prior backers Square Peg, Addition and Spark Capital returning.

TechCrunch Venture Wed 2 Mar 2022 Zeller Addition Headline Hostplus Spark Capital Square Peg Capital Ben Pfisterer Dominic Yap King Goh Lee Fixel

Also TechCrunch Venture·SmartCompany·Startup Daily·myzeller.com·Australian FinTech·Startup Daily·SmartCompany·Techboard·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Forbes Australia·Fintech News Australia·Forbes Australia

19 deals

2021 wrapped: a record-breaking year for fundraising and growth

Square Peg Capital's year-in-review recaps its 2021 portfolio: raises it led or joined, SPAC listing decisions, Vend's acquisition, new investment-team hires, and its newsletter and podcast output.

2 deals

Kiwi parking optimisation startup Parkable raises NZ$4.7 million

New Zealand parking platform Parkable raised NZ$4.7 million in debt and equity, led by Pioneer Capital, with new and existing individual investors, ahead of a planned 2022 series B and expansion into US, UK and Australian markets.

Startup Daily Mon 6 Dec 2021 Parkable Spark Capital David Brain Jason Kilgour Pioneer Capital Pip England David Brain Jason Kilgour Toby Littin

Also Startup Daily

Funding announcement

Founders Stories Podcast: Vend on making tough calls and leading without ego

Square Peg's podcast interviews Vend founder Vaughan Fergusson and new CEO Ana Wight, covering the retail software company's culture, leadership, its almost US$60 million raised, and its US$350 million sale to Lightspeed POS in March 2021.

Square Peg Capital portfolio Tue 25 May 2021 EY-Parthenon Lightspeed POS Inc McKinsey & Company Microsoft Spark Capital Square Peg Capital Vend Ana Wight Vaughan Fergusson

Also Startup Daily

Series A NZ$4.6m

Parking app Parkable raises NZ$4.6 million

New Zealand parking startup Parkable closed a Series A led by Spark, with new local backers, valuing it at NZ$36 million. The article also recalls its February acquisition of Brisbane's Park Genie.

Startup Daily Mon 2 Sep 2019 Parkable Edelman Movio Park Genie TradeMe Spark Capital David Brain Peter Beguely Rowan Simpson Brody Nelson Renee Mataparae Toby Littin

Also Startup Daily·Startup Daily

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