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L-SPARK

Founders Leo Lax

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 153
Average round size
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The average size of a deal this fund participated in
$36K
Portfolio companies 104
Rounds per year 15.30
Lead investments 82
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 4
Key employees Soon
http://www.l-spark.com
https://twitter.com/LSPARKGlobal
Ottawa, Ontario, Canada
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Information Technology
  • Artificial Intelligence
  • Health Care
  • Enterprise Software
Summary

In 2014 was created L-SPARK, which is appeared as VC. The fund was located in North America if to be more exact in Canada. The main department of described VC is located in the Ottawa.

Deals in the range of 100 thousands - 1 million dollars are the general things for fund. The high activity for fund was in 2015. The real fund results show that this VC is 13 percentage points more often commits exit comparing to other companies. The fund is constantly included in less than 2 deals per year.

The standard case for the fund is to invest in rounds with 2-3 partakers. The meaningful sponsors for the fund in investment in the same round are MaRS Investment Accelerator Fund, Georgian Angel Network, Capital Angel Network. In the next rounds fund is usually obtained by ff Venture Capital, Mistral Venture Partners, Nouville Holdings.

The fund was created by Leo Lax.

For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Besides, a startup needs to be aged 1 and less years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline The Better Software Company Among the most popular fund investment industries, there are SaaS, Computer.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of L-SPARK:
1 DMZ
2 NEXT Canada
Typical Co-investors
L-SPARK is more likely to invest in rounds together with the following funds:
There are no funds here. If we find new data, we will add it here.
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after L-SPARK:
1 #Angels

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
1 Desjardins Venture Capital
3 MaRS Investment Accelerator Fund
4 NEXT Canada
5 VA Angels
Funds with the same geo focus
Funds with similar geography of portfolio companies:
1 Anges Quebec
2 Caisse de Depot et Placement du Quebec
3 Innovacorp
4 iNovia Capital
5 New Brunswick Innovation Foundation
Funds doing lead investments
Funds with similar focus acting as lead investors:
1 Awz HLS Investment Fund I LP
2 Creative Dock
3 Edge Edtech Fund
4 Saudi Crown Holding
5 Swiss Entrepreneurs Foundation
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Cyrus Capital Partners New York, New York, United States
GirnarSoft India, Jaipur, Rajasthan
Heitao China, Shanghai
Hexie Aiqi Investment Management Beijing, Beijing, China
Pandan Ventures Central, Central Region, Singapore
Pulver's Micro Angel Fund -
Punk, Ziegel & Company New York, New York, United States
Regional Health Care Industry Support Fund -
Shenzhen Qianhai Cai Fu Shu Fund Management China, Guangdong, Shenzhen
Suxin Chuangtou China, Jiangsu, Suzhou
SWFI Las Vegas, Nevada, United States
Totech Chuo, Japan
Wanhong Textile -
WarnerMedia New York, New York, United States
Xiangxiang Capital -

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Dispension Industries

Quality Assurance
Retail
Security
09 Dec 2020
L-SPARK
 Dartmouth, Nova Scotia, Canada

NERv Technology

Health Care
Hospital
Medical
30 Jul 2020
SOSV
L-SPARK
 Kitchener, Ontario, Canada

HeroHub

Charity
Information and Communications Technology (ICT)
Information Technology
Non Profit
Social Entrepreneurship
Social Media
Web Apps
04 May 2020
L-SPARK
 Kingston, Ontario, Canada

NERv Technology

Health Care
Hospital
Medical
$2M14 Apr 2020
GSVlabs
NorthSpring Capital Partners
Boutique Venture Partners
Graphene Ventures
SOSV
Threshold Impact
L-SPARK
Dorm Room Fund
 Kitchener, Ontario, Canada

Reshift security

Computer
Software
Web Development
$275K05 Jan 2020
L-SPARK
Software Secured
Business Development Bank of Canada
 Ottawa, Ontario, Canada

01 Jan 2020
L-SPARK
 (Old) Ottawa, Ontario, Canada

TRAINFO

Information Services
10 Dec 2019
L-SPARK
Blackberry
 Winnipeg, Manitoba

nugget

Education
Recruiting
Staffing Agency
03 Oct 2019
L-SPARK
 Old Toronto, Ontario, Canada

Analytics
24 Jul 2019
L-SPARK
 Coquitlam, British Columbia, Canada
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Total investments 153
Average round size 36K
Rounds per year 15.30
Peak activity year 2017
Lead investments 82
Follow on index 0.32
Exits 4
Group Appearance index 0.33

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Dispension Industries

Quality Assurance
Retail
Security
09 Dec 2020
L-SPARK
 Dartmouth, Nova Scotia, Canada

NERv Technology

Health Care
Hospital
Medical
30 Jul 2020
SOSV
L-SPARK
 Kitchener, Ontario, Canada

HeroHub

Charity
Information and Communications Technology (ICT)
Information Technology
Non Profit
Social Entrepreneurship
Social Media
Web Apps
04 May 2020
L-SPARK
 Kingston, Ontario, Canada

NERv Technology

Health Care
Hospital
Medical
$2M14 Apr 2020
GSVlabs
NorthSpring Capital Partners
Boutique Venture Partners
Graphene Ventures
SOSV
Threshold Impact
L-SPARK
Dorm Room Fund
 Kitchener, Ontario, Canada

Reshift security

Computer
Software
Web Development
$275K05 Jan 2020
L-SPARK
Software Secured
Business Development Bank of Canada
 Ottawa, Ontario, Canada

01 Jan 2020
L-SPARK
 (Old) Ottawa, Ontario, Canada

TRAINFO

Information Services
10 Dec 2019
L-SPARK
Blackberry
 Winnipeg, Manitoba

nugget

Education
Recruiting
Staffing Agency
03 Oct 2019
L-SPARK
 Old Toronto, Ontario, Canada

Analytics
24 Jul 2019
L-SPARK
 Coquitlam, British Columbia, Canada
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