First Spark
First Spark last closed a fund in March 2022 — 56 months ago.
1 fund on record — a rhythm needs three. No month is guessed; the filing will say.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
Still filing with the SEC: September 2024. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 2
- Capital raised
- $171M
- Latest close
- March 2022
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| First Spark Seed Fund, L.P. | March 2022 | $115M | 0001897505 ↗ |
| First Spark Opportunities Fund, L.P. | February 2022 | $56M | 0001897455 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Manish Kothari
What First Spark invests in
- Typical fund
- $115M median, early stage, Series A-B scale
- Says it invests in
- health/bio · deeptech
- Says it invests at
- pre-seed · seed · Series A
- Website
- firstsparkventures.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Aduro (2 funds)
- Auditor
- BDO (2 funds)
From Form ADV filed by FIRST SPARK VENTURES, LLC CRD 318886 ↗, latest filing March 2026, covering 2 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.