# Lightspark Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lightspark-group

- Industry: Software
- Headquarters: Los Angeles, US
- Website: www.lightspark.com
- Latest round: Series A (May 12, 2022)
- Investors on record: 8

## About

Based in California, US, and founded by Christian Catalini, David Marcus, Kevin Hurley, Jai Massari, Christina Smedley, and Tomer Barel in 2022, Lightspark Group, Inc. offers enterprise-grade, fast, and secure payment solutions that enable businesses to send and receive payments globally in real-time. In May 2022, Lightspark Group, Inc. raised Series A funding co-led by investors Andreessen Horowitz and Paradigm, with participation from other investors Coatue Management, Felix Capital, Matrix Partners, Ribbit Capital, Thrive Capital, and Zeev Ventures.

Lightspark offers a suite of tools and infrastructure to connect businesses to the Lightning Network. The network allows users to send and receive payments with speed, lower fees, and real-time settlement compared to traditional options. The company provides comprehensive developer tools, including software development kits (SDKs) and application programming interfaces (APIs), that allow developers to seamlessly integrate lightning network functionalities into their applications and digital wallets, fostering innovation in the online payments landscape. The company's proprietary solution, Lightspark Predict, leverages artificial intelligence (AI) to optimise transaction routing on the network. This ensures faster and more cost-effective money transfers, further enhancing the overall user experience for businesses and their customers. Lightspark addresses this with Universal Money Addresses (UMA). UMA allows users to create human-readable payment addresses based on names or aliases, simplifying the process of sending and receiving payments.

## Funding rounds

- Series A, May 12, 2022 — Matrix Partners, Andreessen Horowitz, Coatue Management, Thrive Capital, Ribbit Capital, Felix Capital, Zeev Ventures, Paradigm

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series A
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A
- Felix Capital (https://capitalatlas.ai/funds/felix-capital) — Series A
- Zeev Ventures (https://capitalatlas.ai/funds/zeev-ventures) — Series A
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Series A