# NovaSparks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novasparks

- Industry: Hardware
- Headquarters: Paris, France
- Website: www.novasparks.com
- Total disclosed funding: $7.1M
- Latest round: Series C (Feb 9, 2015)
- Investors on record: 4

## About

NovaSparks SA develops high-performance, ultra-low latency trading solutions for financial markets, focusing on advanced market data processing and analytics to enhance trading efficiency.Founded in 2008 and headquartered in Paris, France, NovaSparks SA specializes in providing high-performance trading solutions through its flagship product, NovaTick™. The company underwent a significant change in ownership when, in July 2020, Peninsular Capital, along with the management, acquired a 51% majority stake from Partech Partners. Luc Burgun serves as the CEO. NovaSparks has successfully completed six funding deals to date, with the most recent being a Series C round that raised EUR 1.085 mn, bringing their total funding to EUR 1.085 mn and current company valuation to EUR 4.480 mn.NovaSparks specializes in high-performance, ultra-low latency trading solutions for financial markets, primarily through its flagship product, NovaTick™. This FPGA-based Ticker Plant product processes and normalizes market data from 75 feeds across major trading venues in North America, Europe, and Asia, offering sub-microsecond processing latency. The company delivers its solutions in scalable, easy-to-deploy appliances or tightly coupled PCIe cards that enhance trading efficiency and performance. NovaSparks targets a diverse client base within the financial sector, including hedge funds, proprietary trading firms, and institutional investors, who rely on rapid and reliable access to market data. The technology addresses core use cases such as order book building, multi-feed consolidation, and optimizing wireless infrastructures, all critical for firms looking to maintain a competitive edge in high-frequency trading environments.In 2018, NovaSparks reported a revenue of EUR 3,762,018.70 and an EBITDA of EUR -1,070,108.20. The company generates revenue through a business-to-business model, providing its FPGA-based trading solutions under various pricing structures, including direct sales and subscription-based access to its advanced trading technologies. Clients typically enter into agreements for the purchase of NovaTick™ products, which may include ongoing support and upgrades, facilitating a relationship that allows for continuous improvement of trading performance. The flagship NovaTick™ offerings, including both the Appliance and PCIe Card, are significant revenue drivers within its portfolio.Looking ahead, NovaSparks is focused on expanding its product offerings and market reach. The recent funding will be allocated towards developing new products aimed at enhancing trading capabilities. Additionally, the company plans to enter new geographic regions to broaden its client base. The strategic vision includes leveraging the funding secured in July 2020 to support these initiatives.

## Funding rounds

- Series C, Feb 9, 2015, $1.2M — Partech Partners, Credit Mutuel Equity, Amundi
- Series C, Jul 25, 2013, $1.2M — Partech Partners, Credit Mutuel Equity, SWEN Capital Partners, Amundi
- Series B, Jul 12, 2011, $2.7M — Partech Partners, Credit Mutuel Equity
- Series A, Apr 9, 2010, $1.9M — Partech Partners, SWEN Capital Partners, Amundi

## Investors

- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A, Series B, Series C
- SWEN Capital Partners (https://capitalatlas.ai/funds/swen-capital-partners) — Series A, Series C
- Amundi (https://capitalatlas.ai/funds/amundi) — Series A, Series C
- Credit Mutuel Equity (https://capitalatlas.ai/funds/credit-mutuel-equity) — Series B, Series C