# Spark Change Group

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

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.sparkchange.io
- Total disclosed funding: $4.6M
- Latest round: Series A (Nov 11, 2020)
- Investors on record: 6

## About

Spark Change Group Inc. is a data and insights provider specializing in carbon pricing analysis to assist financial institutions in managing climate-related risks effectively.Spark Change Group Inc. was founded in 2018 in London, UK, focusing on providing crucial insights into carbon pricing for financial institutions. The company has successfully raised GBP 3.50 mn in SERIES A funding on November 11, 2020, led by Barclays, with participation from multiple investors. It has completed a total of 2 deals, reflecting its growth trajectory in the carbon analytics space.SparkChange specializes in providing data and insights focused on carbon pricing, a critical factor for financial institutions navigating transition risks in climate regulation. Their core offerings include a transparent, global bottom-up modeling system that integrates over 30 data sources to assess corporate earnings impacts from carbon pricing. This intelligence is designed to empower advisory teams, commodity sales teams, fund managers, and risk teams to effectively capitalize on opportunities while mitigating risks associated with carbon pricing regulations. SparkChange's client base includes financial institutions globally, such as hedge funds and investment firms, that require detailed analysis and strategic insights to adapt to fluctuating carbon markets. The products are utilized across various geographical markets, emphasizing regions involved in compliance carbon markets, including the EU and UK, where significant regulatory changes are anticipated.The revenue generation model of SparkChange is primarily anchored in subscription-based services and partnerships with financial institutions. Clients typically engage with SparkChange through tailored agreements that provide continuous access to their data insights and advisory services, enabling them to integrate these findings into their strategic decision-making processes. For instance, a financial institution may subscribe to SparkChange's services to receive regular reports and real-time data updates regarding carbon pricing trends and risks. Additionally, SparkChange's offerings may include specialized analytical tools that support clients in identifying financial risks related to climate regulation, thus enhancing their portfolio management strategies. This structured approach ensures that clients pay for ongoing value derived from SparkChange’s expertise in carbon market analytics and regulatory impacts.With the recent funding of GBP 3.50 mn raised in SERIES A funding on November 11, 2020, Spark Change Group Inc. plans to enhance its service offerings and expand its market presence. The company aims to introduce new analytical tools and product features that cater to emerging regulatory changes in the carbon market over the next 12 months. Additionally, SparkChange is targeting expansion into key regions, particularly in Asia and North America, anticipated by the end of 2022, to capitalize on growing demand for carbon pricing insights.

## Funding rounds

- Series A, Nov 11, 2020, $4.6M — Techstars, Barclays, Block.one, Solactive AG, Swing Ventures, Librae Holdings Limited

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- Barclays — Series A
- Block.one (https://capitalatlas.ai/funds/block-one) — Series A
- Solactive AG — Series A
- Swing Ventures (https://capitalatlas.ai/funds/swing-ventures) — Series A
- Librae Holdings Limited — Series A