# Sparrow Tech Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sparrow-tech-private

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.sparrowexchange.com
- Total disclosed funding: $24M
- Latest round: Series A (Feb 15, 2022)
- Investors on record: 7

## About

Sparrow Tech Private Limited, based in Singapore, is a company dedicated to providing advanced digital asset solutions that enhance user experience and privacy through innovative tracking technologies.Sparrow Tech Private Limited was founded in 2018 in Singapore and specializes in digital asset management. It secured USD 20.00 mn in Series A funding on February 15, 2022, led by WndrCo, along with contributions from Authentic Ventures and South Park Commons. The company has completed 5 deals to date. Kenneth Yeo serves as the CEO of the company.Sparrow specializes in providing digital asset solutions, focusing on enhancing user experience and privacy through the utilization of tracking technologies known as "Cookies." Their primary offerings include a suite of tools that help clients manage digital assets effectively while ensuring compliance with privacy regulations. These solutions cater to a diverse clientele, including digital marketers, website administrators, and businesses optimizing their online presence while safeguarding user information. Sparrow targets markets in North America, Europe, and parts of Asia, where demand for digital asset management and privacy-centric solutions is growing.In the most recent fiscal year of 2023, Sparrow Tech Private Limited generated a revenue of USD 1,149,987 and achieved an EBITDA of USD 3,038,733. Revenue is derived from subscription-based services and partnerships, with clients engaging through tiered plans that accommodate both Business-to-Business (B2B) and direct-to-consumer transactions.Following the Series A funding round in February 2022, Sparrow Tech Private Limited plans to utilize the USD 20.00 mn raised to accelerate sales, marketing, and product development activities in North America. The company aims to expand its team of industry leaders and hire for key positions in engineering, product management, operations, sales, and marketing. Sparrow is also focused on launching new products tailored to the evolving needs of its clients, though specific details regarding these products and their release dates have not been disclosed.

## Funding rounds

- Series A, Feb 15, 2022, $20M — Authentic Ventures, WndrCo, South Park Commons
- Series A, Jun 22, 2020, $3.5M — Signum Capital, Du Capital, Bitmex Ventures, Block.one

## Investors

- Signum Capital (https://capitalatlas.ai/funds/signum-capital) — Series A
- Du Capital (https://capitalatlas.ai/funds/du-capital) — Series A
- Bitmex Ventures (https://capitalatlas.ai/funds/bitmex-ventures) — Series A
- Block.one (https://capitalatlas.ai/funds/block-one) — Series A
- Authentic Ventures (https://capitalatlas.ai/funds/authentic-ventures) — Series A
- WndrCo (https://capitalatlas.ai/funds/wndrco) — Series A
- South Park Commons (https://capitalatlas.ai/funds/south-park-commons) — Series A