# Sparx Group

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

- Industry: Software
- Headquarters: New York, US
- Website: www.usesparx.com
- Total disclosed funding: $3.1M
- Latest round: Seed (Oct 3, 2023)
- Investors on record: 4

## About

Based in New York, US, Sparx Group Inc. operates as a software company that offers cloud optimization solutions for legal practices and accounting firms. The company was founded by its CEO, Ricky Pati, and Niko Fotopoulos. In October 2023, Sparx Group Inc. raised USD 3.1 million in seed funding co-led by Drive Capital, Human Capital, Thrive Capital, and Wicklow Capital.

Sparx provides a FinOps intelligence platform, which is a SaaS management platform that allows users to track and manage their SaaS usage and optimize their cloud spending. The company’s AI-powered cloud optimization engine automates cloud savings for legal practices, accounting firms, and dental offices. The firm’s client base includes BMW, Invisalign, the National Foundation for Cancer Research, and Bill.com.

The company plans to use the funds raised in October 2023 to expand its operations, further improve its products, and launch marketing and sales campaigns.

## Funding rounds

- Seed, Oct 3, 2023, $3.1M — Thrive Capital, Drive Capital, Wicklow Capital, Human Capital

## Investors

- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Seed
- Drive Capital (https://capitalatlas.ai/funds/drive-capital) — Seed
- Wicklow Capital — Seed
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Seed