Spark Growth Ventures

Spark Growth Ventures (SGV) is a San Diego-based venture capital firm founded in 2018 by Hem Suri, who serves as Founder and Managing Partner. The firm operates as a vertical-agnostic early- and mid-stage technology investor covering software-enabled products and services, B2B, B2C, and hardware-as-a-service. Rather than raising from traditional institutional LPs, SGV runs an evergreen-equivalent structure powered by a global community of 1,400-plus members across six continents who co-invest alongside the fund and contribute domain expertise, equating to roughly $45 million in deployed gross AUM. Typical checks run $500,000 to $2 million in seed through Series A rounds, with the capacity to follow on into later stages. The firm has been recognized as a 2022 Emerging 50 VC and a 2023 Top 25 Founder's Choice VC. Suri brings 13 years of venture, private equity, and M&A experience spanning 50-plus transactions and more than $2 billion of capital. SGV has made 35 disclosed investments with 24 to 25 active portfolio companies on three continents, spanning SaaS, healthtech, proptech, HR technology, and aerospace. Named portfolio companies include Splitero (a San Diego home equity investment platform), tab32 (cloud dental practice management with AI), Luna Physical Therapy, and Placer.ai -- both named Forbes Best Startup Employers of 2024. The most recent disclosed deals include Humanly's Series B in May 2025 and a SpaceX investment in September 2025. The most recent portfolio exit was PathologyWatch in November 2023. SGV's community-driven model is a deliberate structural choice: by giving 1,400 domain experts skin in the game, the firm generates proprietary deal flow, due diligence depth, and portfolio company introductions that a conventional fund of comparable size could not replicate.