About Lightspark
Lightspark is a company based in Los Angeles (United States) founded in 2022 by Christina Smedley, Tomer Barel, Kevin Hurley, Jai Massari, David Marcus, Christian Catalini, and James Everingham.. The company has 34 employees as of December 31, 2022. Lightspark has completed 1 acquisition, including Striga. Lightspark offers products and services including Connect, Grid Switch, Universal Money Address, and APIs and SDKs. Lightspark operates in a competitive market with competitors including Pi Network, Nibiru Chain, Berachain, Bloxroute and RYVYL, among others.
- Headquarter Los Angeles, United States
- Employees 34 as on 31 Dec, 2022
- Founders Christina Smedley, Tomer Barel, Kevin Hurley, Jai Massari, David Marcus, Christian Catalini, James Everingham
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Lightspark Group, Inc.
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Products & Services of Lightspark
Lightspark offers a comprehensive portfolio of products and services, including Connect, Grid Switch, Universal Money Address, and APIs and SDKs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates cost-effective Bitcoin transactions for businesses.
Enables efficient fiat payment connections to Bitcoin rails.
Supports real-time fiat and digital asset transfers securely.
Allows developers to build real-time transaction features easily.
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Funding Insights of Lightspark
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2022 | Amount | Seed - Lightspark | Valuation | a16z , Paradigm |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Lightspark
Lightspark has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Paradigm, Ribbit Capital and Andreessen Horowitz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Early-stage technology startups are invested in by Thrive Capital.
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Provider of an investment platform for various stages
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lightspark
Lightspark has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Striga. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online platform enabling businesses to offer crypto-based banking services
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lightspark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lightspark Comparisons
Competitors of Lightspark
Lightspark operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pi Network, Nibiru Chain, Berachain, Bloxroute and RYVYL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of blockchain-based platform offering to mine coins
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Proof-of-stake blockchain unifies trading, staking, and liquidity provision.
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An EVM-compatible blockchain is offered via Proof-of-Liquidity consensus.
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| domain | founded_year | HQ Location |
Cloud-based infrastructure is provided for scaling blockchain transactions.
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| domain | founded_year | HQ Location |
Blockchain infrastructure is delivered for payments and banking solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lightspark
Frequently Asked Questions about Lightspark
When was Lightspark founded?
Lightspark was founded in 2022.
Where is Lightspark located?
Lightspark is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Lightspark?
David Marcus is the current CEO of Lightspark. They have also founded this company.
How many employees does Lightspark have?
As of Dec 31, 2022, the latest employee count at Lightspark is 34.
What does Lightspark do?
Lightspark was founded in 2022 in Los Angeles, United States, as a platform focused on Bitcoin and blockchain infrastructure. Operations center on enabling transactions via the Lightning network, where instantaneous and low-cost transfers are facilitated for companies, developers, and merchants. The sector involves fintech innovations in cryptocurrency payments, with services designed to integrate and scale Bitcoin-based solutions across global networks.
Who are the top competitors of Lightspark?
Lightspark's top competitors include Pi Network, Nibiru Chain and Berachain.
What products or services does Lightspark offer?
Lightspark offers Connect, Grid Switch, Universal Money Address, and APIs and SDKs.
How many acquisitions has Lightspark made?
Lightspark has made 1 acquisition, including Striga.
Who are Lightspark's investors?
Lightspark has 8 investors. Key investors include Paradigm, Ribbit Capital, Andreessen Horowitz, Thrive Capital, and Coatue.
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