Spark Capital startups are seeing soaring valuations and big exits. - Business Insider

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Spark Capital startups are seeing soaring valuations and big exits. - Business Insider
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The big winner of Uber's $2.65 billion Postmates acquisition is Spark Capital, a small VC firm that's enjoying a streak of hits in a gloomy 2020.

on Monday, one of the big winners was Spark Capital, a venture capital firm that was one of Postmates first backers.

Spark led a $16 million investment round in Postmates in 2013, and participated in several subsequent funding rounds, resulting in what is likely a hefty return. Just one week before the Postmates news, Mirror, a fitness tech startup that was also a Spark investment, And Spark has had several other successes in recent months, making for a remarkably bright streak in a challenging year marked by the coronavirus pandemic and the economic downturn.$1.35 billion to fund early and growth-stage startups, according to the Wall Street Journal.

 

What gloomy 2020? Values are tripling across the board

interesting

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