First Spark Seed Fund, L.P.

First Spark Ventures · adviser of record: First Spark Ventures, LLC · 2021 vintage

First Spark Seed Fund, L.P. is a 2021 venture fund managed by First Spark Ventures, with $115mm raised (Form D, amount sold). It reported $130mm in gross assets at year-end 2025, 1.13x its size, its highest reported value.

Latest value held

$130mm year-end 2025

Peak

$130mm year-end 2025

Fund size

$115mm Form D, amount sold

Held vs. size

1.13x peak 1.13x

Value held by year-end

Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker

Other funds from First Spark Ventures

• First Spark Opportunities Fund, L.P. 2021

All First Spark Ventures funds

About these numbers

Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-5416342171. Data updated October 13, 2026.