Sparta, a market-leading provider of real-time intelligence for commodity traders based in Geneva, has secured $42 million in Series B funding. This investment fuels Sparta’s expansion beyond oil and gas, accelerating its development into a full-scale AI-powered trading platform empowering traders with actionable intelligence and collaborative decision-making.
Founded by former traders Felipe Elink Schuurman and Miles Moseley, Sparta was born out of first-hand frustration with the inefficiencies of commodity trading. For years, traders relied on fragmented data buried in spreadsheets, hoarding information as a competitive advantage. But today, success depends on real-time insights, seamless collaboration, and AI-driven analytics.
Recognizing this shift, Sparta has revolutionised how traders, analysts, and risk managers access and act on data. With a robust history of automating global trading workflows, Sparta now aims for harnessing AI to unlock predictive insights, optimise price and volume forecasting, and streamline decision-making for traders worldwide.
“Today’s team-based incentives demand tools that turn isolated insights into collective alpha.”, said Felipe Elink Schuurman, CEO and Co-Founder of Sparta. “To maximise profits, traders need live, granular, customisable data. They also need an AI-powered operating system to analyse, visualise, collaborate, and ultimately help them build conviction”.
Expanding Beyond Oil: The Next Era of Commodity Trading
With this latest funding round led by One Peak, with continued backing from Singular and FirstMark, Sparta is set to expand into new commodities beyond oil and gas, leveraging its technology to serve a broader market. The company aims to evolve from a traditional data vendor into a comprehensive trading intelligence platform that enables traders, analysts, and risk managers to collaborate, analyse data, and make real-time decisions within a seamless operating system. Additionally, Sparta will enhance its AI-driven capabilities to identify key market signals, uncover trade patterns, and improve price and volume forecasting, solidifying its position as the trusted AI co-pilot for the industry.
David Klein, Co-founder and Managing Partner at One Peak, commented, “We are thrilled to support Sparta in revolutionising commodities trading with AI-powered intelligence and insights for physical and paper trades. The world-class team at Sparta, led by Felipe and Miles, has built a truly innovative platform that doesn’t only solve today’s challenges but also positions Sparta at the forefront of the next AI-powered wave of trading technology.”
“We’re excited to help accelerate Sparta’s dynamic growth and scale the platform across new markets. This investment aligns perfectly with our mission to back exceptional entrepreneurs in market-leading software businesses, and we have no doubt that Sparta will continue to redefine the commodities trading ecosystem.”
(Press release / SK)
The new Swiss Venture Capital Report was published on 26 January. It analyses 304 financing rounds closed in 2020 and includes further article such as an interview with Michael Hengartner, President of the ETH Board, and a list of Swiss "soonicorns". 
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