Sparta secures €40 million for AI-powered commodity trading

Geneva-based Sparta, a provider of real-time intelligence for commodity traders, has secured €40 million in Series B funding to fuel their expansion beyond oil and gas, evolving from a data provider into a full-scale AI-powered trading platform.

The funding round was led by One Peak, with continued backing from Singular and FirstMark.

“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.”

Founded by former traders Felipe Elink Schuurman and Miles Moseley in 2020, Sparta was born out of first-hand frustration with the inefficiencies of commodity trading. According to Sparta, for years traders relied on fragmented data buried in “endless” spreadsheets, hoarding information as a competitive advantage. But today, success depends on real-time insights, seamless collaboration, and AI-driven analytics – not spreadsheets and siloed data.

Recognising this shift, Sparta is innovating how traders, analysts, and risk managers access and act on data. Sparta is setting its sights on harnessing AI to unlock predictive insights, optimise price and volume forecasting, and streamline decision-making for traders worldwide.

Sparta serves a diverse client base, from independent traders to multinational corporations.

“This funding is not just about growth—it’s about redefining the way the industry operates,” said Schuurman. “We are building more than a platform; we are creating the intelligent infrastructure that will power the next generation of commodity trading.”

With this latest funding round, Sparta looks 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.

“In One Peak, we’ve found the perfect partner to execute this vision. Throughout the funding process, we were thoroughly impressed by their deep expertise, strategic insight, and commitment to our vision. Their understanding of our industry and growth potential made them the clear choice to lead our Series B raise. We’re excited to partner with One Peak as we take Sparta to the next level,” Schuurman added.

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,” Klein concluded.

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