DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Spero Management Company, LLC
Spero Management Company, LLC
venture manager, reported GAV $321M across 4 vehicles
Importance
38
elevated
Active deployment
30
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
15
moderate
Identity and regulatory footprint
- Headquarters
- Burlingame, CAadviserinfo.sec.gov
- Office address
- 1325 HOWARD AVE. #923, Burlingame, CA, 94010adviserinfo.sec.gov
- Business phone
- 6507764153adviserinfo.sec.gov
- Website
- https://spero.vc/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 26, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $323Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 6507764153adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
33 observed deals
Stated (the firm’s website)
- Sectors
- ai, healthcare, marketplaces, climate, energy
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation
seed 100%
Stage at first entry
seed 100%
Sectors
unknown 90%Other Technology 7%Other Energy 3%
lead rate 100%follow-on rate 0%new logos, 12 months 32
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Spero Fund II, LP | Fund | unknown | Unknown | $126M Mar 29, 2024 | 2 | $0 | Apr 22, 2024 |
| Spero Fund I, LP | Fund | unknown | Unknown | $123M Mar 29, 2024 | 2 | unknown | unknown |
| Spero Ventures LLC | Fund | unknown | Unknown | $71.8M Mar 29, 2024 | 2 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
9 current, 0 departed
Nolan Shah
AssociateAssociate
Andrew Parker
General partnerGeneral Partner
Sara Eshelman
General partnerGeneral Partner
Shripriya Mahesh
General partnerGeneral Partner
Andrew D Parker
Managing partnerManaging Member (Spero Fund Ii Gp, Llc) · since Mar 1, 2024
Shripriya Mahesh
Managing partnerManaging Member (Spero Fund Ii Gp, Llc) · since Mar 1, 2024
Stephen Wemple
PrincipalPrincipal
Marc Tarpenning
Venture partnerVenture Partner
Marc Tarpenning
Venture partnerVenture Partner
Investments on record
33 edges, 30 companies, 2 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
40 relationships from shared deals, counted for the whole firm
Scribble Ventures Management, LLC 3 shared · recurringCity Light Capital Management III, LLC 2 shared · recurringHabitat Partners Management LLC 1 shared · one timeLobster Capital, LLC 1 shared · one timeBlackbird Ventures Pty Ltd. 1 shared · one timeSpider Capital 1 shared · one timeMerida Capital Holdings LLC 1 shared · one timeShine Capital 1 shared · one timeNyca Management LLC 1 shared · one timePulse Investment Partners LLC 1 shared · one timeIN Venture 1 shared · one timeGlasswing Ventures, LLC 1 shared · one timeWalden Catalyst 1 shared · one timeK50 Ventures 1 shared · one timeTrive Capital Management LLC 1 shared · one timeSJW Investments, LLC 1 shared · one timeCommonweal Ventures Management, LLC 1 shared · one timeSilverton Management, L.L.C. 1 shared · one timeAnkona Management, LLC 1 shared · one timeHoxton Ventures 1 shared · one timeSterling Road 1 shared · one timeMatchstick Ventures, LLC 1 shared · one timeOverwater Ventures LLC 1 shared · one timeLeap Forward Ventures, LLC 1 shared · one timeAmerican Family Ventures 1 shared · one timeEngine Ventures 1 shared · one timeWestern Technology Investment (wti) 1 shared · one timeCanaan Partners 1 shared · one timeRA Capital Management, LP 1 shared · one timeGrotech Management Company 1 shared · one timeInfinity Investment Management Holdings, LLC 1 shared · one timeMontage Ventures 1 shared · one timePositive Sum Advisors LLC 1 shared · one timeRetv Management, LLC 1 shared · one timeVoyager Partners Management LLC 1 shared · one timeSwift Ventures 1 shared · one timeGrdnt LLC 1 shared · one timeJ Ventures 1 shared · one timeValuestream Ventures 1 shared · one timeMassMutual Ventures 1 shared · one time · they led 1 · we led 1
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
4 dated events
- Mar 29, 2024Spero Management Company, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Spero Ventures LLC first reported on Form ADV by Spero Management Company, LLC (Venture Capital Fund), GAV $71,832,468Fund first reported on Form ADVFundsFactSpero Ventures LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Spero Fund II, LP first reported on Form ADV by Spero Management Company, LLC (Venture Capital Fund), GAV $126,250,000Fund first reported on Form ADVFundsFactSpero Fund II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2024Spero Fund I, LP first reported on Form ADV by Spero Management Company, LLC (Venture Capital Fund), GAV $122,840,148Fund first reported on Form ADVFundsFactSpero Fund I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $321M across 4 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $321M across 3 vehicles
Evidence
38 observations from 3 sources