Next Sparc was formed by Len Pagon following the successful sale of his firm, Brulant to Rosetta in 2008. With its experienced leadership, Next Sparc is focused on actively participating in the daily operations of its portfolio companies, and is actively evaluating majority acquisition opportunities with growth stage companies based in North America.
Our team includes an extensive network of industry leading professionals from interactive marketing, private equity and successful entrepreneurial organizations. As we evaluate new companies to invest in, the people and the culture they have built is just as important to us as the idea and business that they have created. Read about some of our core values.
Emerging companies have a plethora of options when seeking investment capital including angel investors, private equity, and venture capital. The advantages to working with Next Sparc, include:
Next Sparc has a proven formula for achieving successful growth, and it includes more than experienced financial and operational acumen. We are adamant on creating a fun atmosphere in our companies. Throughout our careers we have witnessed the positive effects of professional environments that promote teamwork, collaboration and most of all, a break from the daily grind.
Len Pagon is Chairman and CEO of Next Sparc, LLC, which invests in emerging Internet-based, software and services-based companies and helps them achieve significant growth. During the last eight years, Next Sparc has successfully completed many investments.
Miles is CFO of Next Sparc, before which he spent his formative years as a Director with PwC in the Transaction Services group. He also acts as CFO of several portfolio companies.
Nathan Carmon is a General Partner with Next Sparc. Nathan started his career with Procter & Gamble establishing Oracle as the global database standard and developing IBM Cognos Powerplay into a commercial product with Cognos.
To date, Next Sparc has participated in and/or led over twenty investment transactions. Each of the companies in our portfolio have business models based on software development or are significantly leveraging technology to thrive in their respective markets. In every case, our knowledge of interactive marketing and internet technologies provided a distinct competitive advantage to these operations.
Next Sparc is aggressively seeking majority acquisition and/or controlling interest investments in the emerging technology space. We are targeting eCommerce (online retail) companies and Software as a Service (SaaS) solutions focused on Marketing Technology and Health Care/Fitness.
The Online Retail targets that we pursue generally fit the following criteria:
Revenues of $3M-50M (or more) ideally with gross margins of 40%, EBITDA of at least 10%
For smaller sized businesses, must show a market opportunity to grow to $25M+ over next 2-5 years or tuck-in possibilities for existing portfolio
Prefer capital efficient situations: primarily drop ship, low inventory, no or very limited physical retail locations
Consumable driven products with strong hobby or affinity group; anything that results in re-ordering and includes a repeatable customer base (Food Crafting is a great example)
Home Furnishings and designer items
Sports & Fitness, including outdoor fitness, triathlons, biking, cycling, running, skiing, yoga, golf, hiking, and apparel
For SaaS opportunities, we look for the following:
Revenues of $5M-30M (or more)
Solutions which include heavy focus on leveraging mobile and social media platforms
Vertical focus on Marketing Technology (Analytics, Search Marketing, Lead Generation, etc.) and Health Care/Fitness
We are dedicated to building a great portfolio of companies that can leverage a common technology and operational infrastructure. Your enterprise could be the next great addition to our team. Contact us today to discuss how we can provide the spark to help your business grow to the next level!