Geneva-based Sparta Commodities, a provider of real-time intelligence for commodity traders, has secured $42 million in Series B funding led by One Peak, with continued backing from Singular and FirstMark.
“This investment fuels Sparta’s expansion beyond oil and gas, accelerating its vision to evolve from a data provider into a full-scale AI-powered trading platform – an industry-wide operating system that empowers traders with actionable intelligence and collaborative decision-making,” said Sparta.
Founded by former traders Felipe Elink Schuurman and Miles Moseley, Sparta says it was born out of first-hand frustration with the inefficiencies of commodity trading.
“For years, traders relied on fragmented data buried in endless spreadsheets, hoarding information as a competitive advantage,” said Sparta.
“But today, success depends on real-time insights, seamless collaboration, and AI-driven analytics – not outdated spreadsheets and siloed data.
“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 sets its sights on harnessing AI to unlock predictive insights, optimise price and volume forecasting, and streamline decision-making for traders worldwide.”
Elink Schuurman, CEO and Co-Founder of Sparta Commodities, said: “Today’s team-based incentives demand tools that turn isolated insights into collective alpha.
“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”.
With this latest funding round, Sparta 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.
“This funding is not just about growth—it’s about redefining the way the industry operates,” said Felipe Elink Schuurman. “We are building more than a platform; we are creating the intelligent infrastructure that will power the next generation of commodity trading.”
“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.”
David Klein, Co-founder and Managing Partner at One Peak, said: “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.”