Idealist Capital led a $35m Series B funding round in SPARK Microsystems.

Idealist Capital, a growth equity investment firm, led a $35m Series B funding round in SPARK Microsystems, a fabless semiconductor company, with participation from Cycle Capital, Economic Development Canada, Real Ventures, and ND Capital. “With strong backing from Idealist Capital and existing investors, SPARK Microsystems is well positioned to execute on its vision of creating high-performance wireless networks for a broad range of products with significantly longer battery lifecycles and reduced waste for a more sustainable, environmentally friendly future. This new financing marks a pivotal milestone in the mass market commercialization of SPARK’s UWB technology, equipping us to meet massive demand for breakthrough performance in short-range wireless connectivity,” Fares Mubarak, SPARK Microsystems CEO.