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Spark Biomedical
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About Spark Biomedical
Spark Biomedical, established in 2018, is a medical device company focused on developing wearable neurostimulation solutions to address the opioid crisis and other neurological conditions. The company was co-founded by Daniel Powell (CEO), Dr. Alejandro Covalin (CTO), and Dr. Navid Khodaparast (CSO). Powell has over 25 years of experience in developing and marketing technical solutions, with a specific passion for neurostimulation, having previously launched products for deep brain stimulation and vagus nerve stimulation. Dr. Covalin, a UCLA alumnus with over 25 years of experience and 18 patents, leads the company's research, development, and intellectual property strategy. Dr. Khodaparast, with a background in applying neuroplasticity concepts to stroke recovery, directs the company's clinical trials and scientific endeavors.
The company's core technology is Transcutaneous Auricular Neurostimulation (tAN), a non-invasive method that stimulates branches of the vagus and trigeminal nerves on and around the ear. This stimulation triggers the brain to release endorphins, the body's natural pain relievers, which helps to alleviate the symptoms of opioid withdrawal. Spark Biomedical's business model centers on the sale of its FDA-cleared devices to healthcare providers, addiction treatment centers, and directly to patients via telehealth partnerships. The company primarily serves individuals suffering from opioid use disorder, providing a drug-free alternative or supplement to traditional medication-assisted treatments.
Spark Biomedical's flagship product is the Sparrow Ascent, the second generation of its Sparrow Therapy System. The original Sparrow system received FDA 510(k) clearance in January 2021 for use in clinical settings. Building on user feedback, the Sparrow Ascent, cleared by the FDA in July 2023, features a longer battery life and an ergonomic design suitable for both in-patient and at-home use. The system includes a patient controller and disposable hydrogel earpieces that deliver mild electrical pulses. A key benefit is its ability to provide relief from withdrawal symptoms like anxiety, nausea, and muscle aches without the side effects of medication, allowing patients to detox more comfortably. The company is also exploring the application of its tAN technology for other conditions, including heavy menstrual bleeding, neonatal opioid withdrawal syndrome (NOWS), and reducing stress for military personnel.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2018
- Headquarters
- Dallas, United States
- Employees
- 28
- Open positions
- None listed
- Dealroom signal
- 30.7/100
- Industry
- Health
- Sub-industry
- Medical Devices
- Sector
- Health Tech & Medtech, Mental Health, Neuromodulation and Neurostimulation, Spinout, Wearable, Addiction, DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GRANT✓Other financing | Oct 2025 | $305K | — | National Institute on Alcohol Abuse and Alcoholism | ↗ |
| SERIES A✓Equity / VC | Apr 2025 | $15M | $81M | Pathway to Cures · WAVE Ventures | ↗ |
Growth signals
Latest recorded traffic for Spark Biomedical is 3.2K monthly website visits, down 54.3% over the last three months. Spark Biomedical's team declined 17.6% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
National Institute on Alcohol Abuse and Alcoholism
Series A2 investors entered at this stage
WAVE Ventures
Pathway to Cures
Other known investors5 additional known investors
The University of Texas at Dallas
Cameron Powell
Community Equity Partners
Small Business Innovation Research
Southwest-Midwest National Pediatric Device Innovation Consortium
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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