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Spark Biomedical

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Home (SPARK) » Spark Biomedical

Dallas, United StatesFounded 2018Health Tech & Medtech
Valuation $50–100M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Spark Biomedical and the history behind them.

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 data

At 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

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
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 ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Spark Biomedical website traffic

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.

Latest monthly visits3.2K 3-month web change-54.3% 1-year team growth-17.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

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
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Spark Biomedical on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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