Sparta raises USD 42 million to expand AI-powered commodity trading

Geneva-based Sparta has secured USD 42 million in Series B funding, reinforcing its role as a market leader in AI-driven commodity trading intelligence.

Sparta, a Geneva-based provider of real-time intelligence for commodity traders, has secured USD 42 million in Series B funding, marking a significant step in its evolution from a data provider to an AI-powered trading platform. The investment, led by One Peak, with continued support from Singular and FirstMark, will drive expansion beyond oil and gas and enhance AI-driven trading intelligence.

Founded by former traders Felipe Elink Schuurman and Miles Moseley, Sparta was built to address inefficiencies in commodity trading. For years, traders relied on fragmented data and manual processes, but the industry now demands real-time insights and AI-driven analytics. With automated global trading workflows, Sparta enables traders, analysts, and risk managers to optimize price forecasting, detect market patterns, and streamline decision-making.

CEO Felipe Elink Schuurman emphasized the shift in market dynamics: “Today’s team-based incentives demand tools that turn isolated insights into collective alpha. To maximize profits, traders need live, granular, customizable data. They also need an AI-powered operating system to analyze, visualize, collaborate, and ultimately help them build conviction.”

Redefining commodity trading

The investment will allow Sparta to expand into new commodities beyond oil and gas, further strengthening its AI-driven capabilities. By leveraging machine learning and predictive analytics, the company aims to identify key market signals, improve price and volume forecasting, and enhance trading collaboration.

David Klein, Co-founder and Managing Partner at One Peak, highlighted Sparta’s potential: “We are thrilled to support Sparta in revolutionizing 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.”