Next Sparc Growth Partners

Next Sparc Growth Partners is a growth equity firm that collaborates with ambitious founders to propel their businesses to the next stage of development. The firm focuses on long-term, sustainable growth rather than short-term exit strategies, operating with a founder-friendly and family-backed approach. They seek to make a significant impact on their partner companies by providing mentorship and operational expertise, treating each investment as their own. Next Sparc targets businesses with revenues typically ranging from $1 million to $75 million and EBITDA between $1 million and $15 million, often seeking operating control but also considering minority investments in founder and family-owned businesses.

The firm was founded in 2009 by Len Pagon, who, after two decades of building and successfully selling his own technology consulting firm, Brulant, sought to apply his operational experience to help other entrepreneurs. Pagon's vision for Next Sparc was to create a firm built by founders, for founders, offering a more human approach to business building. This background as operators allows the team to deeply understand the challenges and opportunities faced by the companies they partner with, emphasizing a collaborative and supportive relationship.

Next Sparc Growth Partners invests across a diverse range of high-growth industries, including Business Services, Consumer, Health & Wellness, Industrials, Professional Services, and Technology. Their portfolio showcases a variety of notable investments such as Function Health, Revel Bikes (an award-winning mountain bike brand), Way Interglobal, Robots & Pencils, ApplyBoard (an EdTech company), Tiger Pistol (a social automation company), and Zilker Technology. Recent transactions also include investments in Vitalia, Redwood Apartment Neighborhoods, Terrapin Ridge Farms, 4 Air, and Coms Interactive.

The team at Next Sparc is composed of experienced business builders who prioritize people and champion progress. Key team members include Len Pagon Jr. (Chairman & CEO), Miles Molyneaux (CFO & Partner), Nathan Carmon (Operating Partner), and James Carey (Partner). The firm's core values emphasize putting people first, championing progress, embracing a growth mindset, and fostering an adventurous spirit, both professionally and personally. They leverage their collective operating experience and a repeatable playbook to help companies scale across critical functions like sales, marketing, product development, and human capital.