FI  Sparta Group

     Office Locations:

c/o Deshpande Foundation
92 Montvale Ave., Suite 2500
Stoneham, MA 02180
Phone: 508-625-0725
Fax: 781-481-9155



  • Early
  • Seed



  • Information Technology
  • Real Estate & Construction



    Sparta Group is the private investment office of Gururaj 'Desh' Deshpande, and oversees the activities for the Deshpande Foundation. Sparta invests in a broad range of assets, including early-stage technology companies, hedge funds, private equity, direct investments, real assets, and public securities. A foundation with international reach, the Deshpande Foundation focuses on development, health, education and other areas. The firm focuses on sustainable, scalable social and economic impact through innovation and entrepreneurship in the United States, Canada, and India. Desh Deshpande is the founder and chairman of Sycamore Networks, and formerly of Cascade Communications. The Deshpande Foundation and a coalition of colleges and non-profit groups recently announced that a planned entrepreneurship center based at the University of Massachusetts Lowell will be called the Merrimack Valley Sandbox (see profile), and that it will be funded with $5 million from the Deshpande Foundation over five years, and an expected $10 million in supplemental funds from outside backers. The Pond-Deshpande Centre for Innovation and Entrepreneurship was launched at the University of New Brunswick, Canada to act as a catalyst to advance innovation and entrepreneurship in the province. 152 ventures have been launched by DDQIC.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    David Parker Advisor
    Desh Deshpande Co-Founder
    Hemang Dave Investor
    Jaishree Deshpande Founder
    Raj Melville Executive Director


    Recent Funding Events (trailing 12 months):







      Stoke Space



      Series B







    Portfolio companies include:


        web link

      Stoke Space
        web link


    Recent News: