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Omidyar Network spins out $100M Spero fund



Spero, which means “hope” in Latin, will make Series A and Series B tech investments, focused on health, wellness and food; the future of work; and human relationships and connection.

The fund is being spun out of the Omidyar Network; eBay founder Pierre Omidyar is the new Spero’s sole investor. “We are optimistic about the role of technology in building a better world, and mission-driven entrepreneurs give us hope for the future,” Spero’s founding partner Shripriya Mahesh wrote in a blog post. “We [also] believe some fundamental things are likely to stay the same: we will care about our health and the environment we live in; we will seek fulfillment in our work and our sense of purpose; we will value relationships with friends, family and community.”

Fifteen companies, including Jopwell, which helps candidates from underrepresented backgrounds land jobs, and food tech startup SafeTraces, are rolling over to the Spero portfolio.

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