Bregal Sagemount Announces Strategic Growth Investment in Spark Membership

Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, today announced a strategic investment in Spark Membership (“Spark” or the “Company”), a category-leading platform that provides vertically integrated membership management software and embedded payments solutions purpose-built for martial arts studios. Terms of the transaction were not disclosed.

Founded in 2017 and headquartered in Tampa, Florida, Spark offers a unified software and payments solution to help owner-operated martial arts studios streamline operations, grow revenue, and enhance member engagement. The Company serves over 2,000 customers internationally and processes over $750 million in annual payments through its fully integrated platform, which includes core business management software, proprietary payments infrastructure (“Spark Payments”), and managed marketing services (“Ignite”).

“We strongly believe that Sagemount is the right partner for the next chapter of Spark,” said Grandmaster Cheong Park (“GMP”) and Ron Sell, Co-Founders of Spark. “Their experience in scaling founder-led software businesses and shared belief in building with authenticity made this an easy decision for us, and we’re incredibly excited to continue delivering for our community alongside our new partners.”

As part of this investment, Gene, Gurmaan, and Ershad Jamil, the previous Chief Growth Officer of ServiceTitan, will join Spark’s board of directors. 

Goodwin Procter LLP served as legal counsel to Sagemount. Raymond James acted as the exclusive financial advisor to Spark.

About Bregal Sagemount:

Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion of cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 70 companies in a variety of sectors, including software, information / data services, financial technology & financial services, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Palo Alto, and Dallas. For more information, visit the Sagemount website: www.sagemount.com or follow us on LinkedIn.

About Spark Membership:

Spark Membership is a leading software and payments platform built specifically for martial arts studios. The Company’s end-to-end solution includes membership management software, fully integrated payment processing, and managed marketing services through its Ignite division. Spark Membership serves ~2,000 customers and powers over $750 million in payments annually internationally. For more information, visit www.sparkmembership.com

Disclosure: Endorsements presented herein are made by current or former portfolio company executives, over which Bregal Sagemount may have the ability to exercise discretion on employee compensation, promotion and other employment decisions and may also be investors in Bregal funds.

Contact:

Bregal Sagemount
Siqi Wu
Marketing and Communications Manager
siqi.wu@bregal.com