Tech-enabled Field Marketing Organization (FMO) for Medicare Advantage agents and agency owners

Headquarters

New York, NY

Investment Year

2024

Founders

James Jiang, Alex Zhang, Byron Edwards

About

Spark is a tech-enabled FMO offering a modern alternative to roll-ups by offering agents and agencies a full suite of technology and services to better manage a broker’s book of business.

Investment Thesis

The largest legacy FMOs achieved scale primarily through M&A; Spark is building an alternative path, scaling organically with materially better unit economics. In two years, Spark has tripled broker count and grown annual enrollments 5x to over 250,000. As Spark scales, the flywheel reinforces itself: more distribution funds better broker economics and tools, which recruits more brokers.

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