Sparta

What Sparta does

Sparta Commodities SA is a Geneva-headquartered SaaS company, founded in 2020 by former commodity traders Miles Moseley and Felipe Elink Schuurman, that provides a real-time market intelligence and analytics platform for the global oil and energy trading industry. The platform aggregates live pricing from 30+ brokerages and data houses (including TPICAP, OB, Marex, Clarksons, and Poten) and delivers it through four modular products: Sparta Curves (live futures, swaps, physical, and freight curves with custom dashboards), Sparta Knowledge (curated news, expert commentary, and PRA-based independent pricing assessments), Sparta Intelligence (predictive analytics including AI-powered trading signals, live arbitrage tracking across 80+ crude grades, blend margin models, and scenario testing), and Sparta Data Marketplace (third-party and proprietary data via API). Coverage spans gasoline, distillates/diesel, jet fuel, naphtha, crude, fuel oil, freight, with LNG and LPG verticals in development. Customers include major energy corporates and trading houses such as Chevron, Trafigura, Phillips 66, Equinor, ENI, PetroChina, Galp, Gunvor, Sahara, and Moevo.

Name

Sparta

Legal name

Sparta Commodities SA

Website

https://spartacommodities.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Sparta is a Geneva-based SaaS company providing real-time commodity market intelligence and predictive analytics to global oil and energy trading desks. Its modular platform aggregates pricing from 30+ brokers into live curves, curated news, and AI-powered arbitrage and blend margin signals.

Ownership category

akta.pro rank

Product category

Commodity Trading Intelligence Software

NAICS

Marketing Research and Public Opinion Polling (541910), Marketing Research and Public Opinion Polling (54191)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSAFAMAJ

Commodity Market Data, Pricing & Benchmark Administrators (Commodity Indices/Assessments)

Financial & Insurance/Financial Exchanges & Market Infrastructure/Commodity Exchanges

Keywords

• Commodity market intelligence
• Real-time pricing data
• Trading analytics platform
• Oil market data
• Predictive trading signals

Headquarters

HQ city

Geneva

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Sparta Curves Subscription: Tiered subscription model for live market data and pricing. Includes real-time futures, swaps, physical, and freight curves with customization features. Enterprise pricing based on value rather than per-seat.
2. Sparta Knowledge Subscription: Subscription tier adding curated news, expert commentary, and real-time trader signals to Curves functionality.
3. Sparta Intelligence Subscription: Premium subscription for predictive analytics, AI-powered signals, forward-looking arb calculations, and scenario testing. Highest tier with full platform access.
4. Data Marketplace Data Feeds: Additional fees for accessing proprietary and third-party datasets through the Sparta Data Marketplace API integration.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Sparta provides a real-time commodity market intelligence platform that aggregates pricing data from 30+ brokerages and data houses to deliver live futures, swaps, physical, and freight curves for oil and related commodity markets. The platform combines live pricing (Sparta Curves), curated market intelligence and expert commentary (Sparta Knowledge), and AI-powered predictive analytics including live arbitrage signals, blend margin models, and scenario testing (Sparta Intelligence), with supplementary data feeds available through the Sparta Data Marketplace API. Customers are enterprise commodity trading desks at oil majors, trading houses, refiners, hedge funds, and shipping firms who use Sparta to replace fragmented spreadsheets with a single live source of truth for trading decisions.

Product overview

Sparta is a modular commodity trading intelligence platform offering a tiered product architecture: Sparta Curves (core live pricing and curves), Sparta Knowledge (adds curated market intelligence and expert calls), and Sparta Intelligence (adds AI-powered predictive signals and forecasting). The platform is complemented by the Sparta Data Marketplace for third-party data integration. Sparta covers multiple commodity markets including gasoline, distillates (diesel/jet), naphtha, crude, LNG, fuel oil, LPG, and freight, with specialized dashboards and market-specific tools. The company was founded in 2020, raised $6M Series A in March 2022 from Singular, and expanded with $17.5M Series A in October 2023 led by FirstMark.

Differentiator

Problem solved

Functional benefit

Brands

• Sparta Curves: Live market view platform providing real-time pricing data from futures, swaps, physical, and freight markets with customisation and collaboration features.
• Sparta Knowledge
• Sparta Intelligence
• Sparta Data Marketplace

Products and services

• Sparta Curves Live market data platform providing real-time swaps, freight, and physical curves with data from 30+ broker sources including TPICAP, OB, Marex, Clarksons, and Poten. Includes advanced charting, custom dashboards, manual overrides, and Excel/API/mobile integration for complete market visibility. Target users are commodity trading desks at oil majors, trading houses, and refiners.
• Sparta Knowledge Market intelligence layer built on Sparta Curves that adds curated headlines, expert calls, PRA data, and real-time trader signals for arbitrages, flows, and cracks. Delivers pricing context and market-moving news with daily/weekly market calls and direct access to Sparta analysts for trading and analyst teams.
• Sparta Intelligence Predictive signals platform for trading desks providing AI-powered trading signals, live arbitrage tracking across 80+ crude grades, real-time blend margin models, scenario testing, and forward-looking market insights. Includes Arbs Radar and Freight Dashboard specialized views for trading and risk teams.
• Sparta Data Marketplace Data feed integration marketplace providing access to thousands of proprietary and third-party datasets. Allows customers to access Sparta's proprietary data sets inside their own systems via API, with adjustable packages for front and back office including risk management integration.
• Gasoline Market Coverage Physical gasoline market information combined with industry-leading live blending and clean freight models, delivering live, forward-looking insight into global trade flows and trends for the gasoline market. For gasoline traders and blenders.
• Distillate Market Coverage Physical distillate market information including forward-looking arbitrage and streamlined freight models, delivering insights into global trade flows and trends for diesel and middle distillates. For distillate traders and marketers.
• Jet Market Coverage Jet fuel market intelligence from NWE jet differentials to Singapore regrates, enabling traders to place or source barrels and trade paper spreads with clarity and conviction. For jet fuel traders and aviation fuel marketers.
• Naphtha Market Coverage Physical naphtha market information with forward-looking arbitrage and clean freight models delivering insights into global market impacts and trends. For naphtha traders and petrochemical feedstock buyers.
• Crude Market Coverage Instant determination of best crude for each refinery type with real-time comparison of GPWs of different grades across regions and anticipation of global trade flows. For crude traders and refinery procurement teams.
• Fuel Oil Market Coverage Proprietary live Fuel Oil Optimiser providing clear, actionable insights into global fuel oil blending economics and how to place or source physical barrels and trade spreads, cracks, EW, Hi5, and visco. For fuel oil traders and bunker fuel marketers.
• Freight Market Coverage Physical freight market information combined with industry-leading forward-looking arbitrage models enabling freight market participants to anticipate global trade flows, position vessels, and trade paper with accuracy across 3,000+ global clean and dirty freight routes. For shippers, charterers, and freight traders.
• LNG Market Coverage LNG-dedicated product providing traders with dedicated Live Curves, Global ARBs and Freight Calculator for LNG market intelligence. For LNG traders and portfolio managers.
• LPG Market Coverage Upcoming LPG product providing LPG traders with dedicated Live Curves, Global ARBs and Freight Calculator for LPG market intelligence. For LPG traders and petrochemical feedstock buyers.

Quantifiable outcome

• 90% less manual work for trading desks
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability5 records

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• S&P Global Energy PlattscoreTechnology or Integration · 28 May 2026Sparta announced integration making S&P Platts benchmarks and market insights accessible inside the Sparta platform. Platts data enhances Sparta's pricing assessments and market intelligence capabilities.
• Nicks srlcoreTechnology or Integration · 5 November 2025Sparta formalized partnership with Nicks srl, led by Nicolò Plaja, to bring diesel and gasoil market intelligence directly into Sparta's suite of products. Nicks srl provides high-signal commentary and forward-looking analysis rooted in real deal flow, enhancing Sparta Curves (live diesel pricing), Sparta Knowledge (strategic insight and market color), and Sparta Intelligence (holistic data and qualitative analysis).
• ESP Monaco EnergycoreTechnology or Integration · 1 November 2025Sparta extended partnership with ESP Monaco Energy (working since February 2023) to fully embed Mediterranean jet fuel market data inside the Sparta platform. ESP Monaco provides proprietary jet fuel data covering pricing, supply, and regional fundamentals across the Mediterranean, enhancing Sparta's refined products intelligence and giving traders clearer real-time visibility into Mediterranean aviation fuel markets.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Others

• Bloomberg Terminal (Bloomberg L.P.):

Broad incumbents

• Wood Mackenzie: Wood Mackenzie provides research, data, and analytics across the global energy value chain including oil trading and freight. It is a broader incumbent serving many of the same enterprise customers Sparta targets, with overlapping coverage of crude, gas, and refined products markets.
• Argus Media: Argus Media publishes independent price assessments, market reports, and analytics across global energy and commodity markets. As an established incumbent in commodity price reporting, it competes with Sparta on benchmarks and intelligence for oil and refined products.
• LSEG (London Stock Exchange Group / Refinitiv): LSEG owns Refinitiv (Eikon/Workspace) and provides commodity market data and analytics to trading desks. It is one of Sparta's named comparison competitors, with broad installed-base advantages in commodity trading workflows.
• S&P Global Commodity Insights (Platts): S&P Global Platts is the dominant benchmark price publisher for oil, gas, and refined products and is both a partner (integrated into Sparta's platform in 2026) and a broader incumbent with overlapping analytics offerings across the same customer base.

Direct peers

• Vortexa: Vortexa provides real-time global energy and freight analytics, including oil flows and shipping data, and is a direct competitor in the freight and crude intelligence segments where Sparta operates. Both companies sell data-rich platforms to commodity trading desks worldwide.
• OilX: OilX provides oil and refined products market intelligence with a focus on real-time supply, demand, and trade flow analytics. It overlaps directly with Sparta's product positioning, particularly in crude and refined products markets, and shares many of the same trading desk customers.
• Kpler: Kpler is a direct competitor providing commodity market intelligence and data analytics across oil, gas, LNG, dry bulk, and metals with comparable broker-data integrations. Like Sparta, Kpler targets trading desks and analysts and is venture-backed, competing head-to-head for similar enterprise customers.

Emerging players

• Energy Aspects: Energy Aspects is an independent research and analytics provider focused on oil, refined products, and freight markets. Its subscription research and analytics offering competes with Sparta's Knowledge and Intelligence products for trading desk budgets.
• JBC Energy: JBC Energy is an independent energy market research and consulting firm covering crude, products, and freight markets. It overlaps with Sparta's Sparta Knowledge and analyst commentary products for institutional commodity clients.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/spartacommo
• LinkedInlinkedin.com/company/sparta-commodities

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sparta