Organization · Search Fund
Spica Capital
Spica Capital is a search fund based in the United States that focuses on acquiring and operating a single business for the long term. The firm is led by entrepreneur Ada Shelegova and aims to preserve the legacy of business founders while ensuring continuity for employees and customers.
Overview
What Spica Capital does
What Spica Capital is
Spica Capital is a search fund based in the United States that focuses on acquiring and operating a single business for the long term. The firm is led by entrepreneur Ada Shelegova and aims to preserve the legacy of business founders while ensuring continuity for employees and customers.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Search Fund
- Structured capabilities
- Funder
- Last reviewed
- March 3, 2026
Official channels
Find Spica Capital elsewhere
Open the official website or a supported primary organization account.
Capability profile
Spica Capital as a funder
Investment thesis
Spica Capital invests in B2B services, professional services, tech-enabled services, and software. They seek profitable businesses with a stable operating history and a loyal customer base, focusing on those with significant market potential.
Focus narrative
Spica Capital primarily invests in B2B services, professional services, tech-enabled services, and software. They seek businesses that are mission-critical, have a large and growing serviceable market, and possess a loyal and diverse customer base. The organization prefers companies that have been profitable with a stable operating history of at least five years.
Terms and economics
- Typical check
- $1,500,000–$2,500,000
Focus and fit
- Stages
- Friends and Family · Angel · Seed · Seed+ · Series A · Series B · Series C · Growth Equity
- Sectors
- SaaS & Cloud Software
- Regions
- United States
Availability
- Currently deploying
- Not published
Common questions
What to know about Spica Capital
Upseed classifies Spica Capital under the Search Fund organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 3, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.