SPARQ Systems Inc. announced that it has received CAD 2.75 million in its a round of funding led by new investor The MaRS Cleantech Fund LP, a fund managed by MaRs Discovery District, Investment Arm on October 24, 2013. The round included participation from other new investor MaRS Investment Accelerator Fund, another fund managed by MaRs Discovery District, Investment Arm and Ontario Centres of Excellence, Inc., Investment Arm. As part of the round Murray McCaig, Co-Managing Director of the MaRS Cleantech Fund joined the company's board of directors.

On October 24, 2013, SPARQ Systems Inc. closed the transaction.