About Modern Sprout
Modern Sprout is a company based in Chicago (United States) founded in 2013 by Sarah Burrows and Nicholas Behr.. Modern Sprout offers products and services including Grow Lights, Grow Kits, Plant Care Accessories, and Live Plants. Modern Sprout operates in a competitive market with competitors including AquaSprouts, Greenway Biotech, Greenstreet Growers, Earth Science and MM Nurseries, among others.
- Headquarter Chicago, United States
- Founders Sarah Burrows, Nicholas Behr
-
Sectors
Agriculture
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$5 M (USD), Debt – Conventional
Feb 28, 2024
- Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Modern Sprout
Modern Sprout offers a comprehensive portfolio of products and services, including Grow Lights, Grow Kits, Plant Care Accessories, and Live Plants. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides artificial light for indoor plant growth and care.
Complete sets for starting and maintaining indoor gardens.
Tools for simplifying plant maintenance and health.
Ready-to-grow plants for home and decorative use.
Funding Insights of Modern Sprout
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $5.0M
-
First Round
First Round
(28 Feb 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Debt – Conventional - Modern Sprout | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Modern Sprout
Modern Sprout has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Republic Business Credit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
SME loans are provided to small and medium enterprises.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Modern Sprout
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Modern Sprout
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modern Sprout Comparisons
Competitors of Modern Sprout
Modern Sprout operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AquaSprouts, Greenway Biotech, Greenstreet Growers, Earth Science and MM Nurseries, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Carbon and alloy steel products are imported, traded, and supplied.
|
|
| domain | founded_year | HQ Location |
Operates an online marketplace for specialty fertilizers and hydroponic nutrients.
|
|
| domain | founded_year | HQ Location |
Online platform offering wholesale flowering plants.
|
|
| domain | founded_year | HQ Location |
Provider of garden supplies
|
|
| domain | founded_year | HQ Location |
An online retailer offering a variety of garden inputs and produce for customers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Modern Sprout
When was Modern Sprout founded?
Modern Sprout was founded in 2013 and raised its 1st funding round 11 years after it was founded.
Where is Modern Sprout located?
Modern Sprout is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
What does Modern Sprout do?
Modern Sprout was established in 2013 in Chicago, Illinois, United States, by co-founders Sarah Burrows and Nicholas Behr. Indoor gardening products, such as hydroponic kits and grow lights, are offered through this design shop. Operations focus on supporting urban home cultivation with sustainable solutions. The company serves the consumer goods sector, emphasizing practical tools for indoor plant growth in limited spaces.
Who are the top competitors of Modern Sprout?
Modern Sprout's top competitors include AquaSprouts, Earth Science and Greenway Biotech.
What products or services does Modern Sprout offer?
Modern Sprout offers Grow Lights, Grow Kits, Plant Care Accessories, and Live Plants.
Who are Modern Sprout's investors?
Modern Sprout has 1 investor. Key investors include Republic Business Credit.