About Sprout Social
Sprout Social is a company based in Chicago (United States) founded in 2009.. Sprout Social has raised $101.5 million across 6 funding rounds from investors including Goldman Sachs, National Education Association and Future Fund. The company has 1,320 employees as of December 31, 2024. Sprout Social has completed 4 acquisitions, including NewsWhip, Repustate and Simply Measured. Sprout Social offers products and services including Engagement, Publishing, Analytics, Listening, and Influencer Marketing. Sprout Social operates in a competitive market with competitors including Signal AI, CreativeX, StatSocial, Cision and Ticket fly, among others.
- Headquarter Chicago, United States
- Employees 1320 as on 31 Dec, 2024
- Stage Public
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sprout Social, Inc
-
Annual Revenue
$405.91 M21.66as on Dec 31, 2024
-
Net Profit
$-61.97 M6.71as on Dec 31, 2024
-
EBITDA
$-44.22 M22.12as on Dec 31, 2024
-
Total Equity Funding
$101.5 M (USD)
in 6 rounds
-
Latest Funding Round
$40.5 M (USD), Series D
Dec 20, 2018
-
Investors
Goldman Sachs
& 4 more
-
Employee Count
1320
as on Dec 31, 2024
-
Investments & Acquisitions
NewsWhip
& 3 more
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
IPO & Listings of Sprout Social
Sprout Social is a publicly listed company on the NASDAQ with ticker symbol SPT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Sprout Social
Sprout Social offers a comprehensive portfolio of products and services, including Engagement, Publishing, Analytics, Listening, and Influencer Marketing. 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.
Streamlines social interactions and community management for businesses.
Facilitates planning and delivery of social media campaigns.
Drives decision-making with performance data and reports.
Uncovers trends from social conversations for strategic use.
Manages collaborations with influencers to boost reach.
Unlock access to complete
Unlock access to complete
Software Development Team
95 people
Sales and Marketing
41 people
Product Management Team
26 people
Senior Team
25 people
Strategic Team
15 people
Human Resources and Administration
14 people
Leadership Team
12 people
Legal and Compliance
11 people
Unlock access to complete
Funding Insights of Sprout Social
Sprout Social has successfully raised a total of $101.5M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $40.5 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $40.5M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Series D - Sprout Social | Valuation | Future Fund | |
| Feb, 2016 | Amount | Series C - Sprout Social | Valuation | New Enterprise Associates , Goldman Sachs |
|
| Jun, 2014 | Amount | Series B - Sprout Social | Valuation | Lightbank , Nea |
|
| 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 Sprout Social
Sprout Social has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, National Education Association and Future Fund. 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 |
|---|---|---|---|---|
|
Venture capital investments are offered to startups by NEA.
|
Founded Year | Domain | Location | |
|
Investment banking services are delivered across multiple financial sectors.
|
Founded Year | Domain | Location | |
|
Tech focused seed & early stage VC firm investing primarily in the US
|
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 Sprout Social
Sprout Social has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include NewsWhip, Repustate and Simply Measured. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Platform providing solutions for influencer marketing
|
2015 | ||||
|
Social analytics are utilized to discover content and trending topics.
|
2011 | ||||
|
Social media analytics and monitoring tools are provided for marketers.
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Sprout Social
| 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 |
Sprout Social Comparisons
Competitors of Sprout Social
Sprout Social 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 Signal AI, CreativeX, StatSocial, Cision and Ticket fly, 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 |
Media and regulatory updates are monitored via AI platform.
|
|
| domain | founded_year | HQ Location |
Ad creative analytics are delivered via an automated measurement platform.
|
|
| domain | founded_year | HQ Location |
Social media analytics software with audience segmentation is provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based PR platform is provided for business media management.
|
|
| domain | founded_year | HQ Location |
Cloud-based social marketing and event ticketing platform is operated.
|
| 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.
|
Latest news on Sprout Social
Frequently Asked Questions about Sprout Social
When was Sprout Social founded?
Sprout Social was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Sprout Social located?
Sprout Social is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Sprout Social a funded company?
Sprout Social is a funded company, having raised a total of $101.5M across 6 funding rounds to date. The company's 1st funding round was a Series B of $8M, raised on May 13, 2010.
How many employees does Sprout Social have?
As of Dec 31, 2024, the latest employee count at Sprout Social is 1,320.
What is the annual revenue of Sprout Social?
Annual revenue of Sprout Social is $405.91M as on Dec 31, 2024.
What does Sprout Social do?
Sprout Social was established in 2009 in Chicago, United States, within the social media management sector. The platform is employed by brands and agencies of varying sizes to oversee conversations and generate actionable insights. Social media trends are analyzed and monitored through integrated tools. Accounts across multiple networks are managed to support marketing operations.
Who are the top competitors of Sprout Social?
Sprout Social's top competitors include CreativeX, Signal AI and StatSocial.
What products or services does Sprout Social offer?
Sprout Social offers Engagement, Publishing, Analytics, Listening, and Influencer Marketing.
Is Sprout Social publicly traded?
Yes, Sprout Social is publicly traded on NASDAQ under the ticker symbol SPT.
How many acquisitions has Sprout Social made?
Sprout Social has made 4 acquisitions, including NewsWhip, Repustate, and Simply Measured.
Who are Sprout Social's investors?
Sprout Social has 5 investors. Key investors include Goldman Sachs, National Education Association, Future Fund, NEA, and Lightbank.
What is Sprout Social's ticker symbol?
The ticker symbol of Sprout Social is SPT on NASDAQ.