About Sprout
Sprout is a Healthcare company based in Shrewsbury (United States) founded in 2016, and was acquired by Weedmaps in September 2021. It operates as a medicinal cannabis marketing platform. It operates in the Healthcare and Technology sectors. Its focus areas include Enterprise Applications, MarketingTech, Industry Specific Marketing and Sales Force Automation. Its competitors include Evariant, MatrixCare, Swoop, Doctor.com and PulsePoint and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
Sprout was founded in 2016 and is based in Shrewsbury, United States. Operations focus on the medicinal cannabis sector through a full-stack marketing platform that includes an integrated CRM. Customer segmentation, content management, list management, social media management, email marketing, and SMS marketing are supported. Clients served include Natures Medicine, Thrive, Western Bud, and additional businesses in the industry.
- Headquarters Shrewsbury, United States
- Stage Acquired
- SectorsHealthcareTechnology
- Website sprout.online
- Acquired by Weedmaps (Sep 2021)
Funding Insights of Sprout
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Sprout with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2018 | – | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Sprout
Sprout has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Weedmaps and MariMed Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers management and consulting services focused on the cannabis sector. | 2014 | marimedadvisors.com | Norwood, United States | |
Online community platform for medical marijuana patients | 2008 | weedmaps.com | Orange, United States |
Investor details for Sprout
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Timeline of Sprout
3 dated milestones of Sprout across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Sprout is founded.
- Funding First funding round.
- Exit Acquired by Weedmaps.
Competitors of Sprout
Sprout has 7 listed competitors in our database, 5 of them funded. They include Evariant, MatrixCare, Swoop, Doctor.com and PulsePoint, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| evariant.com | 2008 | Farmington, United States | $98.83M | 163 | Provides platform for digital marketing solutions | |
| matrixcare.com | 1982 | Bloomington, United States | – | 448 | Web-based software for long term care, senior living, and assisted living | |
| swoop.com | 2011 | Cambridge, United States | $16.4M | 2 | AI-based advertising solutions for pharmaceuticals are offered by Swoop. | |
| doctor.com | 2012 | New York, United States | $19.41M | – | Online visibility and reputation for healthcare providers are optimized. | |
| pulsepoint.com | 2007 | New York, United States | $36.49M | 120 | Programmatic content marketing platform | |
| influencehealth.com | 1996 | Birmingham, United States | – | 499 | Platform that enables organizations to influence consumer decision making and health-behaviors | |
| actiumhealth.com | 2014 | Palo Alto, United States | $35M | – | AI-powered marketing solutions are delivered for healthcare providers. |
Detailed competitors of Sprout
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Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as Sprout (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | – | 1,832 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | 992 | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | 2,470 | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about Sprout
Complete news archive for Sprout
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Frequently Asked Questions about Sprout
Sprout was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Sprout is headquartered in Shrewsbury, United States.
Sprout was founded in 2016 and is based in Shrewsbury, United States. Operations focus on the medicinal cannabis sector through a full-stack marketing platform that includes an integrated CRM. Customer segmentation, content management, list management, social media management, email marketing, and SMS marketing are supported. Clients served include Natures Medicine, Thrive, Western Bud, and additional businesses in the industry.
Sprout's top competitors include Actium Health, MatrixCare and Swoop.
Sprout has 2 investors. Key investors include Weedmaps, and MariMed Advisors.
Yes. Sprout was acquired by Weedmaps in September 2021.