About Sprout
Sprout is a company based in Shrewsbury (United States) founded in 2016 was acquired by Weedmaps in September 2021.. Sprout operates in a competitive market with competitors including Evariant, MatrixCare, Swoop, Doctor.com and PulsePoint, among others.
- Headquarter Shrewsbury, United States
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Sectors
HealthcareTechnology
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Phone
*********
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Website
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Funding Insights of Sprout
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Seed - Sprout | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sprout
Sprout has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Weedmaps and MariMed Advisors. 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 |
|---|---|---|---|---|
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Offers management and consulting services focused on the cannabis sector.
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Online community platform for medical marijuana patients
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Sprout
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sprout
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sprout Comparisons
Competitors of Sprout
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 Evariant, MatrixCare, Swoop, Doctor.com and PulsePoint, 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 |
Provides platform for digital marketing solutions
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Web-based software for long term care, senior living, and assisted living
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AI-based advertising solutions for pharmaceuticals are offered by Swoop.
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| domain | founded_year | HQ Location |
Online visibility and reputation for healthcare providers are optimized.
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Programmatic content marketing platform
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Platform that enables organizations to influence consumer decision making and health-behaviors
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sprout
Frequently Asked Questions about Sprout
When was Sprout founded?
Sprout was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Sprout located?
Sprout is headquartered in Shrewsbury, United States.
What does Sprout do?
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.
Who are the top competitors of Sprout?
Sprout's top competitors include Actium Health, MatrixCare and Swoop.
Who are Sprout's investors?
Sprout has 2 investors. Key investors include Weedmaps, and MariMed Advisors.