About Sprout Solutions
Sprout Solutions is a company based in Manila (Philippines) founded in 2015 by Alexandria Gentry. It operates as a SaaS (Software-as-a-Service), and Managed Services. Sprout Solutions has raised $18.55 million across 3 funding rounds from investors including Wavemaker Partners, Cercano Management and GSR Ventures. Sprout Solutions has completed 3 acquisitions, including Aiah, JustPayroll and Linnia. Sprout Solutions offers products and services including Core HR Information System, Payroll Management System, AI-Powered Performance Management, and Total Wellness Platform. Sprout Solutions operates in a competitive market with competitors including Workday, Gusto, Kronos, SuccessFactors and Justworks, among others.
- Headquarter Manila, Philippines
- Founders Alexandria Gentry
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Sprout Solutions Phil., Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.55 M (USD)
in 3 rounds
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Latest Funding Round
$10.95 M (USD), Series B
Apr 13, 2023
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Investors
Wavemaker Partners
& 13 more
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Employee Count
Employee Count
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Investments & Acquisitions
Aiah
& 2 more
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Products & Services of Sprout Solutions
Sprout Solutions offers a comprehensive portfolio of products and services, including Core HR Information System, Payroll Management System, AI-Powered Performance Management, and Total Wellness Platform. 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.
HR processes are automated for efficient administrative management.
Payroll accuracy is achieved through automated management solutions.
Performance reviews are aligned with goal-setting and engagement.
Employee well-being is supported through comprehensive wellness solutions.
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Product Management Team
15 people
Software Development Team
14 people
Human Resources and Administration
5 people
Finance and Accounting
5 people
Sales and Marketing
5 people
Leadership Team
3 people
Data Analysis and Operations Team
3 people
Operations Team
2 people
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Funding Insights of Sprout Solutions
Sprout Solutions has successfully raised a total of $18.55M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.95 million completed in April 2023. 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 3
- Last Round Series B — $10.9M
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First Round
First Round
(01 Jun 2017)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - Sprout Solutions | Valuation | Cercano Management | |
| Oct, 2019 | Amount | Series A - Sprout Solutions | Valuation | Point72 Ventures | |
| Jun, 2017 | Amount | Seed - Sprout Solutions | Valuation | Kickstart Ventures |
| 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 Solutions
Sprout Solutions has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Wavemaker Partners, Cercano Management and GSR Ventures. 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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Early-stage tech startups are invested in by GSR Ventures.
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Founded Year | Domain | Location | |
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Fintech startups are funded by AFG, a venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on financial services and digital healthcare
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sprout Solutions
Sprout Solutions has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Aiah, JustPayroll and Linnia. 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 |
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Intelligent robotics process automation software
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2013 | ||||
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Payroll management software is provided for business operations.
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2013 | ||||
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Cloud-based robotic process automation software is provided for business workflows.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sprout Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Solutions Comparisons
Competitors of Sprout Solutions
Sprout Solutions 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 Workday, Gusto, Kronos, SuccessFactors and Justworks, 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 |
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| domain | founded_year | HQ Location |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is delivered globally.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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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 Solutions
Frequently Asked Questions about Sprout Solutions
When was Sprout Solutions founded?
Sprout Solutions was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Sprout Solutions located?
Sprout Solutions is headquartered in Manila, Philippines.
Is Sprout Solutions a funded company?
Sprout Solutions is a funded company, having raised a total of $18.55M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Jun 01, 2017.
What does Sprout Solutions do?
Sprout Solutions is recognized as a leading B2B SaaS provider in the Philippines, where AI-enhanced HR and business solutions are developed to support organizational growth. Comprehensive tools for core HR, payroll management, talent acquisition, and employee engagement are offered across sectors like manufacturing, BPO, financial services, retail, healthcare, and construction. Processes are streamlined, compliance is ensured, and employee well-being is prioritized through innovative platforms.
Who are the top competitors of Sprout Solutions?
Sprout Solutions's top competitors include Workday, Gusto and SuccessFactors.
What products or services does Sprout Solutions offer?
Sprout Solutions offers Core HR Information System, Payroll Management System, AI-Powered Performance Management, and Total Wellness Platform.
How many acquisitions has Sprout Solutions made?
Sprout Solutions has made 3 acquisitions, including Aiah, JustPayroll, and Linnia.
Who are Sprout Solutions's investors?
Sprout Solutions has 14 investors. Key investors include Wavemaker Partners, Cercano Management, GSR Ventures, AFG VC, and Integra Partners.