About Sprout.ai
Sprout.ai is a Financial Services company based in London (United Kingdom) founded in 2018 by Niels Thone. AI-based software suite for personal and commercial insurers. Sprout.ai has raised $38.29 million across 5 funding rounds from investors including Techstars, Amadeus Capital Partners and Praetura Ventures. The company has 24 employees. Its chief executive, as recorded, is Roi Amir. Its website sprout.ai draws about 31 thousand monthly visits. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Claims Processing. Its legal entity is SPROUT.AI LIMITED. Its competitors include Vitesse and 360Globalnet; 2 of its 2 listed competitors have raised funding.
Company details
Sprout.ai was founded in 2018 in London, United Kingdom. An AI-based software suite is developed for personal and commercial insurers within the insurtech sector. Claims automation and fraud detection are supported, along with solutions for image analysis, audio analysis, document management, and behavior analysis. Operations focus on enhancing insurance processes through these technologies.
- Total Equity Funding$38.29M (USD)
in 5 rounds
- Latest Funding Round$6.55M (USD), Series A
Oct 2023
- InvestorsTechstars
& 9 more
- Employee Count24
Funding Insights of Sprout.ai
Sprout.ai has successfully raised a total of $38.29M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $6.55 million completed in October 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 $38.29M
- Total Rounds 5
- Last Round Series A — $6.55M
- Investors Count 10
All 5 funding rounds of Sprout.ai 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 |
|---|---|---|---|---|---|
| Oct 2023 | $6.55M | Series A | – | Amadeus Capital, Praetura Ventures | |
| Jul 2023 | $18.13M | Series A | – | – | |
| May 2021 | $11.1M | Series A | – | Octopus Ventures | |
| Apr 2020 | $2.5M | Seed | – | Amadeus Capital | |
| Jun 2019 | Seed | – | Amadeus Capital | – |
10 investors in total: 10 institutional.
Investors in Sprout.ai
Sprout.ai has secured backing from 10 investors, including venture fund investors. Prominent investors backing the company include Techstars, Amadeus Capital Partners and Praetura Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage deep technology investments are made by Amadeus Capital. | amadeuscapital.com | London, United Kingdom | ||
Venture capital funding is provided by Praetura Ventures. | praeturaventures.com | Manchester, United Kingdom | ||
| capricorncap.com | ||||
Seed and early-stage investments are targeted by the VC firm. | forefrontvp.com | Boca Raton, United States | ||
| verstraventures.com | ||||
Early-stage tech startups are invested in by this angel network. | portfolio.ventures | London, United Kingdom | ||
A venture capital firm focused on pre-seed investments in Europe. | 2013 | playfair.vc | London, United Kingdom | |
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Venture capital investment and support for founders in technology and health sectors. | octopusventures.com | |||
Lobby Capital is engaged in funding innovative tech startups. | lobby.vc | Palo Alto, United States |
Investor details for Sprout.ai
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People of Sprout.ai
10 people are tracked at Sprout.ai (6 in leadership, 1 in board & advisors, 3 in team); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
Niels Thone | Co-Founder & Chief Growth Officer | Leadership |
Roi Amir | CEO | Leadership |
Lizzie Chisholm | Head of Staff | Leadership |
Patrick Murray | Chief Financial Officer | Leadership |
Tom Batstone | Head of People | Leadership |
Vishal Madaan | Head of Customer Engagement | Leadership |
Amelia Armour | Board Director | Board & advisors |
Steve Jay | Senior Product Manager | Team |
Niclas Stoltenberg | Technical Advisor | Team |
Tanvi Shah | Financial Controller | Team |
Complete people profiles for Sprout.ai
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Timeline of Sprout.ai
3 dated milestones of Sprout.ai across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Sprout.ai is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $6.6M.
Competitors of Sprout.ai
Sprout.ai has 2 listed competitors in our database, 2 of them funded. They include Vitesse and 360Globalnet.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vitesse.io | 2014 | London, United Kingdom | $127.62M | 136 | Treasury and payment solutions are provided for the insurance industry. | |
| 360globalnet.com | 2010 | Whyteleafe, United Kingdom | $2.84M | 78 | Cloud-based claim management software is offered for the insurance sector. |
Detailed competitors of Sprout.ai
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Web traffic of Sprout.ai
The website of Sprout.ai (sprout.ai) receives about 31.2K visits a month.
- Monthly visits31.2K
▲ 27.1% vs previous month
Websites whose visitors overlap most with Sprout.ai. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sprouts.ai | sprouts.ai | 100% | #452,228 | – | |
| riskonnect.com | 76% | 76.1K | #515,856 | View details | |
| coversure.in | 65% | 27.9K | #1,314,446 | View details | |
| zesty.ai | 62% | 14.1K | #1,676,941 | View details | |
| gicouncil.in | 60% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Sprout.ai
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Related news about Sprout.Ai
Complete news archive for Sprout.ai
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Frequently Asked Questions about Sprout.ai
Sprout.ai was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Sprout.ai is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Roi Amir is the CEO of Sprout.ai, as recorded in our data.
Sprout.ai is a funded company, having raised a total of $38.29M across 5 funding rounds to date.
Sprout.ai has 24 employees.
Sprout.ai was founded in 2018 in London, United Kingdom. An AI-based software suite is developed for personal and commercial insurers within the insurtech sector. Claims automation and fraud detection are supported, along with solutions for image analysis, audio analysis, document management, and behavior analysis. Operations focus on enhancing insurance processes through these technologies.
Sprout.ai's top competitors include Vitesse and 360Globalnet.
Sprout.ai has 10 investors. Key investors include Techstars, Amadeus Capital Partners, Praetura Ventures, Capricorn Capital Partners, and Forefront Venture Partners.
Sprout.ai operates through Sprout.Ai Limited.