About Sprout.ai
Sprout.ai is a company based in London (United Kingdom) founded in 2018 by Niels Thone.. 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 as of December 31, 2024. Sprout.ai operates in a competitive market with competitors including EasySend, Vitesse, ClaimLogiq, omni:us and WeGoLook, among others.
- Headquarter London, United Kingdom
- Employees 24 as on 31 Dec, 2024
- Founders Niels Thone
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Sprout.Ai Limited
- Date of Incorporation 08 Mar, 2018
- Jurisdiction SWANSEA, WALES
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$38.29 M (USD)
in 5 rounds
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Latest Funding Round
$6.55 M (USD), Series A
Oct 31, 2023
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Investors
Techstars
& 9 more
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Employee Count
24
as on Dec 31, 2024
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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 Total Funding
- Total Rounds 5
- Last Round Series A — $6.6M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series A - Sprout.ai | Valuation | Amadeus Capital , Praetura Ventures | |
| Jul, 2023 | Amount | Series A - Sprout.ai | Valuation |
investors |
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| May, 2021 | Amount | Series A - Sprout.ai | Valuation | Octopus 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.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. 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 deep technology investments are made by Amadeus Capital.
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Founded Year | Domain | Location | |
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Venture capital funding is provided by Praetura Ventures.
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Founded Year | Domain | Location | |
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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.ai
| 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.ai
| 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.Ai Comparisons
Competitors of Sprout.ai
Sprout.ai 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 EasySend, Vitesse, ClaimLogiq, omni:us and WeGoLook, 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 |
Document management solutions for insurance, banking, and other industry
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| domain | founded_year | HQ Location |
Treasury and payment solutions are provided for the insurance industry.
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| domain | founded_year | HQ Location |
Insurance claims management software is provided for review and validation.
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| domain | founded_year | HQ Location |
AI-based claims management solutions are offered for insurance.
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| domain | founded_year | HQ Location |
Inspection and claims processing solutions are offered for insurance firms.
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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.Ai
Frequently Asked Questions about Sprout.ai
When was Sprout.ai founded?
Sprout.ai was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Sprout.ai located?
Sprout.ai is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Sprout.ai?
Roi Amir is the current CEO of Sprout.ai.
Is Sprout.ai a funded company?
Sprout.ai is a funded company, having raised a total of $38.29M across 5 funding rounds to date. The company's 1st funding round was a Series A of $11.1M, raised on Jun 01, 2019.
How many employees does Sprout.ai have?
As of Dec 31, 2024, the latest employee count at Sprout.ai is 24.
What does Sprout.ai do?
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.
Who are the top competitors of Sprout.ai?
Who are Sprout.ai's investors?
Sprout.ai has 10 investors. Key investors include Techstars, Amadeus Capital Partners, Praetura Ventures, Capricorn Capital Partners, and Forefront Venture Partners.
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