About Sproutt
Sproutt is a company based in Hartford (United States) founded in 2019 by Itai Brickner.. Sproutt has raised $38 million across 2 funding rounds from investors including Harel Group, Raptor Group and Alpha Wave Global. Sproutt has completed 1 acquisition, including The Reder Agency. Sproutt operates in a competitive market with competitors including JennyLife, Mira Financial, LifeQuotes, Mason and AccuQuote, among others.
- Headquarter Hartford, United States
- Founders Itai Brickner
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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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 M (USD)
in 2 rounds
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Latest Funding Round
$26 M (USD), Series B
Sep 14, 2021
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Investors
Harel Group
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Sproutt
Sproutt has successfully raised a total of $38M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $26 million completed in September 2021. 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 2
- Last Round Series B — $26.0M
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First Round
First Round
(15 Jun 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series B - Sproutt | Valuation | MoreTech Ventures | |
| Jun, 2019 | Amount | Series A - Sproutt | Valuation | State of Mind Ventures , Guardian |
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| 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 Sproutt
Sproutt has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Harel Group, Raptor Group and Alpha Wave Global. 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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Investment and strategic support are provided by Raptor Group.
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Founded Year | Domain | Location | |
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Venture capital firm focused on growth-stage companies
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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 Sproutt
Sproutt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include The Reder Agency. 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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Provider of insurance brokerage services for life, disability, and annuity solutions for clients
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2012 |
| 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 - Sproutt
| 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 |
Sproutt Comparisons
Competitors of Sproutt
Sproutt 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 JennyLife, Mira Financial, LifeQuotes, Mason and AccuQuote, 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 |
App-based life insurance comparison platform for individuals
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| domain | founded_year | HQ Location |
Serves as a life insurance aggregator for consumers.
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| domain | founded_year | HQ Location |
Life Insurance comparison platform
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| domain | founded_year | HQ Location |
Disability insurance plans are compared via an online platform.
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| domain | founded_year | HQ Location |
Life insurance quotes are compared via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Sproutt
Frequently Asked Questions about Sproutt
When was Sproutt founded?
Sproutt was founded in 2019.
Where is Sproutt located?
Sproutt is headquartered in Hartford, United States. It is registered at Hartford, Connecticut, United States.
Is Sproutt a funded company?
Sproutt is a funded company, having raised a total of $38M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Jun 15, 2019.
What does Sproutt do?
Sproutt was established in 2019 in Hartford, United States, as an online platform focused on life insurance comparisons for individuals. Services encompass term life, funeral coverage, whole-life policies, and additional options. Partnerships are maintained with insurers such as Zurich, AXA, Sagicor Life, SBLI, and Principal. Operations are conducted digitally to facilitate policy selection and evaluation.
Who are the top competitors of Sproutt?
How many acquisitions has Sproutt made?
Sproutt has made 1 acquisition, including The Reder Agency.
Who are Sproutt's investors?
Sproutt has 7 investors. Key investors include Harel Group, Raptor Group, Alpha Wave Global, MoreTech Ventures, and State of Mind Ventures.