Sprout - About the company
Sprout is a series B company based in Manila (Philippines), founded in 2015 by Patrick Gentry and Alexandria Agbayani Gentry. It operates as a Cloud-based platform for HRMS suite. Sprout has raised $18.5M in funding from investors like Kickstart Ventures, Point72 Ventures and Cercano Management. The company has 3659 active competitors, including 246 funded and 237 that have exited. Its top competitors include companies like Razorpay, People Strong and Gusto.
Company Details
Cloud-based platform for HRMS suite. The platform offers tools for managing onboarding, recruitment, payroll, training, employee, performance, and more. It allows users to manage attendance and time. It also enables employee engagement.
- Website
- sprout.ph
Key Metrics
Founded Year
2015
Location
Manila, Philippines
Stage
Series B
Total Funding
$18.5M in 3 rounds
Latest Funding Round
Investors
Ranked
222nd among 3659 active competitors
Investment & Acquisitions
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Sprout's funding and investors
Sprout has raised a total funding of $18.5M over 3 rounds. Its first funding round was on 2017. Its latest funding round was a Series B round on Apr 13, 2023 for $*****. 7 investors participated in its latest round. Sprout has 18 institutional investors.
Here is the list of recent funding rounds of Sprout:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 13, 2023 | 2422532 | Series B | 3685723 | 7130820 | 5324097 | 8563862 |
Oct 14, 2019 | 1963636 | Series A | 9487959 | 2710916 | 1109929 | |
2017 | 3550 | Seed | 3177 | 7563 |
View details of Sprout's funding rounds and investors
Sprout's founders and board of directors
Founder? Claim ProfileThe founders of Sprout are Patrick Gentry and Alexandria Agbayani Gentry.
Here are the details of Sprout's key team members:
- Patrick Gentry: Co-Founder & CEO of Sprout and founder of 1 other company.
- Alexandria Agbayani Gentry: Co-Founder of Sprout.
View details of Sprout's Founder profiles and Board Members
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Sprout's Competitors and alternates
Top competitors of Sprout include Razorpay, People Strong and Gusto. Here is the list of Top 10 competitors of Sprout, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of payment gateway, business banking, payroll, and credit solutions | $742M | 86/100 | ||
2nd | People Strong 2005, Gurugram (India), Acquired | Provider of human capital management platform offering integrated HR solutions | $30.7M | 84/100 | |
3rd | Gusto 2012, San Francisco (United States), Series E | Provider of a cloud-based platform offering payroll, benefits, and HR solutions | $718M | 83/100 | |
4th | Workday 2005, Pleasanton (United States), Public | Cloud-based financial management, EPM, and HR software provider for enterprises | $352M | 81/100 | |
5th | Kronos 1977, Lowell (United States), Acquired | Provider of HCM software solutions for enterprises | $855M | 80/100 | |
6th | Provider of a platform for human resources, payroll, and finance | $574M | 78/100 | ||
7th | Provider of cloud based human resource management system and payroll software. | $47.4M | 78/100 | ||
8th | Online financial services platform for on-demand pay and savings | $41.3M | 77/100 | ||
9th | Provider of business management software for human resources and finance | $300M | 77/100 | ||
10th | Developer of human capital management software providing HR and talent solutions | $30M | 76/100 | ||
222nd | Sprout 2015, Manila (Philippines), Series B | Cloud-based platform for HRMS suite | $18.5M | 42/100 |
Looking for more details on Sprout's competitors? Click here to see the top ones
Sprout's Investments and acquisitions
Sprout has acquired 3 companies including JustPayroll, Linnia and Aiah. Sprout has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jan 12, 2024 | Acquisition | 2013 | Makati (Philippines) | |
Sep 26, 2022 | Acquisition | - | ||
Sep 25, 2022 | Acquisition | 2013 | Makati (Philippines) |
See all acquisitions by Sprout
News related to Sprout
•
Sprout Solutions acquires JustPayroll’s Philippine operationsTechNode•Jan 12, 2024•Sprout, JustPayroll
•
Netbank, an Embedded Finance Platform in Southeast Asia, Partners with Sprout Solutions, a Payroll Software ProviderCrowdfund Insider•Jan 04, 2024•Netbank, Sprout
•
Philippine HR tech firm Sprout inches closer to profits in 2022, revenue grows 39%Tech in Asia•Oct 13, 2023•Sprout
•
Sprout Solutions expands artificial intelligence capabilities via Aiah AI acquisitionTechNode•Jul 19, 2023•Aiah, Sprout
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Philippine Hr Tech Platform Sprout Solutions Raises $10.7 M in Series B RoundEdTechReview•Apr 13, 2023•Sprout, Mynavi, GSR Ventures, AFG and 1 other
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HR and payroll startup Sprout gets $6m injection from NY-based Point72 VenturesTech in Asia•Oct 14, 2019•Sprout, Point72 Ventures, Dymon Asia Capital, Kickstart Ventures and 3 others
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