Sprout.ai - About the company
Sprout.ai is a series A company based in London (United Kingdom), founded in 2018 by Niels Thone and Raphael Guth. It operates as an AI-based software suite for personal and commercial insurers. Sprout.ai has raised $38.3M in funding from investors like Amadeus Capital, Octopus Ventures and Praetura Ventures, with a current valuation of £*****. The company has 157 active competitors, including 32 funded and 12 that have exited. Its top competitors include companies like Hi.health, Vitesse and Ontellus.
Company Details
AI-based software suite for personal and commercial insurers. It provides software for claims automation and fraud detection. It also provides solutions for image analysis, audio analysis, document management, behaviour analysis, and more.
- Website
- sprout.ai
Key Metrics
Founded Year
2018
Location
London, United Kingdom
Stage
Series A
Total Funding
$38.3M in 5 rounds
Latest Funding Round
Post Money Valuation
£***** as on Feb 23, 2021
Investors
Ranked
2nd among 157 active competitors
Employee Count
54 as on Apr 30, 2026
Legal entities associated with Sprout.ai
Sprout.ai is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Sprout.ai Limited CIN: 11242135 , United Kingdom, Active | - | 24 (As on Dec 31, 2024) |
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Sprout.ai's funding and investors
Sprout.ai has raised a total funding of $38.3M over 5 rounds. Its first funding round was on 2019. Its latest funding round was a Series A round on Oct 31, 2023 for $*****. 9 investors participated in its latest round. Sprout.ai has 13 institutional investors and 21 angel investors.
Here is the list of recent funding rounds of Sprout.ai:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 31, 2023 | 4093941 | Series A | 7584321 | 3412911 | 4174022 | 1430271 |
Jul 17, 2023 | 2951616 | Series A | 1661238 | 3615851 | 6542367 | |
May 05, 2021 | 5183117 | Series A | 6471779 | 9613648 |
View details of Sprout.ai's funding rounds and investors
Sprout.ai's founders and board of directors
Founder? Claim ProfileHere are the details of Sprout.ai's key team members:
- Niels Thone: Co-Founder & Chief Growth Officer of Sprout.ai.
- Raphael Guth: Former Co-Founder of Sprout.ai.
- Roi Amir: CEO of Sprout.ai.
View details of Sprout.ai's Founder profiles and Board Members
Sprout.ai's employee count trend
Sprout.ai has 54 employees as of Apr 26. Here is Sprout.ai's employee count trend over the years:
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Sprout.ai's Competitors and alternates
Top competitors of Sprout.ai include Hi.health, Vitesse and Ontellus. Here is the list of Top 10 competitors of Sprout.ai, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital payment cards and payment solutions for insurance. | $1M | 64/100 | ||
2nd | Sprout.ai 2018, London (United Kingdom), Series A | AI-based software suite for personal and commercial insurers | $38.3M | 62/100 | |
3rd | Vitesse 2014, London (United Kingdom), Series C | Provider of treasury and payment solutions for the insurance industry | $128M | 61/100 | |
4th | Ontellus 1975, Houston (United States), Acquired | Provider of records retrieval services for insurance claims and litigation. It offers services to insurance companies, law firms, and custodians. The company facilitates the secure retrieval and delivery of medical, social media, and other relevant records. Its services include record organization, analysis, and summary tools to streamline the claims and litigation processes. A secure online portal is provided for efficient record access and management. | - | 57/100 | |
5th | Anansi Technology 2018, London (United Kingdom), Seed | Online point of sale insurance platform for e-commerce businesses | $2.05M | 55/100 | |
6th | Provider of AI-native third-party administration for commercial property and casualty claims | $9M | 54/100 | ||
7th | Document management solutions for insurance, banking, and other industry | $66.5M | 51/100 | ||
8th | Noridian 1966, Fargo (United States), Unfunded | Provider of claims management solutions for commercial and government health care payers | - | - | 50/100 |
9th | WeGoLook 2009, Oklahoma City (United States), Acquired | Claim processing and inspection solutions | $3.35M | 49/100 | |
10th | Provider of AI solutions for insurance claims processing and automation | $52.7M | 47/100 |
Looking for more details on Sprout.ai's competitors? Click here to see the top ones
Sprout.ai's Investments and acquisitions
Sprout.ai has made no investments or acquisitions yet.
News related to Sprout.ai
Media has covered Sprout.ai for a total of 4 events in the last 1 year, 2 of them have been about partnerships and 1 about company updates.
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Sprout AI and TheraCann Initiate Wind-Down Amid Financing Failuresigrownews.com•Apr 06, 2026•Beyond Farming, Sprout.ai
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Sprouty Secures $550K To Grow AI-Powered Parenting Support AppStartup Rise EU•Dec 10, 2025•Altair Capital, Sprout.ai, Sprouty
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MetLife & Sprout.ai Partner for Claims Automation in US, Asia & LATAMGlobal Fintech Series•Jun 25, 2025•MetLife, Sprout.ai
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Sprout.ai Closes the Manual Gaps in Claim Processes With New Product LaunchThe Fintech Times•Jan 18, 2024•Sprout.ai
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Insurtech Sprout.ai shoots for international growth with £5.4m raiseUKTN•Oct 31, 2023•Sprout.ai, Amadeus Capital, Praetura Ventures, Tenzo and 8 others
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