Total raised
$38.0M
Last: Series B 2021-09
Stage
Series B
Founded
2018
Headcount
26
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech
About
Sproutt Insurance offers a platform that leverages predictive understanding of the customers lifestyle, health, activities, and interests, resulting in a more accurate and relevant user experience. Sproutt also seeks to optimize customer engagement by offering personalized information, offers, and services that match the users lifestyle and needs.
Funding history · 2 rounds · $38.0M total
2021-09
Series B
$26.0M
2019-12
Series A
$12.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is the current operational status of Sproutt Insurance?
- Sproutt Insurance is currently inactive, having ceased operations in June 2024.
- When was Sproutt Insurance founded?
- Sproutt Insurance was founded in January 2018.
- What was the total amount of funding raised by Sproutt Insurance?
- Sproutt Insurance raised a total of $38,000,000 across its funding rounds. For a full financing history, please refer to startupim.
- When did Sproutt Insurance complete its Series A funding round and who were the lead investors?
- Sproutt Insurance completed its Series A funding round in December 2019, raising $12,000,000. Key investors included Moneta VC and Guardian Life.
- When did Sproutt Insurance complete its Series B funding round and who were the lead investors?
- Sproutt Insurance completed its Series B funding round in September 2021, raising $26,000,000. The lead investor was MoreTech Ventures.
- What product did Sproutt Insurance launch in June 2022?
- In June 2022, Sproutt Insurance launched 'SmartLife for Agents' to provide agents with predictive life insurance sales capabilities.
- What was the reported financial situation of Sproutt Insurance in May 2024?
- According to news reports in May 2024, Sproutt Insurance was heading for bankruptcy, with a valuation decline from $200 million to insolvency.
- How many employees did Sproutt Insurance have?
- Sproutt Insurance had 26 employees.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtechHealth Tech & Life SciencesDigital HealthcarePatient Engagement
Technologies
Platforms & InterfacesWeb
Target customers
Healthcare & Life SciencesHealthcareInsurance CompaniesFinancial ServicesFinancial ProductsInsurance
Business model
B2BB2C
Highlights
Verified
Tags
wellnesspatient-engagementdigital-healthcareinsurtechfintechunderwritingweb-platformartificial-intelligencenatural-language-processing