Sprout.ai (AI) — Funding, Investors & Signals 2026

Sprout.ai

AI powered insurance claims automation

Founded 2018

London, United Kingdom 45 employees Venture round Total: $19.85M AI, Information Technology +3

Sprout.ai is an AI-powered insurance claims automation platform, providing fast and accurate claims decisions, disrupting the insurance industry. Used by leading insurers globally, including AXA and AdvanceCare, Sprout.ai has been instrumental in reducing claims processing time from 25-30 days to real-time resolutions. This technology has enabled insurers to process 60% of claims straight through, with a remarkable 98% accuracy. Headquartered in the United Kingdom and founded in 2018, the company raised a significant £5.40M in its last Venture Round investment on 31 October 2023. Notable investors in this round include Forefront Venture Partners, Octopus Ventures, Portfolio Ventures, Techstars, Amadeus Capital Partners, Playfair Capital, Praetura Ventures, Verstra Ventures, Capricorn Asset Management Limited, and Evolution Ventures. With its potential to drive high customer retention and improved efficiency, Sprout.ai represents a promising opportunity in the fields of AI, Information Technology, Insurance, Insurtech, and Health insurance.

Funding Stage	Amount	Investors	Lead Investors	Date
Venture Round	£5.40M	10	Forefront Venture Partners, Octopus Ventures +8	31 Oct 2023
Series A	$11.00M	3	Octopus Ventures, Techstars +1	05 May 2021
Seed Round	$2.50M	4	Techstars, Amadeus Capital Partners +2	16 Apr 2020
Seed Round	£500.00K	2	Techstars, Amadeus Capital Partners	17 Jun 2019
Pre Seed Round	£450.00K	2	Amadeus Capital Partners, Paul Teather	02 Apr 2018

Funding Stage

Amount

Investors

Lead Investors

Date

Venture Round

£5.40M

Forefront Venture Partners, Octopus Ventures +8

31 Oct 2023

Series A

$11.00M

Octopus Ventures, Techstars +1

05 May 2021

Seed Round

$2.50M

Techstars, Amadeus Capital Partners +2

16 Apr 2020

Seed Round

£500.00K

Techstars, Amadeus Capital Partners

17 Jun 2019

Pre Seed Round

£450.00K

Amadeus Capital Partners, Paul Teather

02 Apr 2018

FAQ About Sprout.ai

AI powered insurance claims automation

Sprout.ai was founded in 2018.

Sprout.ai is headquartered in London, United Kingdom.

Sprout.ai operates in AI, Information Technology, Insurance, Insurtech and Health insurance. Its work centres on AI-driven claims automation, Fraud detection, Contextual AI and Insurance technology.

Sprout.ai has approximately 45 employees.

Sprout.ai has completed 5 funding rounds, raising a total of $19.85M. The latest funding stage is Venture round.

Top alternatives and competitors to Sprout.ai include PrecisionGx, EvolutionIQ, Curacel, Yuandudu Technology, omni:us. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Sprout.ai and PrecisionGx are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Sprout.ai

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Funding Rounds & Investors (5)

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