Sprout.ai (Legal: Sprout.ai LTD.; fka BlockClaim)

Information Acquired

Claims & Fraud, Document Intelligence, Claims Automation, Fraud Detection, Payment Integrity

Founded March 2018 (at Imperial College London Enterprise Lab)

HQ London, England, United Kingdom

Employees 51–100 (Crunchbase); 24 as of Dec 2024 (Tracxn — note: Tracxn shows 31% decline from Dec 2023)

Last Round Pre-Seed

Runway ⚠️ Moderate Risk — Last raise was Oct 2023 (2+ years ago). Revenue estimated at $1M–$10M. Employee shrinkage suggests cost management. However, Tier 1 customer wins (MetLife, Scottish Widows) in 2025 are strong mitigants. Guidewire partnership and Dai-ichi competition win suggest growing pipeline. Company claims to be in "growth/scale-up" phase. Need to verify if profitable or approaching breakeven.

About

AI-powered claims automation and fraud detection engine purpose-built for global insurers, MGAs, and TPAs

Last Round

Pre-Seed · £450K

GRAIN Score

Independent vendor assessment

66/100

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Revenue / ARR

$1M–$10M range (Crunchbase estimate)

Employees

⚠️ Shrinking — Tracxn shows 24 employees as of Dec 2024, down 31% from Dec 2023. Crunchbase shows 51–100 (likely lagging). This is a notable risk signal.

Runway

⚠️ Moderate Risk — Last raise was Oct 2023 (2+ years ago). Revenue estimated at $1M–$10M. Employee shrinkage suggests cost management. However, Tier 1 customer wins (MetLife, Scottish Widows) in 2025 are strong mitigants. Guidewire partnership and Dai-ichi competition win suggest growing pipeline. Company claims to be in "growth/scale-up" phase. Need to verify if profitable or approaching breakeven.

Funding History

Round	Amount	Date	Lead
Venture (Series Unknown)	£5.4M (~$6.8M)	Oct 31, 2023	—
Series A	$11M (£8M)	May 5, 2021	—
Seed	$2.5M	Apr 16, 2020	—
Seed	£500K	Jun 17, 2019	—
Pre-Seed	£450K	Apr 2, 2018	—