# Roots Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/roots-technology

- Industry: Software
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.getsprout.co
- Total disclosed funding: $3M
- Latest round: Seed (Mar 30, 2022)
- Investors on record: 3

## About

Based in Hong Kong, and founded in 2019 by its CEO Andy Lee and Tony Sun, Roots Technology Limited trading as Sprout, offer cloud-based, automated stakeholder management software as a service. Andy Lee has almost 25 years of startup and corporate management experience across China and the Asia Pacific. As of May 2022, it has a team of 30 people. It has partnerships with 17 Live, Acclime,  TravelFan, etc.

The company's product includes Sprout which is a stakeholder management solution that helps companies learn and digitally manage all their stakeholders, stock options, fundraising, and cap table; and Folium is token management that enables organizations to track and manage all related wallet transactions, token vesting, off-chain convertibles on any public or private blockchain. The client base includes Articoin, Noiz, Beam, and YAS microinsurance.

The company generates revenue through its software subscription with the starter, and growth packages.

## Funding rounds

- Seed, Mar 30, 2022, $3M — Firsthand Alliance, NDN2 vision fund, Peak XV Partners

## Investors

- Firsthand Alliance (https://capitalatlas.ai/funds/firsthand-alliance) — Seed
- NDN2 vision fund (https://capitalatlas.ai/funds/ndn2-vision-fund) — Seed
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Seed