Sprout Solutions Phil.
Latest round
- Series B
Last raised
- Apr 2023
Total raised
- $18M
Investors
- 14
About Sprout Solutions Phil.
, Inc. focuses on delivering innovative HR and payroll solutions.Sprout Solutions primarily offers AI-enhanced Human Resource (HR), Payroll, and Embedded Finance solutions aimed at optimizing organizational processes and enhancing employee performance. Their core products include a comprehensive HR Information System that automates critical administrative tasks, a Payroll Management System that ensures accurate payroll processing, and Payroll Outsourcing services for businesses seeking to streamline these operations. In addition, their offerings feature advanced HR analytics, an AI-powered performance management platform, and a wellness platform that focuses on employee well-being. These solutions cater to over 1,500 organizations across various sectors, including manufacturing, healthcare, and retail, primarily targeting the Philippines and expanding into Southeast Asian markets.24 mn.56 mn. Sprout Solutions generates revenue primarily through subscription-based models for its software and services, allowing clients to access their suite of HR and payroll solutions on an ongoing basis. The company structures its transactions around B2B partnerships, providing tailored packages to meet the diverse needs of its customer base. Clients typically engage in annual or multi-year agreements, which may include customizable elements based on the size and requirements of the organization. For instance, their flagship Payroll Management System may be offered under different pricing tiers depending on the number of employees and the level of service required.Sprout Solutions plans to further enhance its offerings by launching new products in the near future, focusing on advanced analytical tools and enhanced payroll features. Additionally, the company aims to expand into new markets in Southeast Asia, targeting specific regions by the end of 2024.85 mn will be utilized to support the development of these upcoming products and facilitate market entry strategies.
Who invested in Sprout Solutions Phil.
14 investors across 3 rounds
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Questions about Sprout Solutions Phil.
Who invested in Sprout Solutions Phil.?
Sprout Solutions Phil. has 14 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Sprout Solutions Phil. raised?
Sprout Solutions Phil. has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Sprout Solutions Phil. last raise money?
Sprout Solutions Phil.'s most recent round on record is a Series B, in Apr 2023.
What does Sprout Solutions Phil. do?
Sprout Solutions Phil. is a software company.
Where is Sprout Solutions Phil. headquartered?
Sprout Solutions Phil. is headquartered in Mandaluyong City, Philippines.
Which VCs invest in companies like Sprout Solutions Phil.?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Sprout Solutions Phil.'s stage. Their profiles are linked below.
VCs backing software startups at Series B
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