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Just raised $40M Series B - high purchase intent window

Hr Tech Startup Sprout Solutions Secures $10.7M Series B Funding

May 19, 2023over 2 years ago

Amount Raised

$10.7 Million

Round Type

series b

ManilaHuman ResourcesSaasSoftware

Description

Sprout Solutions recently acquired $10.7 million series B funding from seven key venture capital firms, led by Cercano Management, with the participation of SoftBank Ventures Asia, AFG Partners, GSR Ventures, Integra Partners, ACA Investments, and Mynavi Corporation.

Company Information

Company

Sprout Solutions

Location

Manila, National Capital Region, Philippines

About

Sprout is a rapidly growing SaaS company aimed to create paradigm-changing solutions for the Philippines. Our goal is to help small, medium-sized, and large enterprise Philippine businesses grow through our suite of backend solutions that address end-to-end HR challenges - especially with the new normal of hybrid work we are all experiencing. With over 1,000 clients across a number of industries, and with a leadership position in the BPO market, Sprout is uniquely qualified due to our laser focus and keen understanding of the intricate nuances of Philippine HR. The Sprout Ecosystem, a comprehensive and effective cloud-based People Platform, is a powerful and completely secure solution that not only allows companies to manage all their HR in one place, with one employee user interface and open API to leverage other enterprise data but also gives invaluable analytics that aid in better enterprise-wide decision-making. Our team is all about individuals who genuinely want to make things better for Filipinos, and actually have the courage to do something about it. We believe that local talent, combined with diverse international talent, united by a common passion and core values, are not just able to build world-class products, but are also able to ignite digital transformational change that will revolutionize a whole economy.

FundzWatch™ Score

82
Medium Activity

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