Sproutr raises a seed round led by Altai Ventures to help MGAs, MGUs, and carriers launch innovative P&C products more efficiently.

May 15, 2025•3 months ago

Round Type

seed

PhiladelphiaInsuranceConsulting

Investors

Altai Ventures

Description

Sproutr, a boutique insurance product design firm, announced the close of its seed round. Led by Altai Ventures, the funding aims to address the gap between insurance innovation and execution. The company supports over 35 customers with more than 60 launched products. They empower clients to navigate regulatory processes effectively.

Company Information

Company

Sproutr

Location

Philadelphia, Pennsylvania, United States

About

Sproutr is a boutique insurance product design and build firm that focuses on helping MGAs/MGUs, program administrators, and carriers launch innovative property and casualty (P&C) products and programs more efficiently. Established by experienced insurance operators, Sproutr bridges the gap between innovation and execution by navigating complex regulatory processes. The firm offers end-to-end advisory and execution support across all stages of product development. With a tech-forward approach, Sproutr empowers clients to capitalize on market opportunities and avoid pitfalls.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers