Sprout, an InsurTech based in London, has raised £8mn Series A funding.
In Brief:
Sprout.ai says it settles insurance claims in less than 24 hours.
The round was led by Octopus Ventures.
It also included existing investors like Amadeus, Techstars and Playfair.
What does this mean?
Sprout.ai wants to accelerate parts of its offering, including the customer onboarding journey, so customers can access insurance solutions as quickly as possible. It will hire talent into various teams including product and operations.
