Sprout.ai (fka BlockClaim) , a London, UK-based provider of insurance claims settlement solutions, raised $2.5m in seed funding.
The round was led by Amadeus Capital Partners with participation from Playfair Capital and Techstars.
The company intends to use the funds to continue to expand operations and its business reach in the USA.
Led by Niels Thone, CEO, Greg Cadel, CTO, Raphael Guth, COO, and Toby Clarke, CIO, Sprout.ai provides insurance claims settlement solutions.
The company offers:
- Personal Solutions, a specialized solution for P&C insurance, and
- Commercial Lines, a Contextual AI- driven claims triage & fraud filtering solution specifically designed for health insurers to streamline claims processes and minimise leakage.