Insurtech Startup Sproutt Raises $12 Million

Sproutt develops an online service that offers tailored life insurance rates for “healthier” individuals by taking into consideration factors including a person’s lifestyle, health, activities, and diet

Tel Aviv-based insurtech company Sproutt Insurance, incorporated as Aktibo Solutions Ltd., has raised a $12 million series A funding round, the company announced Thursday. The round was participated by State of Mind Ventures (SMOV), Moneta Capital, and Guardian Life Insurance Company of America.

 

Founded in 2018, Sproutt develops an online service that offers tailored life insurance rates for “healthier” individuals by taking into consideration factors including a person’s lifestyle, health, activities, and diet.

Active lifestyle (illustration). Photo: Getty Images