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sproutatwork.com

Founded Year

2012

Stage

Acquired | Acquired

Total Raised

$780K

About Sprout Wellness Solutions

Sprout is a Wellness Engagement Platform, used by progressive companies to improve the health of their employees and their business. Sprout creates a work culture that enables individuals to lead happier, healthier lives, while empowering employers to effectively manage and measure wellness outcomes.On March 29th, 2022, Sprout Wellness Solutions was acquired by TELUS Health. Terms of the transaction were not disclosed.

Sprout Wellness Solutions Headquarter Location

366 Adelaide Street West Suite 301

Toronto, Ontario, M5V 1R9,

Canada

866-535-5027

ESPs containing Sprout Wellness Solutions

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Fintech / Insurtech

Wearables are smart devices that collect biometric data from the individual wearing them. Life insurers can tap into this data to underwrite and price policies. Players in this technology market include wearable hardware manufacturers with software platforms and pure-play wearable software platforms.

Sprout Wellness Solutions named as Challenger among 8 other companies, including Validic, EVO, and PAI Health.

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Research containing Sprout Wellness Solutions

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CB Insights Intelligence Analysts have mentioned Sprout Wellness Solutions in 1 CB Insights research brief, most recently on Aug 12, 2020.

Expert Collections containing Sprout Wellness Solutions

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sprout Wellness Solutions is included in 5 Expert Collections, including Fitness Tech.

F

Fitness Tech

1,303 items

This Collection includes startups developing software and technology to augment approaches to developing or maintaining physical fitness, including workout apps, wearables, and connected fitness equipment.

W

Wellness Tech

1,302 items

We define wellness tech as companies developing technology to help consumers improve their physical, mental, and social well-being. Companies in this collection play across a wide range of categories, including food and beverage, fitness, personal care, and corporate wellness.

D

Digital Health

13,075 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

I

Insurtech

69 items

S

Store management tech (In-store retail tech)

357 items

Latest Sprout Wellness Solutions News

TELUS acquires 100% of Sprout Wellness Solutions

Mar 30, 2022

TELUS acquires 100% of Sprout Wellness Solutions TELUS through TELUS Ventures invested in 2015 and held a significant minority position in Sprout Wellness Solutions. Financial terms were not disclosed. Founded in 2012 by Martha Switzer and Christina Ford, Sprout Wellness Solutions had been backed by TELUS, Techstars, NorthSpring Capital Partners, Optimé International Inc., Roboson Capital Inc., Dipcom Investments Corp. and others. Sprout will continue to be available for all its current customers. Over the coming months, TELUS Health will integrate Sprout Wellness Solutions into its Virtual Care service, making it available as a value-added solution to clients nationally in English and French. photo credit: Sprout Wellness Solutions News Release TELUS Health expands employer preventative health services with acquisition of Sprout Wellness Solutions The acquisition will enhance TELUS Health’s virtual care offerings and add another leading Canadian digital health solution to their suite of services tailored to address the needs of organizations and their employees Toronto March 29, 2022 – TELUS Health today announced it has acquired Sprout Wellness Solutions, a holistic digital health and wellness solution designed to educate, engage and inspire people to improve their health through behaviour change. The solution will be available as part of theTELUS Health suite of services for Canadian employers to empower their employees, through their benefits plan, to live healthier lives. “We know preventative health practices can play a major role in reducing one’s chances of developing several chronic diseases, and services that allow users to be proactive about their health are an important component of an effective care plan,” said Daniel Martz, vice president, Virtual Care, TELUS Health. “For more than a decade, Sprout has contributed to improving people’s health and wellness and we are pleased to add it to our full suite of virtual health services to continue helping businesses support the health and wellness of every employee.” Built using machine learning and cognitive behavioural science, the Sprout platform encourages, measures, and rewards healthy behaviours through: Real-time health risk assessment; Engaging health and wellness content; Dynamic goals, gamified challenges, and more. As an early investor in Sprout since 2015, TELUS recognized the positive influence the innovative health solution had on overall health and wellness, helping employees to shift their mindset to more proactively focus on improving their overall health and happiness. As organizations increasingly seek to embrace more digital well-being empowerment tools for their team members, this acquisition allows TELUS Health to deliver a broader suite of options to complement its established services such as virtual care, virtual pharmacy, and medical and mental health clinics to support Canada’s workforce at every step of their health journey. “More than ever, employers are being called on to play a larger role in supporting the health of their employees and this starts with a benefits plan offering that reflects the needs of today’s workforce,” added Martz. “Sprout gives employees another way to take better care of their physical and mental health and we’re excited to integrate the platform into our services to help team members feel even more empowered, supported, engaged, and productive.” Sprout will continue to be available for all its current customers. Over the coming months, TELUS Health will integrate Sprout Wellness Solutions into its Virtual Care service, making it available as a value-added solution to clients nationally in English and French. Employers who are interested in learning more about how Sprout can improve the health and well-being of their employees by being added to their benefits plans can request information here. About TELUS Health TELUS Health is a leader in digital health technology, providing virtual care, virtual pharmacy, home health monitoring, electronic medical and health records, benefits and pharmacy management, and personal emergency response services. By leveraging the power of technology to deliver connected solutions and services, TELUS Health is improving access to care and revolutionizing the flow of information while facilitating collaboration, efficiency, and productivity for physicians, pharmacists, health authorities, allied healthcare professionals, insurers, employers, and all Canadians, to progress its vision of transforming healthcare and empowering people to live healthier lives. Through the TELUS Health Care Centres, teams of renowned and passionate healthcare professionals deliver best-in-class patient-centric care to thousands of Canadian employers, professionals, and families in more than 15 medical clinics located across the country. For more information please visit:www.telushealth.com. -30- Jill Yetman

Sprout Wellness Solutions Web Traffic

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Sprout Wellness Solutions Rank

  • When was Sprout Wellness Solutions founded?

    Sprout Wellness Solutions was founded in 2012.

  • Where is Sprout Wellness Solutions's headquarters?

    Sprout Wellness Solutions's headquarters is located at 366 Adelaide Street West, Toronto.

  • What is Sprout Wellness Solutions's latest funding round?

    Sprout Wellness Solutions's latest funding round is Acquired.

  • How much did Sprout Wellness Solutions raise?

    Sprout Wellness Solutions raised a total of $780K.

  • Who are the investors of Sprout Wellness Solutions?

    Investors of Sprout Wellness Solutions include TELUS Health, NorthSpring Capital Partners, TELUS Ventures, Techstars Ventures and Techstars.

  • Who are Sprout Wellness Solutions's competitors?

    Competitors of Sprout Wellness Solutions include WellteQ and 1 more.

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