Sproutt Insurance
Information by Research Trustfinance
Founded in 2018, Sproutt was an Insurtech company aimed at simplifying the life insurance process for consumers. Its core technology was the "Guided Artificial Intelligence Assessment" (GAIA), which generated a "Quality of Life Index" (QL Index) score based on a user's lifestyle choices to help them find personalized life insurance coverage from top-rated carriers. Sproutt operated as an online insurance agency, blending its technology platform with human agent support to match customers with suitable policies. Despite raising significant venture capital, the company ceased all operations in February 2023, citing an inability to secure further funding in a challenging economic climate.
United States
Industry
- InsurancePRIMARY
Financial
HQ Location