TELUS invests in workplace health platform Sprout
Canadian wellness company Sprout has received an undisclosed investment from Canadian corporate venture firm TELUS Ventures and the venture arm of U.S. startup accelerator Techstars. Sprout says it plans to leverage the investment to expand its user experience, data analytics and ecosystem of partners to help promote wellness across corporate cultures across the globe.
This financing round builds on an undisclosed strategic investment led by TELUS in May last year. Prior to that, Sprout secured $1 million in a Seed Round in September 2014 led by Optimé International and Bullet Time Ventures, with participation from Techstars Ventures, Dipcom Investments Corp. and Roboson Capital Inc.
Sprout says its new partnership with TELUS and Techstars evolved from Nike+’s first accelerator program powered by Techstars, where Sprout was one of 10 growing tech companies chosen to participate in an immersive, mentor-driven startup accelerator.
TELUS too has seen the continued alignment between their own efforts to boost workforce wellness through wearable devices and Sprout’s growing contribution to social health technology.
“At TELUS, we’re committed to helping Canadians make positive lifestyle choices, and are excited to advance our partnership with Sprout so together, we continue to strengthen the emphasis on health and wellness and improve long-term results,” says Rich Osborn, Managing Partner of TELUS Ventures.
Sprout provides technology based tools engineered to motivate employees to get active in the way they choose. It also provides leaders with the ability to measure the positive impact of wellness on their business. In addition to a growing suite of tools that includes physical activity tracking, nutrition, mental health, and biometrics, the platform integrates with leading fitness trackers.
“TELUS and Techstars are both invaluable influencers of wellness technology. TELUS is making huge strides in generating awareness about the benefits of preventative health and Techstars continues to support developments in wearable wellness,” says Martha Switzer, co-founder of Sprout. “Through these partnerships, we hope to advance our platform even further so we can create a wellness movement across corporate cultures, for happier, healthier people and happier, healthier companies.”
TELUS Ventures is a member of the Canadian Venture Capital and Private Equity Association.