Sprout, HRtech startup, lands US$6M from American billionaire Steve Cohen

Sprout, the Philippines-based HR and payroll startup, has recently made headlines after becoming the first Southeast Asian investment made by American billionaire Steve Cohen's venture fund.

NY-based Point72 Ventures, American billionaire Steve Cohen’s early-stage Venture Fund, has invested a US$6 million into Sprout, a payroll and human resources platform from Manila, Philippines. The Series A round of funding marks Point72’s first foray into Southeast Asia, Tech in Asia reported.

Participating investors include another New York-based venture Next Billion Ventures, Singapore’s Dymon Asia, and Endeavor Catalyst, the investment vehicle of potentially high social impact entrepreneurs organization, Endeavor. Existing investors Kickstart, Beenext, and Wavemaker Partners returned for this fresh round.

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