Aktibo, Inc.

Aktibo, Inc. is a US-based company focusing on innovative life insurance solutions that leverage health and wellness data to deliver personalized insurance products and improve the purchasing experience for consumers. Aktibo, Inc. specializes in providing tailored insurance solutions primarily for the life insurance market.

Founded in 2018 in Hartford, US, by Assaf Henkin and Pete Vatistas, the company has completed two deals to date. The latest funding round, a Series B, raised USD 26. 00 mn on September 14, 2021, led by MoreTech Ventures, with participation from a range of new and returning investors including Alpha Wave Global and FinTLV Ventures. Sproutt focuses on delivering innovative insurance solutions tailored for the life insurance market.

The company's core offerings center around a unique platform that assesses individuals' health and wellness, allowing for personalized insurance products. By leveraging data-driven insights, Sproutt aims to simplify the insurance purchasing process, targeting health-conscious consumers seeking coverage that aligns with their lifestyle. Their products primarily serve individual policyholders, with a significant emphasis on attracting younger demographics who are often underserved in traditional insurance markets. Geographically, Sproutt operates primarily within the United States, addressing the needs of customers in major urban centers where demand for flexible and accessible insurance solutions is increasing.

Sproutt's revenue model is centered around direct-to-consumer transactions within the life insurance sector. The company generates income through the sale of various insurance products, with a focus on subscription-based models that offer policyholders ongoing benefits and renewals. Transaction structures may include partnerships with insurance carriers, allowing Sproutt to provide a range of options tailored to different customer needs. Pricing plans are designed to be competitive, reflecting the personalized nature of the services offered.

Notably, flagship products under Sproutt's brand utilize advanced health assessments to create customized insurance quotes, thereby enhancing customer engagement and retention. In September 2021, Aktibo, Inc. raised USD 26. 00 mn in Series B funding.

This funding will be utilized to support the development of a new predictive life insurance product, leveraging extensive data gathered from its growing customer base. The company plans to expand its offerings into new markets, targeting younger demographics and major urban centers in the US, where demand for tailored insurance solutions is rising.