# Sprout Group: portfolio, investments and team

> Sprout Group is a growth equity based in United States. 46 investments on record, latest Jul 2012. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/sprout-group (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Sprout Group

Last cheque observed Jul 2012. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Growth equity Website unconfirmed

Series B Venture Series C Enterprise Software Internet Venture Capital & Private Equity

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 46 on record

Since the last cheque **5230** days **00** hrs **00** min **00** sec

Median round **$25M** Rounds led **0 of 46** Sole investor **2 rounds** Exits **13 from the portfolio** Mostly in **United States, 97%**

Pitch Sprout Group

## Sprout Group highlights

- 01 46 rounds on record
- 02 Mostly Series B and Venture: 51% of its rounds
- 03 Sole investor in 2 rounds, median $8.8M
- 04 13 exits from the portfolio

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Enterprise Software Internet Venture Capital & Private Equity
- **Based in:** New York, United States
- **Cold pitches:** Not accepted

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=sprout-group).

## The record

Every round we can evidence, newest first **46 appearances**

- **2012** 1 round
- **Jul** **[Relypsa](https://millionrounds.com/company/relypsa)** Growth · US **$62M** With 6 others
- **2011** 1 round
- **Jan** **[CyOptics](https://millionrounds.com/company/cyoptics)** Venture · US · finsmes.com **$50M** With 3 others
- **2010** 2 rounds
- **Sept** **[Relypsa](https://millionrounds.com/company/relypsa)** Series B · US · finsmes.com **$70M** With 5 others
- **Apr** **[Aureon Laboratories](https://millionrounds.com/company/aureon-laboratories)** Series D · US · onbiovc.com **$7.0M** With 3 others
- **2009** 3 rounds
- **Sept** **[TradeBeam](https://millionrounds.com/company/tradebeam)** Venture · US · deals.venturebeat.com **$7.0M** With 5 others
- **Aug** **[Calix](https://millionrounds.com/company/calix)** Debt · US · gigaom.com **$50M** With 4 others
- **Aug** **[CareDx](https://millionrounds.com/company/caredx)** Series F · US · sanjose.bizjournals.com **$14M** With 7 others
- **2007** 4 rounds
- **Oct** **[Relypsa](https://millionrounds.com/company/relypsa)** Series A · US · venturebeat.com **$33M** With 5 others
- **Sept** **[Intrinsic Therapeutics](https://millionrounds.com/company/intrinsic-therapeutics)** Series D · US **$21M** With 2 others
- **Aug** **[TradeBeam](https://millionrounds.com/company/tradebeam)** Series C · US · venturebeat.com **$29M** With 5 others
- **May** **[NeuroVista](https://millionrounds.com/company/neurovista)** Series B · US · seattletimes.nwsource.com **$34M** With 4 others
- **2006** 4 rounds
- **Nov** **[Kalypsys](https://millionrounds.com/company/kalypsys)** Series C **$100M** With 3 others
- **Oct** **[Tolerx](https://millionrounds.com/company/tolerx)** Series D · US **$61M** With 11 others
- **Jun** **[Reliance Globalcom](https://millionrounds.com/company/reliance-globalcom)** Venture · US **$8.5M** With 3 others
- **Jan** **[CareDx](https://millionrounds.com/company/caredx)** Venture · US · xdx.com **$27M** With 6 others
- **2005** 4 rounds
- **Oct** **[CyOptics](https://millionrounds.com/company/cyoptics)** Series F · US · cyoptics.com **$27M** With 4 others
- **Sept** **[Lefthand Networks](https://millionrounds.com/company/lefthand-networks)** Series C · US · goliath.ecnext.com **$25M** With 10 others
- **Aug** **[Aureon Laboratories](https://millionrounds.com/company/aureon-laboratories)** Series B · US **$20M** With 2 others
- **Apr** **[Reliance Globalcom](https://millionrounds.com/company/reliance-globalcom)** Venture · US **$24M** With 3 others
- **2004** 8 rounds
- **Dec** **[NeuroBionics](https://millionrounds.com/company/neurobionics)** Series A · US **$6.0M** With 1 other
- **Dec** **[CareDx](https://millionrounds.com/company/caredx)** Series D · US **$20M** With 4 others
- **Nov** **[Trade Beam Holding Inc.](https://millionrounds.com/company/trade-beam-holding-inc)** Venture **$18M** With 4 others
- **Sept** **[Sopherion Therapeutics](https://millionrounds.com/company/sopherion-therapeutics)** Series B · US **$47M** With 7 others
- **Aug** **[Kalypsys](https://millionrounds.com/company/kalypsys)** Series B **$29M** With 7 others
- **Apr** **[Affymax](https://millionrounds.com/company/affymax)** Series C · US **$20M** With 3 others
- **Mar** **[Aspreva Pharmaceuticals Corp](https://millionrounds.com/company/aspreva-pharmaceuticals-corp)** Series A · CA **$57M** With 4 others
- **Jan** **[Spiration](https://millionrounds.com/company/spiration)** Series E · US **$27M** With 6 others
- **2003** 8 rounds
- **Nov** **[Auxilium Pharmaceuticals](https://millionrounds.com/company/auxilium-pharmaceuticals)** Series D · US **$43M** With 7 others
- **Sept** **[Storability](https://millionrounds.com/company/storability)** Series D · US **$7.0M** With 3 others
- **Aug** **[Infinera Corporation](https://millionrounds.com/company/infinera-corporation)** Series D · US **$60M** With 10 others
- **May** **[Evolution Benefits](https://millionrounds.com/company/evolution-benefits)** Series B · US **$5.5M** Sole investor
- **Apr** **[Sirna Therapeutics](https://millionrounds.com/company/sirna-therapeutics)** Venture · US **$48M** With 5 others
- **Mar** **[Lefthand Networks](https://millionrounds.com/company/lefthand-networks)** Series C · US **$20M** With 7 others
- **Jan** **[Watercove Networks](https://millionrounds.com/company/watercove-networks)** Series C · US **$20M** With 3 others
- **Jan** **[Tolerx](https://millionrounds.com/company/tolerx)** Series C · US **$35M** With 6 others
- **2002** 3 rounds
- **Sept** **[Aureon Laboratories](https://millionrounds.com/company/aureon-laboratories)** Series A · US **$15M** With 1 other
- **Aug** **[Epocrates](https://millionrounds.com/company/epocrates)** Series C · US · otohns.net **Undisclosed** With 4 others
- **Jan** **[Gryphon Therapeutics](https://millionrounds.com/company/gryphon-therapeutics)** Series B **$26M** With 2 others
- **2001** 4 rounds
- **Oct** **[Protedyne Corporation](https://millionrounds.com/company/protedyne-corporation)** Venture · US **$12M** Sole investor
- **Jun** **[Storability](https://millionrounds.com/company/storability)** Series B · US **$30M** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **13 in all**

**[Auxilium Pharmaceuticals](https://millionrounds.com/company/auxilium-pharmaceuticals)** Bought by Endo Health Solutions **$2.6B** Oct 2014

**[CyOptics](https://millionrounds.com/company/cyoptics)** Bought by Avago Technologies **Undisclosed** Apr 2013

**[Epocrates](https://millionrounds.com/company/epocrates)** Bought by Athenahealth **Undisclosed** Jan 2013

**[Epocrates](https://millionrounds.com/company/epocrates)** Listed **Undisclosed** Feb 2011

**[TradeBeam](https://millionrounds.com/company/tradebeam)** Bought by [CDC Software](https://millionrounds.com/fund/cdc-software) **Undisclosed** May 2010

**[Phase Forward](https://millionrounds.com/company/phase-forward)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **$685M** Apr 2010

**[Calix](https://millionrounds.com/company/calix)** Listed **Undisclosed** Mar 2010

**[Lefthand Networks](https://millionrounds.com/company/lefthand-networks)** Bought by [Hewlett-Packard](https://millionrounds.com/fund/hewlett-packard) **$360M** Oct 2008

**[Auxilium Pharmaceuticals](https://millionrounds.com/company/auxilium-pharmaceuticals)** Listed **Undisclosed** Dec 2007

**[Aspreva Pharmaceuticals Corp](https://millionrounds.com/company/aspreva-pharmaceuticals-corp)** Bought by Galenica Ltd. **Undisclosed** Oct 2007

**[Infinera Corporation](https://millionrounds.com/company/infinera-corporation)** Listed **Undisclosed** Jun 2007

**[Sirna Therapeutics](https://millionrounds.com/company/sirna-therapeutics)** Bought by Merck & Co. **$1.1B** Oct 2006

**[Atesto Technologies](https://millionrounds.com/company/atesto-technologies)** Bought by InfoVista **Undisclosed** Jul 2003

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series B Venture Series C

Median round joined **$25M** the round, not its cheque Alone, median **$8.8M**

Led 0 of 46 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Jul 2012
- **Exits:** 13 from the portfolio

Rounds by stage said on their site

- Series B *12*
- Venture *10*
- Series C *8*
- Series D *7*
- Series A *4*
- Series F *2*

Cheques by year Led Joined

2000 2012

Often in the room with

- [Three Arch Partners](https://millionrounds.com/fund/three-arch-partners) 6
- [Atlas Venture](https://millionrounds.com/fund/atlas-venture) 5
- [5AM Ventures](https://millionrounds.com/fund/5am-ventures) 4
- [Delphi Ventures](https://millionrounds.com/fund/delphi-ventures) 4
- [InterWest Partners](https://millionrounds.com/fund/interwest-partners) 4
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 4

**Pitching Sprout Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Sprout Group. A count of rooms they were both in, not a relationship either has claimed.

[**Three Arch Partners** Growth equity **6** rounds together](https://millionrounds.com/fund/three-arch-partners)[**Atlas Venture** VC firm **5** rounds together](https://millionrounds.com/fund/atlas-venture)[**5AM Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/5am-ventures)[**Delphi Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/delphi-ventures)[**InterWest Partners** VC firm **4** rounds together](https://millionrounds.com/fund/interwest-partners)[**Kleiner Perkins Caufield & Byers** VC firm **4** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**New Leaf Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/new-leaf-venture-partners)[**The Carlyle Group** Private equity **4** rounds together](https://millionrounds.com/fund/the-carlyle-group)[**Burrill & Company** VC firm **3** rounds together](https://millionrounds.com/fund/burrill-and-company)[**CMEA Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/cmea-capital)[**Enterprise Partners Venture Capital** VC firm **3** rounds together](https://millionrounds.com/fund/enterprise-partners-venture-capital)[**Integral Capital Partners** Growth equity **3** rounds together](https://millionrounds.com/fund/integral-capital-partners)

## Mentioned on podcasts

Episodes that name Sprout Group in their description, not their title.

- [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 20 Mar 2017 · 33 min SaaStr 106: Why Early Stage SaaS Metrics Do Not Matter, The 5 Things To Look For In Early Stage SaaS Companies & How To Negotiate A Term Sheet The Right Way with Alex Rosen, Managing Director @ IDG Ventures Mentions [Alex Rosen](https://millionrounds.com/fund/alex-rosen)[IDG Ventures](https://millionrounds.com/fund/idg-ventures)[Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) *+1* Apple PodcastsShow page

## Quick answers about Sprout Group

### What does Sprout Group invest in?

Sprout Group invests most often at Series B and Venture (51% of the rounds on record), in sectors such as Enterprise Software, Internet and Venture Capital & Private Equity.

### How active is Sprout Group?

46 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2012.

### How big are Sprout Group's cheques?

The median round it joins is $25M.

### Does Sprout Group lead rounds?

Rarely, if at all: none of its 46 investments on record names it as the lead.

### Where does Sprout Group invest?

Most of the companies it backs are in the United States (97%).

### Is Sprout Group investing now?

No investments in the last 12 months; the latest was in Jul 2012.

### Who does Sprout Group invest alongside?

Most often Three Arch Partners (6 rounds together), Atlas Venture (5 rounds together) and 5AM Ventures (4 rounds together).

### What kind of investor is Sprout Group?

Sprout Group is a growth equity firm based in New York, United States.

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