Tropic
A SaaS management platform (SMP) that offers full-service procurement solutions.
HQ
New York, NY, USA
N/A
N/A
Founded
2019
Company
Analysis
Valuation
Contacts
Tropic is a SaaS management platform (SMP) that brings a click-and-approve approach to buying and managing cloud-based technology stacks. The company’s platform is an end-to-end procurement system of record that replaces costly legacy P2P platforms. It enables organizations to buy software, manage contracts, monitor usage and turn procurement into a competitive advantage.
Tropic was founded in 2019 by David Campbell and Justin Etkin.
Tropic was founded in 2019 by David Campbell and Justin Etkin.
Employees
250
As of Mar 24, 2023
Total Raised to Date
$67,100,000
-38696 Months Since Last Deal
Last Deal Details
$40,000,000
Series B (January, 5202)
Last Valuation
Undisclosed
Company Overview
Operating Status
Active
Ownership Type(s)
Venture Capital
Main Product(s)
API, Data & Analytics
Technology
Workflow Automation
Tags
FinTech, DataOps
Operating Model
Model Type(s)
SaaS, Professional Services
Revenue Type(s)
Recurring, Transactional
Customer Type(s)
Enterprise, SMB
Geographic Exposure
Global
Total Customers
500 - 1,000
Retention Range
80 - 90%
Tropic - Similar Companies
Tropic - FAQ
When was Tropic founded?
Tropicwas founded in 2019.
Where is Tropic’s headquarters located?
Tropic’sheadquarters is located in New York, NY, USA.
How many employees does Tropic have?
Tropichas 250 employees as of March 24, 2023.
How much has Tropic raised to-date?
As of September 18, 2023,Tropichas raised a total of $67.10 million (USD) since 2019.
When was Tropic’s last funding round?
Tropic’smost recent funding round was for $40.00 million (USD) in January 5202.
How many customers does Tropic have?
Tropichas an estimated 500 - 1,000 customers as of April 22, 2023.
Source(s): This page includes data and analysis provided by the company, OpenAI, and our research analysts
