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How Devo CEO Marc Van Zadelhhoff grew Devo to $70.6M revenue with a 530 person team in 2024.

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Devo Revenue

In 2024, Devo's revenue reached $70.6M. The company previously reported $37.1M in 2023. Since its launch in 2011, Devo has shown consistent revenue growth.

Devo Revenue GrowthReported revenue / ARR by year$0$15M$30M$45M$60M$75M20112013201520172019202120232024$0$28M$71MSource: GetLatka.com
YearMilestone
2024Devo Hit $70.6m revenue in October 2024
2023Devo Hit $37.1m revenue in December 2023
2021Devo Hit $27.6m revenue in April 2021
2011Launched with $0 revenue

Devo Valuation, Funding Rounds

Devo reached a $2B valuation in 2022, set during its Series F round.

Devo has raised $481M in total funding across 6 rounds, most recently a $100M Series F round in 2022.

Devo Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$500M$1B$2B$2B$3B20112013201520172019202120222011 cumulative: $0 • 2011 Founded: $02017 cumulative: $11M • 2011 Founded: $0 • 2017 Seed Round: $11M2017 cumulative: $46M • 2011 Founded: $0 • 2017 Seed Round: $11M • 2017 Series A: $35M2018 cumulative: $71M • 2011 Founded: $0 • 2017 Seed Round: $11M • 2017 Series A: $35M • 2018 Series B: $25M2020 cumulative: $131M • 2011 Founded: $0 • 2017 Seed Round: $11M • 2017 Series A: $35M • 2018 Series B: $25M • 2020 Series D: $60M2021 cumulative: $381M • 2011 Founded: $0 • 2017 Seed Round: $11M • 2017 Series A: $35M • 2018 Series B: $25M • 2020 Series D: $60M • 2021 Series E: $250M2022 cumulative: $481M • 2011 Founded: $0 • 2017 Seed Round: $11M • 2017 Series A: $35M • 2018 Series B: $25M • 2020 Series D: $60M • 2021 Series E: $250M • 2022 Series F: $100M @ $2B valuation$481M2011 Founded: $0 valuation2022 Series F: $2B valuation$2BSource: GetLatka.com
YearRoundAmountValuation% Sold
2022Series F$100M$2B5%
2021Series E$250M--
2020Series D$60M--
2018Series B$25M--
2017Series A$35M--
2017Seed Round$11M--

Devo Employees & Team Size

Devo employs approximately 530 people as of 2026, down from 651 in 2024.

Devo has 530 total employees in different roles and functions and 28 sales reps that carry a quota.

Devo Team GrowthReported headcount over time02004006008001,0002011201320152017201920212023202500530530Source: GetLatka.com
YearMilestone
2025Reached 530 employees (November 2025)
2024Reached 651 employees (December 2024)
2024Reached 670 employees (October 2024)
2023Reached 677 employees (December 2023)
2022Reached 769 employees (December 2022)
2021Reached 604 employees (December 2021)
2021Reached 341 employees (April 2021)

Founder / CEO

Marc Van Zadelhhoff

Marc van Zadelhoff has nearly 20 years of experience in strategy, venture capital, business development and marketing in the IT and security space. Currently, Marc is the VP, Worldwide Strategy and Product Management for IBM Security Systems –responsible for overall product management, budget and positioning for IBM’s full software portfolioglobally. Marc’s prior responsibilities at IBM have included leadership roles in M&A, product management and marketing in both software and services. Marc was a member of the executive team of Dutch-based Consul before it sold to IBM and spent the rest of his pre-IBM years in IT venture capital and strategy consulting. Marc lives outside of Boston, Massachusetts.

Q&A

QuestionAnswer
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Customers

We do not have customer count information for Devo yet.

Frequently Asked Questions about Devo

What is Devo's revenue?

Devo generates $70.6M in revenue.

Who founded Devo?

Devo was founded by Marc Van Zadelhhoff.

Who is the CEO of Devo?

The CEO of Devo is Marc Van Zadelhhoff.

How much funding does Devo have?

Devo raised $481M.

How many employees does Devo have?

Devo has 530 employees.

Where is Devo headquarters?

Devo is headquartered in Cambridge, Massachusetts, United States.

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Compare Devo to the industry

Devo operates across multiple industries. Browse revenue, funding, and growth data for Devo in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .