2024 Revenue
$3.6M(Est.)
Funding
$18.1M
Team
62
Founded
2012
Element Revenue & Funding (2024)
Element generated an estimated $3.6M in annual revenue in 2024. Source: GetLatka estimate
Developer of a mobile software created to eliminate the need for special hardware, creating a portable identity that can be used by anyone, anywhere. The company's software offers end-to-end biometric services that are used to build global immunization platforms, enable connected diagnostics, provide a digital identity resource for healthcare providers and empower access to financial services, enabling people who lack proper identification to be a part of the efficient and inclusive societies.
Last updated
Element Revenue
In 2024, Element's revenue reached $3.6M. The company previously reported $2.3M in 2023. Since its launch in 2012, Element has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Element Hit $3.6m revenue in October 2024 | Estimated |
| 2023 | Element Hit $2.3m revenue in December 2023 | Estimated |
| 2021 | Element Hit $1.4m revenue in April 2021 | Not recorded |
| 2012 | Launched with $0 revenue |
Element Valuation, Funding Rounds
Element has not publicly disclosed its valuation. The company has raised $18.1M in total funding to date.
Element has raised $18.1M in total funding across 3 rounds, with its most recent round in 2018.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2018 | Funding round | $12M | - | - | Not recorded |
| 2014 | Funding round | $5.3M | - | - | Not recorded |
| 2012 | Funding round | $750K | - | - | Not recorded |
Founder / CEO
Adam Perold
CEO
Co-founder, President & CEO at Element, Inc. since July 2012 to present. He studied at Stanford University and Harvard Business School.
Element Employees & Team Size
Element employs approximately 62 people as of 2026, up from 56 in 2023.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 62 employees (October 2024) | Not recorded |
| 2023 | Reached 56 employees (December 2023) | Not recorded |
| 2022 | Reached 56 employees (December 2022) | Not recorded |
| 2021 | Reached 40 employees (December 2021) | Not recorded |
| 2021 | Reached 38 employees (April 2021) | Not recorded |
Frequently Asked Questions about Element
What is Element's revenue?
As of 2024, Element generated an estimated $3.6M in annual revenue.
Who founded Element?
Element was founded by Adam Perold.
When was Element founded?
Element was founded in 2012.
Who is the CEO of Element?
The CEO of Element is Adam Perold.
How much funding does Element have?
Element raised $18.1M across 3 rounds.
How many employees does Element have?
As of 2024, Element had 62 employees.
Where is Element headquartered?
Element is headquartered in New York, New York, United States.
Compare Element to the industry
Element operates across multiple industries. Browse revenue, funding, and growth data for Element in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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