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Provider of mobile security encryption services. The company manufactures the TrustChip, a microSD card that enables drop-in, secure connectivity services to mobile devices.
Last updated
In 2024, KoolSpan's revenue reached $5.2M. The company previously reported $3.5M in 2023. Since its launch in 2002, KoolSpan has shown consistent revenue growth.
KoolSpan has not publicly disclosed its valuation. The company has raised $424.3M in total funding to date.
KoolSpan has raised $424.3M in total funding across 5 rounds, with its most recent round in 2011.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2011 | Funding round | $400M | - | - | |
| 2010 | Funding round | $9.5M | - | - | |
| 2008 | Funding round | $7.1M |
CEO
Nigel Jones brings to KoolSpan over 20 years of experience in operations, financial management, private equity, and mergers & acquisitions, with a demonstrated track record of success. Nigel has been a partner at private equity investment firm TWJ Capital since 2006. Prior to joining TWJ Capital, Nigel was a Principal at the Carlyle Group, where he was a member of the U.S. Buyout team focused on the aerospace, defense, and federal technical services sectors. Prior to joining Carlyle, he was an Associate in the Technology Investment Banking group at Goldman Sachs & Co. Nigel holds a Masters of Business Administration degree from the Stanford University Graduate School of Business and a Bachelor of Arts degree (magna cum laude) from Harvard University. Prior to business school, Nigel was a commissioned officer in the United States Marine Corps from 1991 to 1995, with a focus on secure voice and data communications. Nigel is a member of the Board of Directors of the Marine Corps Scholarship Fund.
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We do not have customer count information for KoolSpan yet.
KoolSpan employs approximately 31 people as of 2026, down from 33 in 2023, including 3 sales reps that carry a quota.
KoolSpan generates an estimated $5.2M in annual revenue.
KoolSpan was founded by Nigel Jones.
The CEO of KoolSpan is Nigel Jones.
KoolSpan raised $424.3M across 5 rounds.
KoolSpan has 31 employees.
KoolSpan is headquartered in Germantown, Maryland, United States.
KoolSpan operates across multiple industries. Browse revenue, funding, and growth data for KoolSpan in each sector below.
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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2024 Revenue
$5.2M(Est.)
Funding
$424.3M
Team
31
Founded
2002
| Year | Milestone | Source |
|---|---|---|
| 2024 | KoolSpan Hit $5.2m revenue in October 2024 | Estimated |
| 2023 | KoolSpan Hit $3.5m revenue in October 2023 | Estimated |
| 2021 | KoolSpan Hit $2.5m revenue in April 2021 | |
| 2002 | Launched with $0 revenue |
| - |
| - |
| 2006 | Funding round | $6.5M | - | - |
| 2004 | Funding round | $1.2M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 31 employees (December 2024) | |
| 2024 | Reached 33 employees (October 2024) | |
| 2023 | Reached 33 employees (October 2023) | |
| 2022 | Reached 29 employees (October 2022) | |
| 2021 | Reached 28 employees (December 2021) | |
| 2021 | Reached 40 employees (April 2021) |
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