2024 Revenue
$5.2M
Funding
$424.3M
YOY
47.8%
Team
31
Founded
2002
How KoolSpan CEO Nigel Jones grew to $5.2M revenue with a 31 person team in 2024.
Provider of mobile security encryption services. The company manufactures the TrustChip, a microSD card that enables drop-in, secure connectivity services to mobile devices.
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KoolSpan Revenue
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | KoolSpan Hit $5.2m revenue in October 2024 | |
| 2023 | KoolSpan Hit $3.5m revenue in October 2023 | |
| 2021 | KoolSpan Hit $2.5m revenue in April 2021 | |
| 2002 | Launched with $0 revenue |
KoolSpan Valuation, Funding Rounds
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 | Quote |
|---|---|---|---|---|---|
| 2011 | Funding round | $400M | - | - | |
| 2010 | Funding round | $9.5M | - | - | |
| 2008 | Funding round | $7.1M | - | - | |
| 2006 | Funding round | $6.5M | - | - | |
| 2004 | Funding round | $1.2M | - | - |
Founder / CEO
Nigel Jones
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
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| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for KoolSpan yet.
KoolSpan Employees & Team Size
KoolSpan employs approximately 31 people as of 2026, down from 33 in 2023, including 3 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 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) |
Frequently Asked Questions about KoolSpan
What is KoolSpan's revenue?
KoolSpan generates $5.2M in revenue.
Who founded KoolSpan?
KoolSpan was founded by Nigel Jones.
Who is the CEO of KoolSpan?
The CEO of KoolSpan is Nigel Jones.
How much funding does KoolSpan have?
KoolSpan raised $424.3M.
How many employees does KoolSpan have?
KoolSpan has 31 employees.
Where is KoolSpan headquarters?
KoolSpan is headquartered in Germantown, Maryland, United States.
Compare KoolSpan to the industry
KoolSpan operates across multiple industries. Browse revenue, funding, and growth data for KoolSpan 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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