Mangrove Software
United States
Valuation
$4.5M
2021 Revenue
$1.5M
Funding
$0
Team
18
Founded
1994
How Mangrove Software CEO Richard Cangemi grew to $1.5M revenue with a 18 person team in 2021.
Provider of Human Capital Management software. The company develops, sells and implements human resource, payroll, benefits and talent management software.
Last updated
Mangrove Software Revenue
In 2021, Mangrove Software's revenue reached $1.5M. Since its launch in 1994, Mangrove Software has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2021 | Mangrove Software Hit $1.5m revenue in April 2021 | |
| 1994 | Launched with $0 revenue |
Mangrove Software Valuation, Funding Rounds
Mangrove Software's most recent disclosed valuation is $4.5M.
Mangrove Software is a bootstrapped HRMS & HCM Software startup. Founded in 1994, Mangrove Software has grown to $1.5M in revenue without raising any venture capital or outside funding.
As a self-funded HRMS & HCM Software SaaS company, Mangrove Software has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Richard Cangemi
Richard is the Chief Executive Guru of PeopleGuru. He co-founded PeopleGuru after 18 years as Chief Executive Officer of Mangrove Software. During his time at Mangrove Software, Richard grew it from a small software start-up into an industry leader in HR, Payroll, and Benefit Administration. Richard graduated from State University of New York witha Bachelor's of Science in Management Information Systems.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Mangrove Software yet.
Mangrove Software Employees & Team Size
Mangrove Software employs approximately 18 people as of 2026, including 6 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2021 | Reached 18 employees (April 2021) |
Frequently Asked Questions about Mangrove Software
What is Mangrove Software's revenue?
Mangrove Software generates $1.5M in revenue.
Who founded Mangrove Software?
Mangrove Software was founded by Richard Cangemi.
Who is the CEO of Mangrove Software?
The CEO of Mangrove Software is Richard Cangemi.
How much funding does Mangrove Software have?
Mangrove Software raised $0.
How many employees does Mangrove Software have?
Mangrove Software has 18 employees.
Where is Mangrove Software headquarters?
Mangrove Software is headquartered in United States.
Compare Mangrove Software to the industry
Mangrove Software operates across multiple industries. Browse revenue, funding, and growth data for Mangrove Software 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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