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How Mapon grew Mapon to $16.2M revenue with a 147 person team in 2025.

Mapon is one of the leading fleet management and asset tracking solution providers in Northern Europe. We develop professional solutions to meet our clients' and partners' business needs, regardless of their field of business and fleet size. The Mapon platform includes GPS and asset tracking, video telematics, fuel control, remote tachograph data management, temperature monitoring, driving behaviour monitoring, digital vehicle inspections, fleet security, and other solutions. A variety of integrations are available to help companies automate their fleet management and other business processes. Our global team works in our headquarters in Riga, Latvia, and offices in Estonia, Lithuania, Finland, Sweden, Denmark, and Spain to provide local support to all our clients and partners. Mapon is also part of the Draugiem Group – the largest IT group in Latvia. We always strive to bring the best technology and solutions to our clients and partners both in terms of software and hardware. In 18 years in the telematics business, we've built a strong partner network and are now represented on six continents. Because of our business partners, we've been able to track billions of kilometres and serve more than 30 000 clients with over 285 000 tracking devices connected to our platform. We're constantly growing and improving our services to raise the efficiency and safety of business fleets worldwide. If you're looking for a trusted telematics partner, feel free to reach out and set up a call with one of our team members!

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Mapon Revenue

In 2025, Mapon's revenue reached $16.2M. Since its launch in 2006, Mapon has shown consistent revenue growth.

Mapon Revenue GrowthReported revenue / ARR by year$0$4M$8M$12M$16M$20M20062008201020122014201620182020202220242025$0$16MSource: GetLatka.com
YearMilestone
2025Mapon Hit $16.2m revenue in September 2025
2006Launched with $0 revenue

Mapon Valuation, Funding Rounds

Mapon's most recent disclosed valuation is $48.5M.

Mapon is a bootstrapped IoT Platforms startup. Founded in 2006, Mapon has grown to $16.2M in revenue without raising any venture capital or outside funding.

As a self-funded IoT Platforms SaaS company, Mapon has built its business with no outside investment.

Mapon Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120062006 cumulative: $0 • 2006 Founded: $02006 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

Mapon Employees & Team Size

Mapon employs approximately 147 people as of 2026.

Mapon has 147 total employees in different roles and functions.

Mapon Team GrowthReported headcount over time040801201602006200820102012201420162018202020222024202500147147Source: GetLatka.com
YearMilestone
2025Reached 147 employees (September 2025)

Customers

We do not have customer count information for Mapon yet.

Frequently Asked Questions about Mapon

What is Mapon's revenue?

Mapon generates $16.2M in revenue.

How much funding does Mapon have?

Mapon raised $0.

How many employees does Mapon have?

Mapon has 147 employees.

Where is Mapon headquarters?

Mapon is headquartered in United States.

Compare Mapon to the industry

Mapon operates across multiple industries. Browse revenue, funding, and growth data for Mapon 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 .

Mapon Revenue 2025: $16.2M ARR, $48.5M Valuation