2024 Revenue
$21.1M
Customers
55M
Funding
$0
YOY
26.5%
Avg ACV
$0
Team
532
Founded
1995
How Qvantel CEO Matti Roto grew Qvantel to $21.1M revenue and 55M customers in 2024.
Developer of mobile network management software intended to help telecom operators run their business efficiently for maximum profit and minimal maintenance. The company provides cloud-based, business support systems (BSS) and IT consulting services to the telecommunications industry. It offers customer management services, product management services, revenue management services for billing and monetization management. It also offers business-to-business (B2B) sales customer relationship management (CRM), prepaid integration, credit scoring and sales-force management tools.
Last updated
Qvantel Revenue
In 2024, Qvantel's revenue reached $21.1M. The company previously reported $16.7M in 2023. Since its launch in 1995, Qvantel has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Qvantel Hit $21.1m revenue in October 2024 | |
| 2023 | Qvantel Hit $16.7m revenue in December 2023 | |
| 2021 | Qvantel Hit $16.7m revenue in April 2021 | |
| 1995 | Launched with $0 revenue |
Qvantel Valuation, Funding Rounds
Qvantel is a bootstrapped Other Vertical Industry Software startup. Founded in 1995, Qvantel has grown to $21.1M in revenue without raising any venture capital or outside funding.
As a self-funded Other Vertical Industry Software SaaS company, Qvantel has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Qvantel serves 55M customers.
Qvantel Employees & Team Size
Qvantel employs approximately 532 people as of 2026, down from 548 in 2023, including 10 sales reps that carry a quota. It serves 55M customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 532 employees (December 2024) |
| 2024 | Reached 548 employees (October 2024) |
| 2023 | Reached 548 employees (December 2023) |
| 2023 | Reached 548 employees (July 2023) |
| 2022 | Reached 560 employees (December 2022) |
| 2021 | Reached 659 employees (December 2021) |
| 2021 | Reached 750 employees (April 2021) |
Frequently Asked Questions about Qvantel
What is Qvantel's revenue?
Qvantel generates $21.1M in revenue.
Who founded Qvantel?
Qvantel was founded by Matti Roto.
Who is the CEO of Qvantel?
The CEO of Qvantel is Matti Roto.
How much funding does Qvantel have?
Qvantel raised $0.
How many employees does Qvantel have?
Qvantel has 532 employees.
Where is Qvantel headquarters?
Qvantel is headquartered in Helsinki, Finland.
Compare Qvantel to the industry
Qvantel operates across multiple industries. Browse revenue, funding, and growth data for Qvantel 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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