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Developer of a tool and materials management service platform designed to be used for asset tracking and inventory management. The company's platform provides an application for management systems that track and manage resources throughout an entire construction organization, enabling organizations of the construction industry to secure storing critical information about all assets in one centralized database.
Last updated
In 2024, Toolwatch's revenue reached $3.8M. The company previously reported $2.5M in 2023. Since its launch in 1991, Toolwatch has shown consistent revenue growth.
Toolwatch has not publicly disclosed its valuation. The company has raised $1.2M in total funding to date.
Toolwatch has raised $1.2M in total funding across 1 round, with its most recent round in 2003.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2003 | Funding round | $1.2M | - | - |
CEO
Don Kafka is the Founder and CEO of ToolWatch Corporation. Kafka founded ToolWatch in 1991 with a vision to create the construction industry's first and most comprehensive system for tracking and managing a company's tools and equipment. Under his leadership, ToolWatch has rapidly grown to become the world's leading provider of construction resource management solutions. Specialties: Tools and equipment management software and technology for construction, utilities, municipalities, etc.
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Toolwatch serves 4K customers.
Toolwatch employs approximately 83 people as of 2026, up from 66 in 2023, including 7 sales reps that carry a quota. It serves 4K customers that rely on its solutions.
Toolwatch generates an estimated $3.8M in annual revenue.
Toolwatch was founded by Don Kafka.
The CEO of Toolwatch is Don Kafka.
Toolwatch raised $1.2M across 1 round.
Toolwatch has 83 employees.
Toolwatch is headquartered in Englewood, Colorado, United States.
Toolwatch operates across multiple industries. Browse revenue, funding, and growth data for Toolwatch 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
$3.8M(Est.)
Customers
4K
Funding
$1.2M
Avg ACV
$962
Team
83
Founded
1991
| Year | Milestone | Source |
|---|---|---|
| 2024 | Toolwatch Hit $3.8m revenue in October 2024 | Estimated |
| 2023 | Toolwatch Hit $2.5m revenue in December 2023 | Estimated |
| 2021 | Toolwatch Hit $1.4m revenue in April 2021 | |
| 1991 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 83 employees (October 2024) | |
| 2023 | Reached 66 employees (December 2023) | |
| 2022 | Reached 65 employees (December 2022) | |
| 2021 | Reached 43 employees (December 2021) | |
| 2021 | Reached 33 employees (April 2021) |
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