2024 Revenue
$3.8M
Customers
4K
Funding
$1.2M
YOY
52.7%
Avg ACV
$962
Team
83
Founded
1991
How Toolwatch CEO Don Kafka grew to $3.8M revenue and 4K customers in 2024.
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
Toolwatch Revenue
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Toolwatch Hit $3.8m revenue in October 2024 | |
| 2023 | Toolwatch Hit $2.5m revenue in December 2023 | |
| 2021 | Toolwatch Hit $1.4m revenue in April 2021 | |
| 1991 | Launched with $0 revenue |
Toolwatch Valuation, Funding Rounds
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 | Quote |
|---|---|---|---|---|---|
| 2003 | Funding round | $1.2M | - | - |
Founder / CEO
Don Kafka
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Toolwatch serves 4K customers.
Toolwatch Employees & Team Size
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.
| Year | Milestone |
|---|---|
| 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) |
Frequently Asked Questions about Toolwatch
What is Toolwatch's revenue?
Toolwatch generates an estimated $3.8M in annual revenue.
Who founded Toolwatch?
Toolwatch was founded by Don Kafka.
Who is the CEO of Toolwatch?
The CEO of Toolwatch is Don Kafka.
How much funding does Toolwatch have?
Toolwatch raised $1.2M across 1 round.
How many employees does Toolwatch have?
Toolwatch has 83 employees.
Where is Toolwatch headquarters?
Toolwatch is headquartered in Englewood, Colorado, United States.
Compare Toolwatch to the industry
Toolwatch operates across multiple industries. Browse revenue, funding, and growth data for Toolwatch 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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