Tropic
2024 Revenue
$96.2M
Customers
150
Funding
$67.1M
YOY
89.8%
Avg ACV
$641K
Team
339
Founded
2019
How Tropic CEO David Campbell grew Tropic to $96.2M revenue and 150 customers in 2024.
Tropic is a project management and team collaboration tool designed for remote teams. The platform offers a range of features, including task management, time tracking, team messaging, file sharing, and more. Tropic aims to improve productivity and streamline communication for remote teams by providing a central hub for all team-related activities. The platform also offers integrations with other popular tools, such as Google Drive and Trello, to further enhance its functionality. Tropic is based in New York and was founded in 2020.
Last updated
Tropic Revenue
In 2024, Tropic's revenue reached $96.2M. The company previously reported $50.7M in 2023. Since its launch in 2019, Tropic has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Tropic Hit $96.2m revenue in October 2024 |
| 2023 | Tropic Hit $50.7m revenue in November 2023 |
| 2022 | Tropic Hit $9.1m revenue in November 2022 |
| 2022 | Tropic Hit $9.1m revenue in February 2022 |
| 2021 | Tropic Hit $1.7m revenue in November 2021 |
| 2021 | Tropic Hit $1.7m revenue in April 2021 |
| 2019 | Launched with $0 revenue |
Tropic Valuation, Funding Rounds
Tropic has not publicly disclosed its valuation. The company has raised $67.1M in total funding to date.
Tropic has raised $67.1M in total funding across 3 rounds, most recently a $40M Series B round in 2022.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2022 | Series B | $40M | - | - |
| 2021 | Series A | $25M | - | - |
| 2020 | Seed Round | $2.1M | - | - |
Tropic Employees & Team Size
Tropic employs approximately 339 people as of 2026, down from 341 in 2023.
Tropic has 339 total employees in different roles and functions and 63 sales reps that carry a quota. They have 150 customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 339 employees (December 2024) |
| 2024 | Reached 368 employees (March 2024) |
| 2023 | Reached 341 employees (November 2023) |
| 2023 | Reached 341 employees (September 2023) |
| 2023 | Reached 241 employees (July 2023) |
| 2023 | Reached 245 employees (January 2023) |
| 2022 | Reached 76 employees (November 2022) |
| 2022 | Reached 76 employees (February 2022) |
| 2022 | Reached 170 employees (January 2022) |
| 2021 | Reached 45 employees (November 2021) |
| 2021 | Reached 45 employees (August 2021) |
| 2021 | Reached 20 employees (April 2021) |
| 2020 | Reached 23 employees (November 2020) |
Founder / CEO
David Campbell
CEO and Co-Founder at Tropic. It's never been harder to buy software than it is now. The purchasing process is manual and time-consuming for both sides. Tropic provides data, tools and services to automate SaaS procurement for tech-forward companies.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Tropic acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Tropic
What is Tropic's revenue?
Tropic generates $96.2M in revenue.
Who founded Tropic?
Tropic was founded by David Campbell.
Who is the CEO of Tropic?
The CEO of Tropic is David Campbell.
How much funding does Tropic have?
Tropic raised $67.1M.
How many employees does Tropic have?
Tropic has 339 employees.
Where is Tropic headquarters?
Tropic is headquartered in New York, New York, United States.
People Also Viewed
YPrime
yprime.com is a company that provides data management solutions for the life sciences industry. Their platform helps organizations collect, analyze, and manage clinical trial data more efficiently. They offer a range of products and services that support various aspects of clinical research, including electronic data capture, patient recruitment, and regulatory compliance.
BluPine Energy
BluPine Energy is an emerging renewable energy company dedicated to sustainable practices and reducing carbon emissions. It provides low-carbon solutions, develops solar, wind, and storage assets, and aims to be a leader in clean energy.
Arcserve
Arcserve provides exceptional solutions to protect the priceless digital assets of organizations in need of full scale, comprehensive data and ransomware protection. Established in 1983, Arcserve is the world’s most experienced provider of business continuity solutions that safeguard multi-generational IT infrastructures with applications and systems in any location, on premises and in the cloud. Organizations in over 150 countries around the world rely on Arcserve’s highly efficient, integrated technologies and expertise to eliminate the risk of data loss and extended downtime while reducing the cost and complexity of backing up and restoring data by up to 50 percent. Arcserve is headquartered in Minneapolis, Minnesota with locations around the world.
Divergent 3D
Divergent Technologies, Inc. designs a complete software hardware solution to replace traditional vehicle manufacturing, developing an end-to-end digital production system to reform industrial-scale manufacturing.
Pristyn Care
Co-founded by Harsimarbir (Harsh) Singh, Dr. Vaibhav Kapoor, and Dr. Garima Sawhney in August 2018, Pristyn Care (pristyncare.com) is a leader in Secondary Care Surgeries. The company has a team of 400+ expert surgeons, performing advanced surgeries for over 50+ diseases using the latest advanced medical technology such as Laser, Laparoscopy, Microdebriders, Lasik, etc. across 800+ Surgical Centres. It is present in 40 cities and towns viz. Agra, Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Coimbatore, among others. Pristyn Care has differentiated itself by ensuring a 24/7 Personal Care Buddy is allotted to every patient. This coordinator ensures A to Z of surgery - allocating the right doctor to patient, diagnostics, remote insurance clearance, admission & discharge formalities, cab pick-up & drop, free meals for the attendant, patient financing (EMI) and free post-surgery follow-up - is taken care of. This ensures patients & their family members focus on recovery rather than running around.
Nextlane
Nextlane is the leading automotive business ecosystem in Europe, secure, open and smart. We provide cutting-edge software solutions that empower dealers and manufacturers to drive business growth and elevate the customer experience. Our comprehensive suite covers every aspect of the automotive retail process, from vehicle inventory management to after-sales services, accounting, and invoicing. With over 700 employees across 11 countries, Nextlane is dedicated to digitizing and simplifying the entire automotive journey. Our mission is to drive digital excellence in the industry by creating a reliable digital ecosystem.
Compare Tropic to the industry
Tropic operates across multiple industries. Browse revenue, funding, and growth data for Tropic 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 .