2024 Revenue
$96.2M(Est.)
Customers
150
Funding
$67.1M
Avg ACV
$641K
Team
339
Founded
2019
Tropic Revenue & Funding (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 | Source |
|---|---|---|
| 2024 | Tropic Hit $96.2m revenue in October 2024 | Estimated |
| 2023 | Tropic Hit $50.7m revenue in November 2023 | Estimated |
| 2022 | Tropic Hit $9.1m revenue in November 2022 | |
| 2021 | Tropic Hit $1.7m revenue in November 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 | Source |
|---|---|---|---|---|---|
| 2022 | Series B | $40M | - | - | |
| 2021 | Series A | $25M | - | - | |
| 2020 | Seed Round | $2.1M | - | - |
Founder / CEO
David Campbell
CEO
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
Tropic serves 150 customers.
Tropic Employees & Team Size
Tropic employs approximately 339 people as of 2026, down from 341 in 2023, including 63 sales reps that carry a quota. It serves 150 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 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) |
Frequently Asked Questions about Tropic
What is Tropic's revenue?
Tropic generates an estimated $96.2M in annual 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 across 3 rounds.
How many employees does Tropic have?
Tropic has 339 employees.
Where is Tropic headquarters?
Tropic is headquartered in New York, New York, United States.
Compare Tropic to the industry
Tropic operates across multiple industries. Browse revenue, funding, and growth data for Tropic 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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