2024 Revenue
$96.2M(Est.)
Customers
150
Funding
$67.1M
Avg ACV
$641K
Team
339
Founded
2019
Tropic Revenue & Funding (2024)
Tropic generated an estimated $96.2M in annual revenue in 2024. Source: GetLatka estimate
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 February 2022 | Not recorded |
| 2021 | Tropic Hit $1.7m revenue in April 2021 | Not recorded |
| 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 | - | - | Not recorded |
| 2021 | Series A | $25M | - | - | Not recorded |
| 2020 | Seed | $2.1M | - | - | Not recorded |
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.
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) | Not recorded |
| 2024 | Reached 368 employees (March 2024) | Not recorded |
| 2023 | Reached 341 employees (November 2023) | Not recorded |
| 2023 | Reached 341 employees (September 2023) | Not recorded |
| 2023 | Reached 241 employees (July 2023) | Not recorded |
| 2023 | Reached 245 employees (January 2023) | Not recorded |
| 2022 | Reached 76 employees (November 2022) | Not recorded |
| 2022 | Reached 76 employees (February 2022) | Not recorded |
| 2022 | Reached 170 employees (January 2022) | Not recorded |
| 2021 | Reached 45 employees (November 2021) | Not recorded |
| 2021 | Reached 45 employees (August 2021) | Not recorded |
| 2021 | Reached 20 employees (April 2021) | Not recorded |
| 2020 | Reached 23 employees (November 2020) | Not recorded |
Frequently Asked Questions about Tropic
What is Tropic's revenue?
As of 2024, Tropic generated 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?
As of 2024, Tropic had 339 employees.
Where is Tropic headquartered?
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.
Claim this profilePeople Also Viewed
BluPine Energy
BluPine Energy is an emerging renewable energy company dedicated to sustainable practices and...
YPrime
yprime.com is a company that provides data management solutions for the life sciences industry...
Arcserve
Arcserve provides exceptional solutions to protect the priceless digital assets of organizations in...
Pristyn Care
Co-founded by Harsimarbir (Harsh) Singh, Dr. Vaibhav Kapoor, and Dr. Garima Sawhney in August 2018...
Divergent 3D
Divergent Technologies, Inc. designs a complete software hardware solution to replace traditional...
Nextlane
Nextlane is the leading automotive business ecosystem in Europe, secure, open and smart. We provide...
