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How Tugboat grew to $1.2M revenue with a 9 person team in 2024.

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Tugboat Revenue

In 2024, Tugboat's revenue reached $1.2M. The company previously reported $936K in 2023. Since its launch in 2015, Tugboat has shown consistent revenue growth.

Tugboat Revenue GrowthReported revenue / ARR over time$0$300K$600K$900K$1.2M$1.5M201520172019202120232024$0$270K$936K$1.2MSource: GetLatka.com
YearMilestoneQuote
2024Tugboat Hit $1.2m revenue in October 2024
2023Tugboat Hit $936k revenue in December 2023
2020Tugboat Hit $270k revenue in September 2020
2015Launched with $0 revenue

Tugboat Valuation, Funding Rounds

Tugboat has not publicly disclosed its valuation. The company has raised $1M in total funding to date.

Tugboat has raised $1M in total funding across 1 round, with its most recent round in 2020.

Tugboat Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$0.2$250K$0.4$500K$0.6$750K$0.8$1M$1$1.3M201520162017201820192020Source: GetLatka.com
YearRoundAmountValuation% SoldQuote
2020Funding round$1M--

Founder / CEO

We don't have Tugboat's Founder / CEO on record yet.

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Customers

We do not have customer count information for Tugboat yet.

Tugboat Employees & Team Size

Tugboat employs approximately 9 people as of 2026, up from 8 in 2023.

Tugboat Team GrowthReported headcount over time02468102015201720192021202320240099Source: GetLatka.com
YearMilestone
2024Reached 9 employees (October 2024)
2023Reached 8 employees (December 2023)
2022Reached 7 employees (December 2022)
2021Reached 7 employees (December 2021)
2020Reached 3 employees (September 2020)

Frequently Asked Questions about Tugboat

What is Tugboat's revenue?

Tugboat generates an estimated $1.2M in annual revenue.

How much funding does Tugboat have?

Tugboat raised $1M across 1 round.

How many employees does Tugboat have?

Tugboat has 9 employees.

Where is Tugboat headquarters?

Tugboat is headquartered in Providence, Rhode Island, United States.

Compare Tugboat to the industry

Tugboat operates across multiple industries. Browse revenue, funding, and growth data for Tugboat 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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Tugboat Revenue 2024: $1.2M ARR, $1M Raised