Verizon Connect
Valuation
$776.9M
2024 Revenue
$134.8B
Customers
146M
Funding
$0
YOY
0.6%
Avg ACV
$923
Team
99.6K
Profits
$1
How Verizon Connect CEO Peter Mitchell grew Verizon Connect to $134.8B revenue and 146M customers in 2024.
Verizon Connect is a fleet management software and telematics technology company based in Atlanta, Georgia. The company provides a range of solutions to help businesses manage their mobile workforces, including GPS fleet tracking, mobile workforce management, and field service management software. Verizon Connect was created in 2018 when Verizon Communications merged its Verizon Telematics division with Fleetmatics Group and Telogis.
Last updated
Verizon Connect Revenue
In 2024, Verizon Connect's revenue reached $134.8B. The company previously reported $134B in 2023. Since its launch in 2004, Verizon Connect has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Verizon Connect Hit $134.8b revenue in December 2024 | |
| 2023 | Verizon Connect Hit $134b revenue in December 2023 | |
| 2022 | Verizon Connect Hit $136.8b revenue in December 2022 | |
| 2004 | Launched with $0 revenue |
Verizon Connect Valuation, Funding Rounds
Verizon Connect's most recent disclosed valuation is $776.9M.
Verizon Connect is a bootstrapped Connected Worker Platforms startup. Founded in 2004, Verizon Connect has grown to $134.8B in revenue without raising any venture capital or outside funding.
As a self-funded Connected Worker Platforms SaaS company, Verizon Connect has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Verizon Connect Employees & Team Size
Verizon Connect employs approximately 99.6K people as of 2026. It serves 146M customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 99.6K employees (December 2024) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Verizon Connect 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 Verizon Connect
What is Verizon Connect's revenue?
Verizon Connect generates $134.8B in revenue.
Who founded Verizon Connect?
Verizon Connect was founded by Peter Mitchell.
Who is the CEO of Verizon Connect?
The CEO of Verizon Connect is Peter Mitchell.
How much funding does Verizon Connect have?
Verizon Connect raised $0.
How many employees does Verizon Connect have?
Verizon Connect has 99.6K employees.
Where is Verizon Connect headquarters?
Verizon Connect is headquartered in Atlanta, Georgia, United States.
Compare Verizon Connect to the industry
Verizon Connect operates across multiple industries. Browse revenue, funding, and growth data for Verizon Connect 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 .
Data Disclaimer
All figures on this page are GetLatka estimates from public sources and proprietary models. They are not verified by the company.
Not financial advice. Read full disclaimer.
Claim this profile