Valuation
$3.1M
2024 Revenue
$5.2M
Funding
$977.3K
YOY
50.6%
Team
24
Founded
2007
How Versasec CEO Joakim Thorén grew Versasec to $5.2M revenue with a 24 person team in 2024.
The leading provider of credential management systems for businesses of all sizes.
Last updated
Versasec Revenue
In 2024, Versasec's revenue reached $5.2M. The company previously reported $3.5M in 2023. Since its launch in 2007, Versasec has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Versasec Hit $5.2m revenue in October 2024 | |
| 2023 | Versasec Hit $3.5m revenue in December 2023 | |
| 2014 | Versasec Hit $2.4m revenue in April 2014 | |
| 2007 | Launched with $0 revenue |
Versasec Valuation, Funding Rounds
Versasec reached a $3.1M valuation in 2014, set during its Seed Round round.
Versasec has raised $977.3K in total funding across 3 rounds, most recently a $165.4K Seed Round round in 2014.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2014 | Seed Round | $165.4K | $3.1M | 5% | |
| 2012 | Seed Round | $179K | $2.4M | 7% | |
| 2011 | Seed Round | $632.8K | $1.7M | 37% |
Founder / CEO
Joakim Thorén
I’m a technologist at heart, trained as asoftware engineer and specialized in projects involving networking and security.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Versasec yet.
Versasec Employees & Team Size
Versasec employs approximately 24 people as of 2026, up from 23 in 2023.
| Year | Milestone |
|---|---|
| 2024 | Reached 24 employees (December 2024) |
| 2024 | Reached 24 employees (October 2024) |
| 2023 | Reached 23 employees (December 2023) |
| 2022 | Reached 26 employees (December 2022) |
| 2021 | Reached 26 employees (December 2021) |
| 2014 | Reached 24 employees (April 2014) |
Frequently Asked Questions about Versasec
What is Versasec's revenue?
Versasec generates $5.2M in revenue.
Who founded Versasec?
Versasec was founded by Joakim Thorén.
Who is the CEO of Versasec?
The CEO of Versasec is Joakim Thorén.
How much funding does Versasec have?
Versasec raised $977.3K.
How many employees does Versasec have?
Versasec has 24 employees.
Where is Versasec headquarters?
Versasec is headquartered in Stockholm, Sweden.
Compare Versasec to the industry
Versasec operates across multiple industries. Browse revenue, funding, and growth data for Versasec 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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