Valuation
$3.1M
2024 Revenue
$5.2M
Funding
$977.3K
YOY
50.6%
Team
24
Founded
2007
How Versasec CEO Joakim Thorén grew 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
CEO
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 an estimated $5.2M in annual 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 across 3 rounds.
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.
Claim this profilePeople Also Viewed
SPOT
Provider of a cloud based measurement software designed to make cloud computing more accessible and practical through simplicity and technical resources driven by the community. The company's cloud based measurement software uses artificial intelligence and machine learning to capture and analyze the data of the real world through video to predict and establish more precise marketing strategies, enabling businesses to optimize processes and gain competitive advantage.
Tactile Mobility (formerly MobiWize)
Provider of a device sensing platform intended to transform the mobility industry. The company's platform comprises of two advanced software modules that can be provided as standalone or combined together to gather signal processing data, enabling clients to avail safer, efficient and enjoyable driving experience.
Tauri
Developer of a cloud based cyber security platform designed to provide effective and secure services to business across all places. The company's cyber security platform stores and safeguards confidential and classified information from threats and enables only the sender and recipient have access to encryption keys that are used to open communications and other files through web browsers, mobile phones, Windows and Mac, enabling organizations to handle communication, scheduling and file management in a secured way.
Spaceflow
Spaceflow is your building in one app: a tenant experience solution that boosts buildings and spaces of all types.
Tagmarshal
Developer of a pace of play golf management software designed to control the pace of play and unlocks revenues. The company's pace of play golf management software provides a tool set, each four-ball is equipped with a matchbox sized tracking device that collects and communicates real-time positional updates as the action unfolds, focuses on managing pace of play, reducing average round times and numbers of slow rounds enabling course operators, managements and marshals to ensure a high quality outing for members and guests alike through the application of its state of the art pace of play alert algorithm.
Synnefa
SaaS Agtech making complex farming feel simple by providing an online farm record keeping dashboard integrated with AI powered IoT devices.
