Tropic Raises $40M Series B With Insight Partners To Replace Legacy Software Procurement Platforms
Amount Raised
$40 Million
Round Type
Series B
New YorkInformation TechnologySoftwareConsumer Goodsinformation technology & servicesDescription
Tropic, the cutting-edge SaaS software procurement platform, today announced that it has raised $40 million in a Series B round led by New York-based global private equity and venture capital firm Insight Partners. The company has now raised a total of $65 million since August 2021. Tropic will use the proceeds to further fuel its exponential growth, [expand its global footprint], build its team and launch four new software modules in the next two quarters, solidifying its differentiation, as the only end-to-end solution to the SaaS problem. Over the past four months, Tropic had more than doubled its revenue and added customers like Notion, Nextdoor, Faire, and Flatiron Health to its roster of leading brands.
Quick answer
Tropic Purchaser raised $40 Million in a Series B round, dated February 15, 2022. Tropic Purchaser is based in New York, New York, United States.
- How much did Tropic Purchaser raise?
- Tropic Purchaser raised $40 Million in a Series B round on February 15, 2022.
- What does Tropic Purchaser do?
- Tropic Purchaser LLC is a limited liability company formed for the purpose of acquiring companies and assets.
- Where is Tropic Purchaser based and how big is it?
- Tropic Purchaser is based in New York, New York, United States. Fundz records about 330 employees.
- Who are the decision-makers at Tropic Purchaser?
- Fundz holds 4 contacts at Tropic Purchaser, including the CEO & Co-Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Consumer Goods and information technology & services around the same time
Companies in the same sectors as Tropic Purchaser that raised within 45 days of this round, from Fundz verified event records.
Who to call at Tropic Purchaser, and when
A new round usually means Tropic Purchaser is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Tropic Purchaser raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tropic Purchaser, from your own LinkedIn network
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What this usually meansTropic Purchaser raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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