About Tropic
Tropic is a Technology company based in New York (United States) founded in 2020 by Justin Etkin and David Campbell. Cloud-based procurement management solutions are offered for multiple industries. It operates on a SaaS (Software-as-a-Service) and Managed Services model. Tropic has raised $67.1 million across 3 funding rounds from investors including Canaan, Insight Partners and Founder Collective. Its chief executive, as recorded, is David Campbell. Its website tropicapp.io draws about 47 thousand monthly visits. Tropic offers products and services including Tropic AI Spend Management Platform, Compliance Copilot, and Negotiation Navigator. Its focus areas include Software and SaaS Solutions. Its legal entity is Tropic Technologies. Its competitors include Coupa, Airbase and Ivalua; 3 of its 3 listed competitors have raised funding.
Company details
Tropic Technologies is engaged in delivering intelligent spend management solutions via an AI-powered platform. The company operates in the technology sector, focusing on SaaS solutions for procurement orchestration. Services include spend intelligence, supplier insights, contract management, and workflow automation. Integration with over 75 systems is supported to unify supplier data and enhance strategic decision-making. Tools like Compliance Copilot and Negotiation Navigator are offered to ensure policy adherence and optimize deal negotiations. The platform targets finance, procurement, IT, and accounting personas, addressing use cases such as cost savings, supplier risk, and spend compliance.
- Headquarters New York, United States
- Founders Justin Etkin, David Campbell
- SectorsTechnology
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Website tropicapp.io
- Social LinkedIn X Facebook YouTube
- Legal Name Tropic Technologies
- Total Equity Funding$67.1M (USD)
in 3 rounds
- Latest Funding Round$40M (USD), Series B
Feb 2022
- InvestorsCanaan
& 11 more
Products & Services of Tropic
Tropic offers a comprehensive portfolio of products and services, including Tropic AI Spend Management Platform, Compliance Copilot, and Negotiation Navigator.
Spend management is facilitated through AI-driven procurement solutions.
Policy compliance is ensured by automating purchase reviews.
Negotiation insights are provided for securing better deals.
Apps and channels of Tropic
its YouTube channel Tropic has 97 subscribers and 18 videos.
Videos from Tropic
The most watched videos on Tropic's YouTube channel, Tropic (97 subscribers). Click a video to play it here.
More on Tropic .
Funding Insights of Tropic
Tropic has successfully raised a total of $67.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $40 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $67.1M
- Total Rounds 3
- Last Round Series B — $40M
- First Round $2.1M
(Apr 2020)
- Investors Count 12
All 3 funding rounds of Tropic with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $40M | Series B | – | Insight Partners | – |
| Aug 2021 | $25M | Series A | – | Canaan | |
| Apr 2020 | $2.1M | Seed | – | Founder Collective |
12 investors in total: 6 institutional and 6 angel.
Investors in Tropic
Tropic has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Canaan, Insight Partners and Founder Collective.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Canaan is recognized as an early-stage venture capital firm. | 1987 | canaan.com | San Francisco, United States | |
Venture capital firm focused on tech sectors | foundercollective.com | Cambridge, United States | ||
Early-stage venture capital investments are made by Shine Capital. | shine.vc | New York, United States | ||
Mischief is recognized as a venture firm investing in software. | mischief.xyz | San Francisco, United States | ||
| companyventures.co | ||||
ZP Zach Perret | CEO of Plaid, fintech innovator, active angel investor in tech startups. | unknown_417b0b13dd47474a9 | ||
NT Nat Turner | Co-founder of Flatiron Health, active angel investor in health tech. | unknown_dca269bcfa534a9fa | ||
ZW Zach Weinberg | Co-founder of Flatiron Health, angel investor in health tech and AI startups. | unknown_c2de5dcfb53443319 | ||
SB Scott Belsky | Entrepreneur, investor, Adobe executive, and founder of Behance. | unknown_4e43ed80e9404a3a8 |
Investor details for Tropic
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Tropic
60 people are tracked at Tropic (17 in leadership, 43 in team).
| Name | Role | Group |
|---|---|---|
Justin Etkin | Co-Founder & COO | Leadership |
David Campbell | Co-Founder & CEO | Leadership |
Nathan Verni | CTO | Leadership |
Jennifer Chan | Director Of Growth Marketing | Leadership |
Sam Hanna V | Head Of Information Security | Leadership |
Matthew Thompson | Senior Director Of Engineering | Leadership |
Michael Shields | Vice President Of Procurement | Leadership |
Szymon Kurcab | Head Of Engineering Operations And Tropic AI Lab | Leadership |
Liesl Geier | CMO | Leadership |
Matthew Levantin | Senior Director Of Strategy And Operations | Leadership |
Joseph Jones | Director Of Accounting | Leadership |
Jacob Leichtman | Senior Director, Procurement Services | Leadership |
Bruno Buccolo | Director Of Engineering | Leadership |
Russell Lester | President | Leadership |
Madeleine Fitzgerald | Director Of Account Management | Leadership |
Suzanne Gedney-James | Head Of User Support Operations | Leadership |
Jordana Greenberg | VP Of Sales | Leadership |
Mary Donkel | sales development manager | Team |
Samantha Lazuka | Account Executive | Team |
Kelsey Cox | Senior Customer Success Manager | Team |
40 more people are available in the full profile.
Complete people profiles for Tropic
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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Timeline of Tropic
3 dated milestones of Tropic across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Tropic is founded.
- Funding First funding round of $2.1M.
- Funding Latest funding round, Series B, of $40.0M.
Competitors of Tropic
Tropic has 3 listed competitors in our database, 3 of them funded. They include Coupa, Airbase and Ivalua.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. |
Detailed competitors of Tropic
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Tropic
The website of Tropic (tropicapp.io) receives about 47.1K visits a month and ranks #388,740 among all websites worldwide, #2,950 in Business Services.
- Monthly visits47.1K
▼ 16.4% vs previous month
- Unique visitors11.1K
per month
- Global rank#388,740
among all websites
- Category rank#2,950
Business and Consumer Services · Business Services
- Bounce rate21%
- Pages per visit9.9
- Average visit9 min 09 sec
- DevicesDesktop 71% · Mobile 30%
Websites whose visitors overlap most with Tropic. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
precoro.com | precoro.com | 100% | #305,622 | – | |
| procurify.com | 97% | 147.3K | #195,444 | View details | |
| inven.ai | 97% | 118.9K | #266,248 | View details | |
| spendmatters.com | 91% | 30.6K | #969,184 | View details | |
sig.org | sig.org | 91% | #1,763,466 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Tropic
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Tropic (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Tropic
Complete news archive for Tropic
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Frequently Asked Questions about Tropic
Tropic was founded in 2020.
Tropic is headquartered in New York, United States. It is registered at New York, New York, United States.
David Campbell is the CEO of Tropic, as recorded in our data. They have also founded this company.
Tropic is a funded company, having raised a total of $67.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Apr 2020.
Tropic Technologies is engaged in delivering intelligent spend management solutions via an AI-powered platform. The company operates in the technology sector, focusing on SaaS solutions for procurement orchestration. Services include spend intelligence, supplier insights, contract management, and workflow automation. Integration with over 75 systems is supported to unify supplier data and enhance strategic decision-making. Tools like Compliance Copilot and Negotiation Navigator are offered to ensure policy adherence and optimize deal negotiations. The platform targets finance, procurement, IT, and accounting personas, addressing use cases such as cost savings, supplier risk, and spend compliance.
Tropic offers Tropic AI Spend Management Platform, Compliance Copilot, and Negotiation Navigator.
Tropic has 12 investors. Key investors include Canaan, Insight Partners, Founder Collective, Shine Capital, and Mischief.
Tropic operates through Tropic Technologies.