About Tropic
Tropic is a company based in New York (United States) founded in 2020 by Justin Etkin and David Campbell. It operates as a SaaS (Software-as-a-Service) and Managed Services. Tropic has raised $67.1 million across 3 funding rounds from investors including Canaan, Insight Partners and Founder Collective. Tropic offers products and services including Tropic AI Spend Management Platform, Compliance Copilot, and Negotiation Navigator. Tropic operates in a competitive market with competitors including Coupa, Airbase, Bizongo, Procurify and Ivalua, among others.
- Headquarter New York, United States
- Founders Justin Etkin, David Campbell
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Tropic Technologies
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$67.1 M (USD)
in 3 rounds
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Latest Funding Round
$40 M (USD), Series B
Feb 15, 2022
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Investors
Canaan
& 11 more
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Employee Count
Not available
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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.
People of Tropic
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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.
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.
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Investment firm scaling software and technology companies from early to late stages.
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Canaan is recognized as an early-stage venture capital firm.
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Venture capital firm focused on tech sectors
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Investor details for Tropic
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Investments & Acquisitions by Tropic
Investment portfolio details for Tropic
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Financial Statements - Tropic
Detailed financials for Tropic
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Tropic Comparisons
Peer comparison for Tropic
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Competitors of Tropic
Tropic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coupa, Airbase, Bizongo, Procurify and Ivalua, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based end-to-end spend management software is delivered for businesses.
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Procure-to-pay management software is offered for business operations.
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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SaaS spend management software is used to automate procure-to-pay operations.
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Procurement management solutions are delivered for business operations.
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An AI-based platform for global sourcing and outsourcing is offered.
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Detailed competitors of Tropic
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Latest news on 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 current CEO of Tropic. They have also founded this company.
Tropic is a funded company, having raised a total of $67.1M across 3 funding rounds to date.
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.