Tropic: Funding, Investors & Team (Sep 2026)
The average company is overspending on software by 25%, but it's usually impractical to build a SaaS procurement team. This drives disorganized contracts, high costs, and time lost negotiating with vendors. Tropic is a tech-enabled procurement service for startups. Experts in SaaS manage their contracts for them and work directly with your vendors on your behalf. By working with the same vendors repeatedly, they can drive better prices faster. Tropic gives back their SaaS overspending for less than the cost of an FTE. They contractually guarantee their savings. If they miss the mark, they will write a check.
Tropic has raised $67.1M across 3 funding rounds on record, the most recent a Series B of $40.0M announced in Feb 2022.
That round is above the $3.0M median round size for Sales and Marketing companies tracked on FundedIQ over the last two years.
Tropic Company Profile and Key Stats
Latest funding round on record: Feb 2022.
Tropic Funding Rounds
Tropic raised $2.1M in an undisclosed round announced in Apr 2020.
1.3 years later, a Series A of $25.0M was announced in Aug 2021.
6 months later, a Series B of $40.0M was announced in Feb 2022.
Tropic Founders and Leadership Team
Contact details for the Tropic team: 1 of 1 has an email address on file.
Start 14-day free trial →Tropic Funding Compared to Other Sales and Marketing Startups
Tropic's latest round of $40.0M is above the median round in Sales and Marketing. Medians cover the last 24 months of disclosed rounds.
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Tropic Funding FAQs
What does Tropic do?
The average company is overspending on software by 25%, but it's usually impractical to build a SaaS procurement team. This drives disorganized contracts, high costs, and time lost negotiating with vendors. Tropic is a tech-enabled procurement service for startups. Experts in SaaS manage their contracts for them and work directly with your vendors on your behalf. By working with the same vendors repeatedly, they can drive better prices faster. Tropic gives back their SaaS overspending for less than the cost of an FTE. They contractually guarantee their savings. If they miss the mark, they will write a check.
How much funding has Tropic raised?
Tropic has raised $67.1M across 3 rounds on record. The most recent is a Series B of $40.0M announced in Feb 2022.
When did Tropic last raise funding?
Tropic's most recent funding round on record is a Series B of $40.0M, announced in Feb 2022.
Who is the CEO of Tropic?
David Campbell is listed as CEO at Tropic.
Where is Tropic headquartered?
Tropic is based in New York, United States.
How many employees does Tropic have?
Tropic is in the 51-100 employee band.
How does Tropic's funding compare to other Sales and Marketing startups?
Tropic's latest round of $40.0M is above the $3.0M median round size for Sales and Marketing companies on FundedIQ across 110 tracked companies over the last two years.
About FundedIQ's Tropic Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Tropic is left off this page rather than filled in.
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