Tropic
Making Technology a Buyer's Market
New York, United States · Founded 2019 · $67.1M raised
- Headquarters
- New York, New York
- Employees
- 201–500
- Founded
- 2019
- Business Model
- B2B
- Website
- tropicapp.io
- Total Funding
- $67.1M
- Last Round
- $40.0M Series BFeb 2022
- Rounds
- 3
About
Tropic is an intelligent spend management platform that helps finance and procurement teams gain visibility and control over software purchasing. It combines robust spend management capabilities — including contract management, renewal workflows, and purchase order automation — with unbiased supplier intelligence such as price benchmarks and negotiation playbooks. Founded in 2019 by David Campbell and Justin Etkin, Tropic manages over $18B in software spend for 500+ customers and has delivered $380M+ in documented savings.
Summary
Tropic is a Fintech company based in New York, United States, founded in 2019. It has raised $67.1M in total across 3 rounds, most recently a $40.0M Series B round in Feb 2022. Investors include Founder Collective, Insight Partners and Canaan Partners.
Tech & App Stack
7 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding History
Sign up to view the funding chart
Create a free account with 25 free credits every month, no card needed, to unlock funding history, valuations, and tech stacks.
Feb 2022
Sign up to see all 3 rounds
Seed through Series B — per-round amounts, valuations, and who invested in each round.
Investors
Similar Companies
Citi is a leading global bank for institutions with cross-border needs, a global provider in weal...
Global fintech company operating Alipay and providing digital payment, wealth management, insuran...
Regulated institutional-grade cryptocurrency exchange offering spot trading for Bitcoin, Ethereum...
Robinhood provides retail brokerage, crypto, advisory, banking, and private-markets access throug...
Stripe provides payments, billing, money-management, fraud-prevention, and identity tools that he...
Grab is Southeast Asia's leading super-app, providing ride-hailing, food and grocery delivery, di...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/tropic"><img src="https://indexed.vc/api/badge/company/tropic" alt="Tropic on Indexed.vc" width="260" height="76" /></a>