Tech Company Financing Transactions
Tropic Funding Round
Insight Venture Partners and private investors participated in a $40 million Series B capital raise for Tropic. The round was announced by the company on 2/27/2022.
Transaction Overview
Company Name
Announced On
2/27/2022
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series B
Investors
Insight Venture Partners (Lead Investor) (Teddie Wardi)
Proceeds Purpose
The new funding will go into R&D for major software elements, like automation, as the company aims to be an end-to-end procurement system of record.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
335 Madison Ave. 3rd Floor
New York, NY 10173
USA
New York, NY 10173
USA
Phone
Undisclosed
Website
Email Address
Overview
Tropic is a martech concierge platform that makes vendor decisions simple and transparent. Marketers use Tropic to get the best possible marketing software with minimal effort. Instead of losing 12-15 hours of time on generic vendor sales calls during the discovery process, share your requirements once with Tropic.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Campbell
Chief Operating Officer
Justin Etkin
VP - Engineering
Nick Smith
Browse more venture capital transactions:
Prev: 2/27/2022: Sharegain venture capital transaction
Next: 2/27/2022: Trace Finance venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on tech company VC transactions. VC investment data records on this site are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs