Tropic
PrivateLast Round
Series B
Feb 15, 2022
Total Funding Raised
$67.1M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
Tropic is a business and productivity software company that provides an AI-powered procurement platform designed to streamline software and SaaS vendor management, contract tracking, and spend optimization.
Sector
Enterprise Software
Verticals
Accounting & Expense, Business Intelligence, Workflow Automation
Business Model
B2B
Customer Profile
Subscription SaaS, Services & Consulting
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Tropic Comparables
Compare Tropic with similar companies based on industry and business-model similarity.
Tropic Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B | Feb 15, 2022 | ||||
| Series A | Aug 16, 2021 | ||||
| Seed | Apr 10, 2020 |
Key People
Founding team and executive leadership
Tropic Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Human Capital | Series B |
| Founder Collective | Series A, Seed |
| Company Ventures | Seed |
| Company Ventures | Seed |
| Shine Capital | Series A |
| Canaan Partners | Series A |
| Insight Partners | Series B |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jun 4, 2026
Adyen added as a new customer.
- Apr 1, 2026
Now managing over $20B in spend data.
Recent news
Latest coverage and updates
- partners_withOct 15, 2026
Tropic and Vantage Decisions partner to help technology buyers use real market pricing for stronger negotiating strategies and better vendor and supplier economics.
- launchesAug 19, 2026
Tropic introduces new intelligence and planning capabilities on Aug 19th '26 to help finance and procurement teams anticipate technology spending decisions, prioritize opportunities, and direct resources toward the highest-impact areas.
- hiresAug 13, 2026
On Aug 13th '26, Tropic appoints co-founder Justin Etkin as CEO, succeeding fellow co-founder David Campbell as the company transitions from a services-led procurement business to an intelligence and AI partner for software buyers.
Tropic Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Tropic's valuation, stock price, and market status.
Is Tropic a public or private company?
Tropic is a private company.
What is the current stock price of Tropic?
Tropic is a private company, so its shares have no public market price. Caplight tracks Tropic's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Tropic worth (valuation)?
Valuation information for Tropic is not publicly available.
Can I buy Tropic stock?
Tropic shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Tropic's last funding round?
Tropic's most recent funding round was Series B on February 15, 2022.
Who are the main investors in Tropic?
Key investors in Tropic include Founder Collective, Canaan Partners, Insight Partners.
Will Tropic IPO soon?
No public IPO plans have been announced for Tropic.
How can I track Tropic secondary market activity?
Caplight tracks bids, offers, and trades in Tropic's shares on secondary markets.