Tropic raises $40M Series B funding

Tropic is a SaaS platform for procuring SaaS software in New York. It raised $40M through Series B funding.

Insight Partners led the round.

Tropic raises $40M Series B funding

The funds will be used by the company to accelerate its growth, increase its global footprint, strengthen its team, and launch four new software modules over the next two quarters.

It led by David Campbell, provides a SaaS-based procurement platform that allows companies of all sizes, from startups to Fortune 500, to purchase software, manage contracts and monitor usage.

The platform simplifies the procurement process and provides insight into cost-saving possibilities.

Tropic has more than doubled its revenues in the last four months and added Notion, Nextdoor, and Faire customers to its list of top brands.

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