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Tropic
Automated SaaS procurement
- 201-500 employees
- B2B
- Visualisation
- Supply Chain
- SaaS
- Procurement
- Remote (work from home)
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Company mission
Tropic’s AI-powered Intelligent Spend Management platform automates procurement to give companies like OpenAI, Notion, and Zapier maximum visibility, control, and leverage to control costs and reduce spend.
Our take
More businesses than ever are turning to SaaS solutions to help their operations run more smoothly, efficiently, and at a more affordable cost. However, with the broad gamut of game-changing services available, software procurement is becoming such a time-consuming process that companies can find themselves unable to conduct full research and negotiation to land the best deals.
Automated SaaS procurement company Tropic is looking to help companies make smart, money-saving decisions to pick the right SaaS for them. Founded in 2019, it has since landed substantial investment, along with attracting customers such as Vimeo, Intercom, and Qualtrics. Its product offerings provide solutions along the entirety of the SaaS procurement supply chain, enabling it to serve all the needs of its clients.
By developing a buyer-first model, the company is likely to win strong business from companies who may lack the technical confidence to navigate the SaaS market alone. And with digital transformation more widespread than ever, this is likely a substantial market in which Tropic has the chance to develop and grow.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Annual learning and development stipend
- Comprehensive medical, dental & vision plans
- Online mental health therapy
- Commuter benefits, FSA, HSA
- Paid parental leave for birthing + non birthing parents
- 401K with company matching
- Flexible vacation and holiday time off
- Annual WFH stipend
- Remote first work environment
- Virtual & in person meet ups
- Reproductive Health Stipend
- NYC HQ + Offices in Atlanta and Denver
Company values
- Act like an Owner: We treat our work like a business we own, and we execute with autonomy and authority. We ensure our work is driving consistent and real impact on the overall business. We align toward the common goal and mobilize our parts of the business.
- Obsess Over Customers: We listen to our customers’ needs above all else, seeking to understand and exceed their expectations. The needs of our end users guide our strategy, and the value we create for them must be remarkable to be worth it.
- Lean into Bold Bets: We take risks that others don’t and pursue ideas that bring us out of our comfort zones. We will be wrong sometimes, and we must be willing to make mistakes to achieve ambitious goals. We celebrate big ideas, no matter where they come from.
- Pull Back the Curtain: We maintain clear communication around both successes and struggles at every level. We seek clarity when met with ambiguity. We bring transparency to our employees, teams, customers, and vendors.
Funding (last 2 of 3 rounds)
Feb 2022
$40m
SERIES B
Aug 2021
$25m
SERIES A
Total funding: $67.1m
This company has top investors
Leadership
David Campbell
(CEO)A Berkeley Literature graduate who was VP of Strategic Accounts at BounceX, and a Global Business Manager at Microsoft. Advisor for candidate.fyi.
Justin Etkin
(COO)They started out as an Associate at Bain & Company, before moving to BounceX, where they rose to the position of VP of Operations.
Diversity, Equity & Inclusion at Tropic
Sarah Jauhar (Head of People)
- Tropic’s Employee Resource Groups - Employee Resource Groups are integral to our DEIB efforts at Tropic. These groups bring our employees together in a safe place where conversations can flow freely and contributes to all feeling connected through a common cause or interest.
Office
