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Tropic
Automated SaaS procurement
- 201-500 employees
- B2B
- Visualisation
- Supply Chain
- SaaS
- Procurement
- Flatiron District, New York, NY
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Company mission
Tropic is on a mission to help innovative companies save time and money by delivering unprecedented visibility, control, and ease at every stage of their purchasing.
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
- Pull Back the Curtain - We maintain clear communication around successes and struggles and seek clarity when met with ambiguity. We bring transparency to our employees, customers, vendors
- Stay Open - Its important to remain flexible, agile, and invest in diverse opinions. Always remember to seek opportunities for your professional growth and our collective growth
- Fight for Fairness - Negotiating with conviction, internally and in the field. Our negotiations are informed by evidence and context. We also protect those who need it, whether its a customer or clause
- Hustle Responsibly - We find a way to optimize our workflow while maintaining integrity. Where can we find the shortcuts that don’t sacrifice quality? We value hard work, but with a full stop
- Execute - We consistently over-deliver ahead of time and we don’t drop the ball. We find a balance between the daily tasks and the actions that propel the business forward
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.
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