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Company profile: Tropic

1.1 - Company Overview

Tropic Logo

Tropic

Headquarter: United States
Founded: 20XX🔒
Employees: 100-500🔒

Company description

  • Provider of a full-service procurement software platform for tech-forward companies, consolidating SaaS, contract, and spend management with unbiased supplier data. Delivers automated approval workflows, savings identification, expert advisory, and fully-assisted purchasing to cut costs and improve visibility.

Products and services

  • Savings Identification and Action: SaaS-specific analytics identify savings across agreements, enabling quick rightsizing of contracts, elimination of redundant spend, and negotiations with better leverage to reduce costs
  • SaaS Management Platform: Single-source platform consolidates SaaS, contract, and spend management, delivering a comprehensive view of supplier relationships and financial commitments for finance and procurement teams
  • Supplier Data Access: Unbiased database supplies supplier information, including pricing benchmarks, alternatives, and purchasing trends, informing procurement decisions with comparative market data and visibility

Key contacts

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Financial details

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1.2 - Competitors and similar companies to Tropic

Replan Logo

Replan

HQ: United Kingdom Website
  • Description: Provider of a digital supply chain SaaS platform, focused on redefining the planning process.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Replan company profile →
Zero Procure Logo

Zero Procure

HQ: United Kingdom Website
  • Description: Provider of solutions that simplify procurement by providing value and quality items and services at no cost.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Zero Procure company profile →
2bits Logo

2bits

HQ: Germany Website
  • Description: Provider of SAP procurement software, consulting, supplier management, and information technology services.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full 2bits company profile →
Assent Logo

Assent

HQ: Canada Website
  • Description: Provider of cloud-based SaaS supply chain sustainability management solutions for complex manufacturers, covering product compliance, trade compliance, and ESG, delivering technology to see deep within supply chains to access markets, grow business, and deliver responsible products.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Assent company profile →
Ketera Logo

Ketera

HQ: United States Website
  • Description: Provider of SaaS-based spend management solutions via the Ketera Network, integrating an enterprise-class spend management solution with an active community of business buyers and suppliers that have transacted over $4 billion in spend to improve procurement results.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Ketera company profile →
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2.M&A buyers

2.1 Potential strategic acquirers in the sector

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2.2 - Strategic buyer groups for Tropic

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Buyer group 1: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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Buyer group 2: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms

3.1 - Buyout funds investing in similar companies to Tropic

2.2 - Growth funds investing in similar companies to Tropic

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4 - Top valuation comps for Tropic

4.2 - Public trading comparable groups for Tropic

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4.3 - M&A Transactions similar to Tropic

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

About Tropic

What does Tropic do?

Tropic is a provider of a full-service procurement software platform for tech-forward companies, consolidating SaaS, contract, and spend management with unbiased supplier data. Delivers automated approval workflows, savings identification, expert advisory, and fully-assisted purchasing to cut costs and improve visibility.

Who are Tropic's competitors?

Tropic's competitors and similar companies include Replan, Zero Procure, 2bits, Assent, and Ketera.

Where is Tropic headquartered?

Tropic is headquartered in United States.

How many employees does Tropic have?

Tropic has 1,000 employees 🔒.

When was Tropic founded?

Tropic was founded in 2010 🔒.

What sector and industry vertical is Tropic in?

Tropic is in the Enterprise Software 🔒 sector and industry

M&A Buyers & Acquirers for Tropic

Who are the top strategic acquirers in Tropic's sector and industry

Top strategic M&A buyers and acquirers in Tropic's sector include ████████, ██████████, ██████, ████████, and ██████████ 🔒.

Which M&A buyer groups are most relevant for Tropic?

Top strategic M&A buyers groups and sectors for Tropic include █████████████████ , ████████████████, █████████████, ████████████, and ████████████████ 🔒.

Financial Investors investing in Tropic's sector and industry vertical

Which are the top PE firms investing in Tropic's sector and industry vertical?

Top PE firms investing in Tropic's sector and industry vertical include ████████, ██████████, ████████, and ██████████ 🔒.

Who are the top buyout funds acquiring in Tropic's sector and industry vertical?

Active PE funds and buyout funds acquiring companies in Tropic's sector and industry vertical include █████████, ██████████, ████████████, and ████████████ 🔒.

Who are the top growth equity funds investing in companies in Tropic's sector and industry vertical?

Growth funds and venture capital funds investing in companies similar to Tropic include █████████, ██████████, ████████████, and ████████████ 🔒.

Valuation benchmarks of companies in Tropic's sector and industry

Which are the key public companies that are relevant trading comps benchmarks for Tropic?

The key public trading comparables and valuation benchmarks for Tropic include █████████, ██████████, ████████████, and ████████████ 🔒.

Which are the key trading comparable groups for Tropic for public valuation benchmarks?

Our platform tracks detailed public trading comparable groups and valuation benchmarks for Tropic with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in Tropic's sector and industry vertical?

Our platform tracks relevant M&A transactions comparables and valuation benchmarks for Tropic with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Tropic's' sector and industry vertical?

Access recent funding rounds and capital raises in Tropic's sector and industry vertical including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors and valuations.

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