Splashtop completes ‘Unicorn funding’ with additional $15m from existing investors

Funding | South East | Technology

vpn

Splashtop Inc. a next-generation remote access and remote support firm, has secured an additional $15m from existing investors Sapphire Ventures, Storm Ventures, NEA, and DFJ DragonFund.

Business Leader funding month banner

In January 2021, Splashtop announced a $50m financing round that pushed its valuation beyond the $1 billion unicorn level. The new additional $15m in funding closes the Splashtop unicorn funding round at $65m.

“Splashtop’s modern approach to remote access is making a real difference in how, where, and when people can use the digital resources they need to work, learn, and be entertained,” said Mark Lee, CEO of Splashtop. “This latest fundraising will help us support our accelerated global expansion by amplifying our brand, attracting more talent, and expanding our enterprise presence.”

Founded in 2006, Splashtop started becoming profitable in 2015 and has been growing rapidly ever since. Splashtop now has more than 30 million users, supports more than 800 million sessions globally, and has a current growth rate of 160% with profits of 60%.

“As we march forward and continue to grow, we will continue to aim to innovate and deliver best-in-class products and services to delight our customers everywhere,” said Mark Lee, co-founder and CEO of Splashtop.

Click here for more content from Business Leader Funding Month, brought you by Wesleyan.

Did you enjoy reading this content?  To get more great content like this subscribe to our magazine

Tagged with:

Reader's Comments

Comments related to the current article

Leave a comment

Your email address will not be published. Required fields are marked *