- Companies
- Splashtop
Splashtop Revenue, Valuation, Funding & Investors
Splashtop is valued at $1B as of January 2021, a 18.2x multiple on its last reported $55M revenue.
Last Splashtop valuation
$1B
Series E · Jan 2021
Last Splashtop funding round
$50M
Series E · Jan 2021
Splashtop revenue
$55M
Series E · Jan 2021
Key investors in Splashtop
New Enterprise Associates
Sapphire Ventures
Storm Ventures
DFJ DragonFund
About Splashtop
Splashtop is a San Jose-headquartered provider of remote access and support software compatible with Windows, macOS, Linux, iOS, Android, and Chromebook. Enterprise editions enable secure screen sharing, file transfer, and multi-monitor support for IT teams, MSPs, and remote workers. Academic licenses serve universities while business plans cater to small firms and government agencies. Founded in 2006, the platform integrates with Active Directory and offers white-label options alongside mobile streaming up to 4K resolution.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$55M (Jan 2021)
Valuation
$1B (Jan 2021)
Splashtop Valuation
Splashtop is currently valued at $1B, based on its Series E in January 2021.
The $50M round included New Enterprise Associates, Storm Ventures, Sapphire Ventures and DFJ DragonFund.
Splashtop valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2021 | Series E | $1B | 18.2x |
Splashtop Revenue
Splashtop's latest recorded revenue is $55M, as of its Series E in January 2021. At a $1B valuation, that implies a 18.2x revenue multiple.
Splashtop revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2021 | $55M | $1B | 18.2x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Splashtop Funding History
Splashtop has raised a total of $50M across 1 funding round.
Splashtop funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2021 | Series E | New Enterprise Associates; Storm Ventures; Sapphire Ventures; DFJ DragonFund | $50M | $1B | Splashtop Inc., based in Silicon Valley, provides next-generation remote access and remote support software and services for enterprises, academic institutions, government agencies, small businesses, MSPs, IT departments, and individuals. Its cloud-based solution replaces legacy VPNs with secure, easy access, achieving a 93 Net Promoter Score. On January 27, 2021, Splashtop closed a $50 million financing round led by Sapphire Ventures, with participation from existing investors Storm Ventures, NEA (New Enterprise Associates), and DFJ DragonFund, pushing its valuation beyond the $1 billion unicorn threshold. The funding came amid accelerated growth during the COVID-19 pandemic, with Splashtop reporting sustained profitability since 2015. CEO Mark Lee highlighted the company's modern remote access approach enabling work, learning, and entertainment. Investors praised Splashtop's fast growth, high customer satisfaction, and attractive profit margins, positioning it as an agile enterprise tech leader in secure remote access. In March 2021, Splashtop secured an additional $15 million from the same investors, completing the unicorn funding round at $65 million total. The company served 85% of Fortune 500 companies, including FedEx, GE, Marriott, and Toyota, plus institutions like the CDC and Harvard. It reported over 30 million users, 800 million sessions globally, and 160% growth rate with 60% profits as of early 2021, while expanding enterprise presence, global channels in APAC and Japan, and enhancing security features like SSO. |
Who has invested in Splashtop?
4 investors have backed Splashtop across its funding rounds, including New Enterprise Associates, Sapphire Ventures, Storm Ventures and DFJ DragonFund.
Splashtop Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2021 | ||
| 1 | Participant | Jan 2021 | ||
This data is available for Pro users. Sign up to see all 4 Splashtop investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Splashtop
Splashtop has acquired 1 company to date.
Last acquisition by Splashtop was on March 23rd 2023. Splashtop acquired Foxpass for undisclosed valuation.
Latest Acquisitions by Splashtop
| Description | Foxpass is a cloud-based access control provider for servers and networks. It enforces least-privilege access via LDAP, RADIUS, and SSH certificate systems integrated with Google Workspace or Microsoft 365. The San Francisco-based service secures infrastructure for engineering teams at tech companies. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 23 Mar 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Splashtop acquisitions and their M&A valuation multiples. Start Free Trial | |
Splashtop Competitors
Splashtop competitors include listed companies like Intapp and CS Disco, and private ones like Assembled, Fumi Technology, Reserv and UST.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | $82M | $1B | - | ||
| Publicly listed | $578M | ($16M) | $2.8B | 4.5x | ||
| Publicly listed | $157M | ($44M) | $273M | 1.0x |
Splashtop Public Comps
Splashtop is still privately-owned, but its public comps include RWS Holdings, CS Disco, Hibino, Xp Industrial FII, GetBusy, Valtes Holdings, Dye & Durham, Intellinetics, Intapp and Topicus.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $157M | ($44M) | 1.1x | 1.0x | (4.0x) | (22.1x) | |||
| $435M | $60M | 0.6x | 0.6x | 4.3x | - | |||
| $9M | - | 10.0x | - | - | - | |||
| $30M | $2M | 2.1x | 2.0x | 35.2x | 32.5x | |||
| $77M | $6M | 0.6x | 0.6x | 7.4x | - | |||
| $316M | $116M | 3.0x | 3.3x | 8.2x | 7.1x | |||
| $17M | ($470K) | 1.4x | 1.4x | (50.9x) | - | |||
This data is available for Pro users. Sign up to see all Splashtop competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Splashtop
| When was Splashtop founded? | Splashtop was founded in 2006. |
| Where is Splashtop headquartered? | Splashtop is headquartered in San Jose, CA, United States. |
| Is Splashtop publicly listed? | No, Splashtop is a private, VC-backed company. |
| What is Splashtop's valuation? | Splashtop was last valued at $1B in its Series E in January 2021. |
| How much funding has Splashtop raised? | Splashtop has raised $50M across 1 funding round. |
| What was Splashtop's last funding round? | Splashtop's last funding round was a $50M Series E in January 2021. |
| Who are Splashtop's investors? | Splashtop's investors include New Enterprise Associates, Storm Ventures, Sapphire Ventures and DFJ DragonFund. |
| What is Splashtop's revenue? | Splashtop's latest recorded revenue is $55M (January 2021). |
| What is Splashtop's revenue multiple? | Splashtop's latest valuation implies a 18.2x revenue multiple ($1B valuation on $55M of revenue). |
| Which companies are comparable to Splashtop? | Companies comparable to Splashtop include Assembled, Fumi Technology, Reserv, UST, Intapp and CS Disco. |
| How many companies has Splashtop acquired? | Splashtop has acquired 1 company, including Foxpass. |
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