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

Splashtop Overview

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

United StatesSan Jose, CA

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

Splashtop valuation by funding round
DateStageValuationRevenue Multiple
Jan 2021Series E$1B18.2x

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

Splashtop revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2021$55M$1B18.2xSeries 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

Splashtop funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2021Series ENew Enterprise Associates; Storm Ventures; Sapphire Ventures; DFJ DragonFund$50M$1BSplashtop 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

Investors in Splashtop by funding rounds participated
InvestorHQRoundsRoleFirst check
New Enterprise AssociatesUnited StatesSan Francisco, CA1ParticipantJan 2021
Storm VenturesUnited StatesSan Francisco, CA1ParticipantJan 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

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions 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

Foxpass
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 CountryUnited States
HQ City
San Francisco, CA
Deal Date23 Mar 2023
Valuationundisclosed
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.

Public and private companies comparable to Splashtop
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AssembledUnited StatesSan Francisco, CAPrivate--$1B-
Fumi TechnologyChinaHunanPrivate--$1B-
ReservUnited StatesNew York City, NYPrivate--$1B-
USTUnited StatesLos Angeles, CAPrivate-$82M$1B-
IntappUnited StatesUnited StatesPublicly listed$578M($16M)$2.8B4.5x
CS DiscoUnited StatesUnited StatesPublicly listed$157M($44M)$273M1.0x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
RWS Holdings$927M($26M)0.7x0.7x(27.2x)4.8x
CS Disco$157M($44M)1.1x1.0x(4.0x)(22.1x)
Hibino$435M$60M0.6x0.6x4.3x-
Xp Industrial FII$9M-10.0x---
GetBusy$30M$2M2.1x2.0x35.2x32.5x
Valtes Holdings$77M$6M0.6x0.6x7.4x-
Dye & Durham$316M$116M3.0x3.3x8.2x7.1x
Intellinetics$17M($470K)1.4x1.4x(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.

See companies similar to Splashtop

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial