When was Banyan Software founded?

Banyan Software was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Where is Banyan Software located?

Banyan Software is headquartered in Toronto, Canada.

Who is the current CEO of Banyan Software?

David Berkal of Banyan Software. They have also founded 2 companies.

How many employees does Banyan Software have?

As of Jun 30, 2026, the latest employee count at Banyan Software is 243.

Is Banyan Software a funded company?

Banyan Software is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on 2017.

When was the latest funding round of Banyan Software?

Banyan Software's latest funding was a $***** Seed round on 2017, with participation from 1 investor.

Where does Banyan Software rank among its competitors?

Banyan Software ranks 4th amongst 27 active competitors, of which 5 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Shop Circle, which secured $100M in Dec, 2025.

Who are the top competitors of Banyan Software?

Banyan Software's top competitors include Shop Circle, Constellation Software and Total Specific Solutions. Among them, Shop Circle secured the most recent funding round in December, 2025.

Banyan Software - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of acquiring, building, and growing enterprise software businesses. It follow a buy-and-hold strategy for software companies serving specialized markets, providing a permanent home for successful businesses to ensure long-term success and stability. It offers support for growth, independence to management teams, and a commitment to not resell acquired companies.

Website: banyansoftware.com
Email ID: *****@banyansoftware.com
Phone Number: +1 **********

Key Metrics

Founded Year

2016

Location

Toronto, Canada

Stage

Seed

Latest Funding Round

Seed, 2017, $*****

Investors

Rock Creek Capital & 1 more

Ranked

4^th among 27 active competitors

Employee Count

243 as on Jun 30, 2026

Investment & Acquisitions

tec4U-Solutions & 41 more

Similar Companies

Shop Circle & 26 more

View Banyan Software's full profile

Banyan Software is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BANYAN SOFTWARE HOLDINGS, LLC CIN: 853636022 , United States, Active	Dec 31, 1999	-	708 (As on Dec 31, 2024)	-

Banyan Software has raised funding over 1 round. Its latest funding round was a Seed round on 2017 for $*****. 1 investor participated in its latest round. Banyan Software has 2 institutional investors.

Here is the list of recent funding rounds of Banyan Software:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2017	1349	Seed	2844	5044	5831	1455

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View details of Banyan Software's funding rounds and investors

The founders of Banyan Software is David Berkal. David Berkal and Rick Hudson are the CEOs of Banyan Software.

Here are the details of Banyan Software's key team members:

David Berkal: Founder & CEO of Banyan Software and founder of 2 other companies, Luximpact and Medicat.

View details of Banyan Software's Founder profiles and Board Members

Banyan Software's employee count trend

Banyan Software has 243 employees as of Jun 26. Here is Banyan Software's employee count trend over the years:

Employee count trend for Banyan Software

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Top competitors of Banyan Software include Shop Circle, Constellation Software and Total Specific Solutions. Here is the list of Top 10 competitors of Banyan Software, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shop Circle 2021, London (United Kingdom), Series B	AI-first technology holding company that acquires and scales mission-critical software, modernising it for the AI era	$218M	Primo Ventures, Founders Factory & 46 others	66/100
2nd	Constellation Software 1995, Toronto (Canada), Public	Enterprise software and services company	-	OMERS, Birch Hill Equity Partners	62/100
3rd	Total Specific Solutions 1995, Utrecht (Netherlands), Acquired	Developer of vertical market software solutions for various industries	-	-	52/100
4th	Banyan Software 2016, Toronto (Canada), Seed	Provider of acquiring, building, and growing enterprise software businesses	-	Rock Creek Capital, Norwest	51/100
5th	Jonas Software 1990, Markham (Canada), Funding Raised	Enterprise management software and service provider	-	Constellation Software	50/100
6th	Avolin Solutions 2018, Austin (United States), Unfunded	Provider of cloud-based e-commerce and service desk platform	-	-	41/100
7th	Perseus 2004, Markham (Canada), Funding Raised	Provider of software acquirer services	-	Constellation Software	39/100
8th	Ethos Software 2017, Denver (United States), Unfunded	Provider of capital and operational support for application layer software businesses	-	-	39/100
9th	Fog Software Group 1995, Deerfield (United States), Funding Raised	Forever home for vertical market software businesses, preserving legacy and growth	-	Vela Software	38/100
10th	Altamount Berlin (Germany), Unfunded	Acquirer and long-term holder of GRC software companies	-	-	34/100

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Banyan Software has not made any investments yet. Banyan Software has made 42 acquisitions.

Here is the list of latest three $acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 29, 2026	Acquisition	tec4U-Solutions	1999	Saarbrucken (Germany)
Jun 11, 2026	Acquisition	M·3 Informatics	1990	Spain
May 01, 2026	Acquisition	JAVELIN	2013	Leicester (United Kingdom)