When was Tier1 founded?

Tier1 was founded in 2008 and raised its 1st funding round 9 years after it was founded.

Where is Tier1 located?

Tier1 is headquartered in Toronto, Canada.

How many employees does Tier1 have?

As of Apr 30, 2026, the latest employee count at Tier1 is 17.

Is Tier1 a funded company?

Tier1 is a funded company, having raised a total of $34M across 2 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Dec 11, 2017.

When was the latest funding round of Tier1?

Tier1's latest funding was a $***** Series B round on Jan 04, 2022, with participation from 2 investors. Its primary sector is Customer Service Software. In Canada, the Customer Service Software sector has seen $28.8M in funding in 2026 to date.

Where does Tier1 rank among its competitors?

Tier1 ranks 132nd amongst 3226 active competitors, of which 285 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Salesforce, which secured an undisclosed amount in May, 2023.

Who are the top competitors of Tier1?

Tier1's top competitors include HubSpot, Salesforce and Freshworks. Among them, Salesforce secured the most recent funding round in May, 2023.

Tier1 - 2026 Company Profile, Team, Funding & Competitors

Tier1 is an acquired company based in Toronto (Canada), founded in 2008 by Mark Notten and Phil Dias. It operates as a Customer relationship management software for financial institutions. Tier1 has raised $34M in funding from Wavecrest Growth Partners and MassMutual Ventures. The company has 3226 active competitors, including 285 funded and 151 that have exited. Its top competitors include companies like HubSpot, Salesforce and Freshworks.

Company Details

Tier1 Financial Solutions provides customer relationship management software for financial institutions. It features solutions for workflow management, compliance, client profiling, customer data management, deal tracking, reporting, communication, and more for capital markets, investment management, and investment banking firms.

Website: www.tier1fin.com/
Social
Email ID: *****@tier1fin.com
Phone Number: +1 **********

Key Metrics

Founded Year

2008

Location

Toronto, Canada

Stage

Acquired

Total Funding

$34M in 2 rounds

Latest Funding Round

Series B, Jan 04, 2022, $*****

Investors

Wavecrest Growth Partners & 2 more

Ranked

132^nd among 3226 active competitors

Employee Count

17 as on Apr 30, 2026

Similar Companies

Glia & 805 more

Exit Details

Acquired by SS&C (Aug 23, 2022)

View Tier1's full profile

Tier1 got acquired by SS&C on Aug 23, 2022.

Click here to take a look at Tier1's acquisition in detail

Tier1 has raised a total funding of $34M over 2 rounds. Its first funding round was on Dec 11, 2017. Its latest funding round was a Series B round on Jan 04, 2022 for $*****. 2 investors participated in its latest round. Tier1 has 3 institutional investors.

Here is the list of recent funding rounds of Tier1:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 04, 2022	3853137	Series B	1621060	5359828	5605782	7604840
Dec 11, 2017	5658882	Series B	6405175	4342966	Wavecrest Growth Partners	MassMutual Ventures & 1 more

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View details of Tier1's funding rounds and investors

The founders of Tier1 are Mark Notten and Phil Dias.

Here are the details of Tier1's key team members:

Mark Notten: Former Co-Founder of Tier1.
Phil Dias: Former Co-Founder of Tier1.

View details of Tier1's Founder profiles and Board Members

Tier1's employee count trend

Tier1 has 17 employees as of Apr 26. Here is Tier1's employee count trend over the years:

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Top competitors of Tier1 include HubSpot, Salesforce and Freshworks. Here is the list of Top 10 competitors of Tier1, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	HubSpot 2005, Cambridge (United States), Public	Provider of a platform offering marketing, sales, and customer service software	$101M	Cross Creek, Google Ventures & 22 others	88/100
2nd	Salesforce 1999, San Francisco (United States), Public	Provider of a platform delivering customer relationship management and cloud solutions	$52M	New Enterprise Associates, Emergence Capital ... & 35 others	87/100
3rd	Freshworks 2010, Chennai (India), Public	Provider of IT service management and customer support solutions	$400M	Accel, Tiger Global Management & 8 others	84/100
4th	Zoho 1996, Chennai (India), Unfunded	Provider of cloud-based business software suite for diverse operational requirements	-	-	76/100
5th	Gong 2016, Israel, Series E	Platform offering revenue intelligence solutions	$584M	Norwest, Battery Ventures & 19 others	74/100
6th	Outreach 2014, Seattle (United States), Series G	Provider of an AI revenue workflow platform for sales teams	$489M	Tiger Global Management, DFJ Growth & 38 others	74/100
7th	SugarCRM 2004, Cupertino (United States), Acquired	AI-based open-source CRM software	$152M	New Enterprise Associates, Goldman Sachs ... & 13 others	73/100
8th	LeadSquared 2011, Bengaluru (India), Series C	Developer of a platform providing sales, marketing, field, and service solutions	$204M	JI Company, A K Holdings LLC & 103 others	70/100
9th	Clari 2013, Sunnyvale (United States), Series F	Provider of revenue operations platform	$510M	Silver Lake, Sapphire Ventures & 18 others	70/100
10th	Glia 2012, New York City (United States), Series D	Developer of an AI contact center platform for financial institutions	$152M	Insight Partners, Entrepreneurs Roundtable Accelerator ... & 7 others	68/100
132nd	Tier1 2008, Toronto (Canada), Acquired	Customer relationship management software for financial institutions	$34M	MassMutual Ventures, Wavecrest Growth Partners ... & 1 others	45/100