Anaplan has successfully raised $296.9 million over 7 funding rounds, culminating in an IPO in October 2018. The platform specializes in AI-infused scenario planning, analysis, and reporting to optimize decision-making.
Keep reading to explore the intricacies of Anaplan's fundraising journey and the investors backing this innovative platform.
What Is Anaplan?
Anaplan, founded by Michael Gould, is a cloud-based platform specializing in AI-infused scenario planning, analysis, and reporting. Established in 2006, the company is headquartered in San Francisco.
With a workforce of 1001-5000 employees, Anaplan aims to optimize decision-making by connecting strategic, financial, and operational plans across businesses. The platform enables real-time planning and collaboration, helping companies model potential impacts and course correct on the fly.
Operating globally, Anaplan has offices in key locations such as Chicago, Singapore, and San Francisco. The company continues to innovate in the enterprise software, information technology, and cloud computing markets.
How Much Funding Has Anaplan Raised?
- Series A
- Amount Raised: $5,500,000
- Date: January 2010
- Motivation Behind the Round: Initial funding to develop the core product and establish market presence.
- Series B
- Amount Raised: $11,400,000
- Date: January 2012
- Lead Investors: Granite Ventures, Shasta Ventures
- Motivation Behind the Round: To expand the sales force, launch new markets, and build a global partner network.
- Series C
- Amount Raised: $30,000,000
- Date: March 2013
- Lead Investors: Meritech Capital
- Motivation Behind the Round: To scale the product and attract more Fortune 500 companies as clients.
- Series D
- Amount Raised: $100,000,000
- Date: May 2014
- Motivation Behind the Round: To continue developing and expanding their business-planning software, despite a tougher market outlook for enterprise tech stocks.
- Series E
- Amount Raised: $90,000,000
- Date: January 2016
- Lead Investors: Premji Invest
- Valuation at Round: $1.09 billion
- Motivation Behind the Round: To prepare for an IPO and expand internationally, particularly in India.
- Series F
- Amount Raised: $60,000,000
- Date: December 2017
- Motivation Behind the Round: Likely for scaling operations and expanding market reach.
- IPO
- Date: October 2018
- Motivation Behind the Round: Transition to a publicly traded company.
Total Amount Raised: $296.9 million
Current Valuation: $1.09 billion
Key Investors
- Premji Invest
- Details: Premji Invest is the private investment arm of Azim Premji, the Indian business tycoon and philanthropist. The firm focuses on long-term investments in various sectors.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Flipkart, PolicyBazaar, Snapdeal
- Baillie Gifford
- Details: Baillie Gifford is a Scottish investment management firm known for its long-term investment approach. The firm manages a range of equity, fixed income, and multi-asset portfolios.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Tesla, Amazon, Alibaba
- Meritech Capital Partners
- Details: Meritech Capital Partners is a venture capital firm that invests in late-stage technology companies. The firm has a strong track record of backing successful tech startups.
- Investment Focus Areas: Software, internet, healthcare
- Notable Investments: Facebook, Salesforce, Tableau
- Shasta Ventures
- Details: Shasta Ventures is a venture capital firm that focuses on early-stage technology companies. The firm is known for its hands-on approach to helping startups grow.
- Investment Focus Areas: Consumer tech, enterprise software, IoT
- Notable Investments: Nest, Mint, TaskRabbit
- Granite Ventures
- Details: Granite Ventures is a venture capital firm that invests in early-stage technology companies. The firm has a history of supporting innovative tech startups.
- Investment Focus Areas: Software, communications, internet
- Notable Investments: Tumbleweed Communications, Siebel Systems, Good Technology
What's Next for Anaplan?
As Anaplan looks to the future, the opportunities are vast. The company is poised to expand its international footprint, particularly in India, leveraging its recent funding and unicorn status. With a growing customer base and a strong market presence, Anaplan is well-positioned to capitalize on the increasing demand for cloud-based financial planning solutions.
Future fundraising will likely shift to public markets, as the company prepares for an IPO. This transition could open new avenues for growth and investment, allowing Anaplan to scale its operations further. However, challenges such as competition from established vendors and the need to continuously innovate will require strategic focus and agility.
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