Total amount raised
$296.9 Millions
Latest funding date
10/1/2018
Location
Anaplan has successfully raised significant funding over multiple rounds, culminating in its acquisition by Thoma Bravo for $10.7 billion. The platform offers AI-infused scenario planning, analysis, and reporting solutions tailored to various industries and business functions.
Keep reading to explore the intricacies of Anaplan's fundraising journey and the investors backing this innovative platform.
What Is Anaplan?
Founded in 2006, Anaplan is a business planning software company based in San Francisco, California. The company was established by Doug Smith, Guy Haddleton, Michael Gould, Sue Haddleton, and Taro Kosuga.
Anaplan offers a cloud platform designed for decision-making with connected planning modeling. Their solutions are tailored to optimize decision-making across various business functions and industries.
With a workforce ranging between 1001-5000 employees, Anaplan continues to innovate in the realm of AI-infused scenario planning, analysis, and reporting.
How Much Funding Has Anaplan Raised?
- Series A
- Amount Raised: $5.5M
- Date: January 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and establish a market presence.
- Series B
- Amount Raised: $11.4M
- Date: January 2012
- Lead Investors: Granite Ventures, Shasta Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the development team and enhance the platform's capabilities.
- Series C
- Amount Raised: $33M
- Date: March 2013
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Series D
- Amount Raised: $100M
- Date: May 2014
- Lead Investors: DFJ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and product development.
- Series E
- Amount Raised: $90M
- Date: January 2016
- Lead Investors: Premji Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand international presence and enhance the platform's features.
- Series F
- Amount Raised: $60M
- Date: December 2017
- Lead Investors: Premji Invest
- Valuation at Round: $1.4 billion
- Motivation Behind the Round: To drive global growth and expand the development team.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $299.9M
Current Valuation: $1.4 billion
Key Investors
- Premji Invest
- Details: Premji Invest is the investment arm of Azim Premji, the chairman of Wipro Limited. It focuses on long-term investments in technology and growth companies.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Flipkart, Snapdeal, Myntra.
- DFJ Growth
- Details: DFJ Growth is a venture capital firm that invests in high-growth technology companies. It is part of the Draper Fisher Jurvetson network.
- Investment Focus Areas: Enterprise software, consumer internet, mobile technology.
- Notable Investments: SpaceX, Twitter, Tesla.
- Meritech Capital Partners
- Details: Meritech Capital Partners is a late-stage venture capital firm. It focuses on investing in technology companies that are market leaders.
- Investment Focus Areas: SaaS, enterprise software, consumer internet.
- Notable Investments: Facebook, Salesforce, Tableau.
- Granite Ventures
- Details: Granite Ventures is a venture capital firm that invests in early-stage technology companies. It has a history of backing successful startups.
- Investment Focus Areas: Enterprise software, communications, semiconductor.
- Notable Investments: Siebel Systems, Good Technology, Tumbleweed Communications.
- Shasta Ventures
- Details: Shasta Ventures is a venture capital firm that invests in early-stage technology companies. It focuses on companies that are transforming their industries.
- Investment Focus Areas: SaaS, mobile, consumer internet.
- Notable Investments: Nest, Mint, Zuora.
What's Next for Anaplan?
As Anaplan looks to the future, the opportunities are vast. The company is poised to capitalize on the growing demand for connected planning solutions across diverse industries such as finance, healthcare, and retail. With a strong focus on AI and machine learning, Anaplan aims to enhance decision-making processes, offering tailored solutions that can significantly optimize business operations.
Future fundraising efforts seem promising, given the company's track record and the continuous innovation in its platform. Expanding internationally and growing its development team are key strategies that will likely attract further investment. However, challenges such as managing rapid expansion and staying ahead in a competitive market will require careful navigation.
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