Anaplan Expands C-Round to Strategic Investors
Anaplan responds to strong investor and partner interest
SAN FRANCISCO – April 04, 2013 – Anaplan, the fast-growing provider of cloud-based modeling and planning solutions for finance and operations, today announced that it has expanded its $30 million Series C funding round by $3 million. Joining initial Series C investors Meritech Capital Partners, Granite Ventures and Shasta Ventures, salesforce.com and a range of other private investors are contributing additional funds. The additional funds will enable Anaplan to fuel its aggressive global expansion plans and to accelerate the development of its innovative planning and modeling technology.
With its patented HyperBlock technology, Anaplan delivers a game-changing platform that is used every day by some of the largest companies in the world, including McAfee, Kimberly-Clark Eastern Europe and Pandora. These top-performing companies utilize the immediacy, power, and connectivity of Anaplan across many industries and use cases, including long-range planning, territory and quota management, strategic workforce planning, and IT performance management.
“This additional backing by strategic investors further validates our position in the market and provides a foundation for deeper partnership. It confirms the business value of our technology and serves as further proof that we’re quickly becoming a major player in the enterprise cloud,” said Anaplan CEO Fred Laluyaux.
Anaplan has seen demand for its innovative cloud software grow rapidly, as new customers continue to take advantage of its solutions to model and plan their businesses. In 2012, the company grew its customer base by 500 percent and revenues by 800 percent across the globe.
Anaplan is a cloud-based, in-memory modeling and planning platform for finance, sales, and operations. Its applications enable business users across organizations to intuitively and dynamically test and operationalize their plans, manage complex multi-dimensional models, collaborate across functions and regions, and share insights and content via the built-in community.
Anaplan and its partners have introduced a series of packages for finance, marketing, operations, human resources, as well as a complete sales performance management application suite, which includes quota, territory and commissions management, real-time quote, and price optimization.
Anaplan is funded by Granite Ventures, Shasta Ventures and Meritech Capital Partners. Anaplan was awarded the Gartner Cool Vendor Award in 2012 and Ventana Research Technology Operational Innovation Award for Sales Management in 2012.