Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Anaplan raises US$100 million in Series D financing round

Zafar Anjum | May 15, 2014
New investment, led By DFJ Growth, to extend Anaplan’s dominance in business planning and execution

Anaplan has completed its Series D round of US$100 million in financing, bringing total investment in the company to $150 million, the cloud company announced on 13 May.

Led by DFJ Growth, the funding round includes investments from Brookside Capital, Coatue Management, Sands Capital Management, and Workday, as well as all of Anaplan's current investors, Granite Ventures, Meritech Capital Partners, salesforce.com, and Shasta Ventures. Randy Glein, Managing Director at DFJ Growth, will join Anaplan's Board of Directors, the company said in a statement.

"This new round will enable Anaplan to reinforce its groundbreaking success as the new foundation of business planning and execution, enabling organizations to continuously align to market opportunities" the company's statement underlined. It already has clinets such as Diageo, HP, Kimberly-Clark, and Procter & Gamble.

Anaplan says it will use its new capital to accelerate its position in the market and attract the best industry talent through investments in engineering, go-to-market, and its growing partner ecosystem. The company expects to double its headcount by the end of 2014 and build on its existing global partnerships with Accenture, Deloitte, salesforce.com, and Workday.

"Dominant cloud players are emerging across all major categories to bring innovation, insights and new capabilities to the enterprise," said Randy Glein. "Just as Salesforce has become a leading platform for customer relationship management and Workday for human resources and finance, we believe Anaplan is poised to become the category leader and platform of choice for cloud-based planning and execution across the enterprise. We are thrilled to partner with Anaplan and help them realize their vision."

In the last year, Anaplan said it has experienced increased global demand and responded with recently opened operations in Australia, France, Malaysia, Netherlands, Russia, Singapore, Sweden and the United Kingdom.

 

 

Sign up for CIO Asia eNewsletters.