Anaplan Raises $100 Million in Series D Financing
The cloud service provider will use new capital to attract top-flight industry talent.Business planning and processing cloud service provider Anaplan announced May 13 at its Hub 2014 conference in San Francisco that it has completed a Series D round of $100 million in financing, bringing total investment in the company to $150 million. Led by DFJ Growth, the round includes investments from Brookside Capital, Coatue Management, Sands Capital Management and Workday, as well as all of Anaplan's current investors. These include Granite Ventures, Meritech Capital Partners, Salesforce.com and Shasta Ventures. Anaplan said it will use its new capital to accelerate its position in the market and attract top-flight industry talent through investments in engineering, go-to-market and its growing partner ecosystem. The company said it expects to double its headcount by the end of 2014 and build on its existing global partnerships with Accenture, Deloitte, Salesforce.com and Workday. DFJ Growth Managing Director Randy Glein will join Anaplan's board of directors.
Customers, including HP, Kimberly-Clark, and Procter & Gamble, use Anaplan technology to modernize the way they plan and execute in key functions across their businesses. Use cases include territory and quota planning, trade promotion optimization, integrated business planning and financials consolidation. Due to its versatility, Anaplan's cloud service is used throughout many of its customers' systems and in a number of vertical categories.