Apptio said it raised a $45 million Series E round of funding led by Janus Capital, the Hillman Company and an unnamed institutional investor. The round was joined by existing investors Andreessen Horowitz, Greylock Partners, Madrona Venture Group, Shasta Ventures, and accounts managed by T. Rowe Price Associates. The new round brings the total raised to $136 million.
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Apptio, a five-year-old, Seattle-based company that sells enterprise software as a service to manage IT and operations at large companies, has closed a $50 million Series D round led by T. Rowe Associates. Existing investors Andreessen Horowitz, Greylock Partners, Madrona Venture Group and Shasta Ventures also participated in the financing, which brings Aptio’s funding to date [...]
Sunny Gupta thinks he has discovered an entirely new business category, and he’s apparently having little trouble making his case to customers — or investors.
Today, his Bellevue, Wash.-based SaaS startup, Apptio, announced that it has raised a $16.5 million round of funding — its third in just three years — bringing the company’s total funding to $37.5 million. Shasta Ventures led the round, joined by Andreessen Horowitz, Greylock Partners and Madrona Venture Group. All are previous investors.
Ignition Partners, which had participated in Apptio’s Series A round, was not included in what Gupta characterized as an “oversubscribed” round that attracted term sheets from numerous outside investors, all of which he says were turned down.
“In all honesty, I screwed up in [the] B round, as I thought [the] deal was too expensive, given the opportunity,” says Ignition Managing Director John Connors. He adds, “Sunny is doing a great job of building this company, and I missed [an] opportunity … that we should have participated in.”
Apptio, a Bellevue, Wash.-based provider of on-demand IT financial management software, has raised $14 million in Series B funding. Andreessen Horowitz Fund and Shasta Ventures were joined by return backers Greylock Partners and Madrona Venture Group. Apptio previously raised $7 million in late 2007.