Planning platform business Anaplan has completed a Series D round of $100 million in financing, bringing total investment in the company to $150 million. The round was led by DFJ Growth with participation from Brookside Capital, Coatue Management, Sands Capital Management, and Workday and Anaplan’s current investors, Granite Ventures, Meritech Capital Partners, salesforce.com, and Shasta Ventures.
Anaplan today announced it has completed its 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 (NYSE: WDAY), 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.
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.
Global organizations, including Diageo, HP, Kimberly-Clark, and Procter & Gamble rely on Anaplan to modernize the way they plan and execute in key functions across their businesses. With use cases ranging from Territory & Quota planning to Trade Promotion optimization to Integrated Business Planning to Financial Consolidation, Anaplan has gained significant penetration throughout the enterprise and in numerous verticals.
“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.”
As a portfolio company of DFJ Growth, Anaplan joins other disruptive leaders including Box, DataStax, SolarCity, SpaceX, Tesla Motors, Twitter and Yammer, among others.
“Core to our vision is the belief that transformation for hyper-growth and hyper-change organizations comes through empowered business users, who must be able to work with trusted data and collaborate on plans without barriers,” said Fred Laluyaux, CEO of Anaplan. “As we take on the largest investment in our company’s history, we are extremely pleased that Anaplan was able bring together such strategic, forward-thinking partners to support our next wave of growth and disruption. I’m thrilled to welcome Randy Glein to our board.”
In the last year, Anaplan has experienced increased global demand and responded with recently opened operations in Australia, France, Malaysia, Netherlands, Russia, Singapore, Sweden and the United Kingdom. A truly global organization, Anaplan 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.
To learn more about the company and hear from HP, salesforce.com, McAfee, Box and others, visit Anaplan’s user conference, Hub 2014, taking place May 12-14 at the Mission Bay Conference Center in San Francisco, Calif.
Anaplan is disrupting the world of business planning and execution. We built our platform from the ground up to empower companies to plan, collaborate, and act—in real time. Stay ahead of critical business events, rapidly model potential impacts and course correct on the fly. With Anaplan’s cloud-based platform, you can continuously align your people, plans and spend to your market opportunities. Anaplan is a privately held company, headquartered in San Francisco, CA with global offices on four continents. To learn more, visit anaplan.com. Join us on twitter: @anaplan
About DFJ Growth
DFJ is a venture capital firm that partners with extraordinary entrepreneurs who are changing the world. Since 1985, DFJ’s core funds have raised $4B, which has been deployed in more than 300 portfolio companies, including AdMob, Baidu, Box, Hotmail, Skype, SolarCity, SpaceX, Tesla Motors, Tumblr, Twitter and Yammer. DFJ works with companies at seed, early and growth stages, with the goal of partnering with entrepreneurs to build iconic and lasting businesses. DFJ Growth is the later stage investment practice within DFJ with a focus of investing in private technology companies that are addressing huge market opportunities, scaling very rapidly, and poised for category leadership. Learn more at dfj.com.