Yorkshire unicorn Anaplan scoops $90m Series E funding
Round takes total investment in UK-founded enterprise planning company to $240m with valuation of over $1bn
Anaplan, the UK-founded business planning platform, has joined the “unicorn club” with the announcement of a $90m Series E funding round led by Premji Invest with backing from Baillie Gifford, Founders Circle Capital, and Harmony Partners.
Current investors Brookside Capital, Coatue Management, DFJ Growth, Granite Ventures, Meritech Capital Partners, Salesforce, Sands Capital Management, and Shasta Ventures also participated in the round.
Established in 2006 in Yorkshire and now based in Silicon Valley, Anaplan aims to “unseat the humble spreadsheet” by becoming the financial and planning tool of choice among global businesses.
It claims to be one of the fastest-growing software-as-a-service (SaaS) in recent years with over 400 customers across 20 countries.
It will use the funds to “fulfill increasing global demand” for its cloud-based business planning and modeling platform.
The investment, which takes total funding to a staggering $240m, also coincides with the news that the company has hired James Budge; former CFO and COO of Genesys and Rovi, as its CFO.
Anaplan president and CEO, Fred Laluyaux, said, “We are thrilled to welcome our new investors and Budge to the company. With Budge’s tremendous track record we now have an outstanding finance executive on our team to guide our continued growth.
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“Every day we meet executives across the world expressing urgency to become numbers driven in the strategic and tactical decisions they make. But they are stuck using technologies that were designed 30 or more years ago in another era where today’s business challenges didn’t exist. They are deploying Anaplan into every area of their business.”