Anaplan offers cloud-based connected planning solutions to speed and improve organizational planning and decision-making. The company also provides support, training and planning transformation advisory services. Led by President and CEO Frank Calderoni, Anaplan serves customers through a global footprint of 18 offices and more than 150 expert partners. The company raised $60M in a Series F and has now raised $300M in total capital. Management plans to use the proceeds to scale sales and customer success, enable partners, expand internationally with a focus on key lines of business, and grow the development team to accelerate product evolution and innovation. Anaplan sells financial planning as a service to large organizations, enabling shared planning and collaboration across stakeholders. The product competes with incumbent enterprise vendors such as Oracle, IBM and SAP and, to some degree, with Microsoft Excel. The company reports over 400 customers in 20 countries and plans to expand internationally, with a particular focus on growing in India. Management says this will be the last private round before an IPO in the “not-too-distant future” and has hired James Budge as CFO. Over the next year Anaplan plans to add engineering and go-to-market personnel and to build up the cloud infrastructure that supports the product, and expects about 900 employees by year-end. Financially, the company has raised a total just over $234 million across all rounds after the latest financing. Anaplan offers a cloud-based planning application that lets companies build and run complex planning models without managing code or infrastructure. The company introduced Anaplan Hub, a marketplace for pre-designed planning models that customers can preview, review, download and adapt, which is planned to go live this summer. CEO Frederic Laluyaux positions the Hub as an app-store–style community to help planners share models and accelerate deployment. Anaplan counts customers including HP, Kimberly-Clark, Procter & Gamble and Pandora. The product aims to create a “planning cloud” analogous to Salesforce’s sales cloud or Workday’s HR cloud, enabling users to plan where and when they need to. With the Hub and community focus, Anaplan is emphasizing both product functionality and network effects among planners. The company has significantly increased its funding to support these initiatives. Anaplan offers a cloud-based, in-memory modeling and planning platform that targets finance, sales and operations teams. Its applications let business users dynamically test and operationalize plans, manage multi-dimensional models, collaborate across functions and regions, and share insights via a built-in community. The company has introduced packaged offerings for finance, marketing, operations and HR, plus a sales performance management suite covering quota, territory and commissions management, real-time quoting and price optimization. Clients named in the article include McAfee, Diageo, Kimberly-Clark Eastern Europe and Pandora. Anaplan is led by CEO Fred Laluyaux and has expanded its presence in Europe, acquiring Vue Analytics and opening a European headquarters in Paris. The company plans to use new funding to expand into the UK, France, Sweden and Singapore, build new data centers globally and accelerate development of its business-user-centric platform. Anaplan provides a cloud platform that lets business users create rich, self-service planning and performance-management applications in days rather than months. The platform supports enterprise applications such as quota management, sales commission management, forecasting, project tracking, budgeting, and network capacity planning. The company emphasizes reducing reliance on traditional IT and consultants by enabling nontechnical users to configure solutions. Anaplan plans to use new funding to expand its sales force, enter new markets and build a global partner network. The company was founded in 2008 and is led by CEO Guy Haddleton and Chief Architect Michael Gould. It is based in San Francisco, California.

Total raised

$291M

Funding rounds

5

Latest round

Series F

Latest activity

Dec 2017