US-based business planning software producer Anaplan secured $60m yesterday in a series F round that included Salesforce Ventures, the corporate venturing vehicle for enterprise software provider Salesforce.
The round was led by Premji Invest and also featured Top Tier Capital Partners, Baillie Gifford, Granite Ventures, Industry Ventures and Meritech Capital. It took Anaplan’s overall funding to $300m and valued the company at $1.4bn.
Anaplan has created a cloud-based platform that connects employees, data and plans, enabling organisations to streamline collaborative planning processes. It also incorporates a modelling and calculation engine to help users predict the impact of prospective decisions.
Frank Calderoni, president and chief executive of Anaplan, said: “As we continue to scale, we are excited to have this additional support from our investors.
“This funding is going to help accelerate our ability to explore new opportunities, grow our partner and customer community, and develop new technologies that will continue to build upon our world-class connected planning platform.”
Premji Invest also led Anaplan’s last funding, a $90m round in January 2016 that included Salesforce, Baillie Gifford, Founders Circle Capital, Granite Ventures, Meritech, Harmony Partners, Brookside Capital, Coatue Management, DFJ Growth, Sands Capital Management and Shasta Ventures.
Salesforce had invested in the company’s $33m series C round in 2013 alongside Meritech, Granite Ventures and Shasta Ventures, all four returning for a $100m series D in 2014 backed by enterprise software producer Workday, DFJ Growth, Coatue, Sands Capital and Brookside Capital.