US-based enterprise planning software producer Anaplan raised $90m today in a series round that included enterprise software provider Salesforce.com, and which valued the company at “upwards of $1bn”.
Investment firm Premji Invest led the round, while Baillie Gifford, Founders Circle Capital, Harmony Partners, Brookside Capital, Coatue Management, DFJ Growth, Granite Ventures, Meritech Capital Partners, Sands Capital Management and Shasta Ventures also took part.
Anaplan’s cloud-based planning and modelling platform incorporates app management and collaboration in the cloud, and presents the information through a straightforward interface.
The company also operates an app hub through which customers and their partners can build, share and use planning apps.
Anaplan has now raised about $240m in funding altogether, having secured $100m in a 2014 series D round featuring Salesforce, enterprise software provider Workday, DFJ Growth Brookside, Coatue, Sands Capital Management, Granite, Meritech and Shasta.
Salesforce also participated in a $33m series C round in 2013 that included Meritech, Granite and Shasta.
Allen & Company acted as financial adviser to Anaplan on the series E round.