Adaptive Planning Obtains $45,000,000 New Financing

  • Feed Type
  • Date
    5/21/2013
  • Company Name
    Adaptive Planning
  • Mailing Address
    2041 Landings Drive Mountain View, CA 94043
  • Company Description
    Adaptive Planning is the leading provider of on-demand budgeting, forecasting, reporting and analytics applications. Adaptive Planning makes it easy for small to mid-size companies to move beyond spreadsheets to a full-featured planning solution for 1/5 the cost of traditional enterprise planning applications.
  • Website
    http://www.adaptiveplanning.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $45,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Adaptive Planning will use the additional capital to scale its direct sales and partner channels in North America, expand into attractive new enterprise and international markets, and drive new product innovation.
  • M&A Terms
  • Venture Investor
    Bessemer Venture Partners
  • Venture Investor
    ONSET Ventures
  • Venture Investor
    Norwest Venture Partners
  • Venture Investor
    Cardinal Venture Capital
  • Venture Investor
    RBC Technology Ventures
  • Venture Investor
    Monitor Ventures