Deals
Anaplan Valued at $1.1 Billion After $90 Million Pre-IPO Round
- San Francisco startup raises funding from private investors
- The software developer is weighing a market listing, CEO says
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Anaplan Inc. raised $90 million from private investors led by Premji Invest, giving the Salesforce.com Inc.-backed software developer a valuation of $1.1 billion as it ponders a market listing.
The San Francisco-based startup, which develops web-based business-planning software to rival Oracle Corp. and SAP SE’s, said it raised money from Baillie Gifford, Founders Circle Capital and Harmony Partners, as well as existing investors including Salesforce. Anaplan will use the funds to woo new customers globally, as well as develop its product and infrastructure, Chief Executive Officer Frederic Laluyaux said in an interview.