AppZen was founded in 2012 by Anant Kale and Kunal Verma. The company has not publicly endorsed plans to pursue an IPO, but the company is growing rapidly, arriving at a post-money valuation of $500 million in 2019, a significant increase from the previous year when AppZen was valued at $175 million. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

AppZen develops AI-powered tools specifically targeted at finance departments. The company's most popular product is an expense auditing program that automatically flags employee expenses that may not be compliant with company policy. AppZen has an impressive list of customers that includes Amazon, Boeing, ADM, Airbus, Verizon, Nvidia, Salesforce, and others. The company states that they are "trusted by a third of the Fortune 500." In 2019, the company raised $50 million in a funding round led by Coatue Management. Other investors include Redpoint Ventures and Lightspeed Venture Partners. This round raised the company's total funding to just over $100 million.

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To learn more about AppZen potential IPO

Will AppZen go IPO?

AppZen has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is AppZen’s IPO price?

The AppZen IPO price does not exist at this time, as AppZen is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to AppZen register for Forge Markets, today.

When was AppZen founded?

AppZen was founded in 2012.

What is AppZen funding to date?

AppZen has raised $102.48MM to date.

Who are AppZen’s major investors?

Redpoint Ventures
Lightspeed Venture Partners
Coatue Management
Resolute Ventures
FundersClub
Geodesic Capital
Bloomberg Beta
MasterCard
500 Global
Evolution VC Partners
Hard Yaka
KBW Ventures
Azoic Ventures

AppZen Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
09/11/2019 Series C $50MM $xx.xx $406.25MM Coatue Management, Lightspeed Venture Partners, Redpoint Ventures
Price per Share
$xx.xx
Shares Outstanding
19,825,532
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Coatue Management, Lightspeed Venture Partners, Redpoint Ventures
09/30/2018 Series B $35MM $xx.xx $174.99MM Lightspeed Venture Partners, Redpoint Ventures, Resolute Ventures
Price per Share
$xx.xx
Shares Outstanding
28,280,537
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Lightspeed Venture Partners, Redpoint Ventures, Resolute Ventures
11/01/2017 Series A $12.7MM $xx.xx $47.7MM Redpoint Ventures, Resolute Ventures
Price per Share
$xx.xx
Shares Outstanding
26,158,598
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Redpoint Ventures, Resolute Ventures
01/06/2017 Series Seed Plus $1.89MM $xx.xx $14.11MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
7,378,469
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/22/2016 Series Seed-1 $100,125.00 $xx.xx $6.78MM Bloomberg Beta, Mastercard, Resolute Ventures, Silicon Valley Bank
Price per Share
$xx.xx
Shares Outstanding
2,812,494
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bloomberg Beta, Mastercard, Resolute Ventures, Silicon Valley Bank
06/22/2016 Series Seed-2 $799,149.00 $xx.xx $6.78MM Bloomberg Beta, Mastercard, Resolute Ventures, Silicon Valley Bank
Price per Share
$xx.xx
Shares Outstanding
7,475,670
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bloomberg Beta, Mastercard, Resolute Ventures, Silicon Valley Bank
06/22/2016 Series Seed $2MM $xx.xx $6.78MM Bloomberg Beta, Mastercard, Resolute Ventures, Silicon Valley Bank
Price per Share
$xx.xx
Shares Outstanding
15,898,247
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bloomberg Beta, Mastercard, Resolute Ventures, Silicon Valley Bank
Updated on: Dec 21, 2024

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