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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Learn more about AppZen

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What is AppZen's IPO price?

The IPO price for AppZen will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in AppZen?

AppZen is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell AppZen shares pre-IPO?

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Is AppZen a publicly traded company?

AppZen is a private company and not publicly traded.

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What is AppZen's funding to date?

AppZen has raised $102.48MM to date.
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When was AppZen founded?

AppZen was founded in 2012.

Who are AppZen's major investors?

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

AppZen Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
9/11/2019 Series C $50MM raised $XXX.XX $XXX.XX
9/30/2018 Series B $35MM raised $XXX.XX $XXX.XX
11/1/2017 Series A $12.7MM raised $XXX.XX $XXX.XX
1/6/2017 Series Seed Plus $1.89MM raised $XXX.XX $XXX.XX
6/22/2016 Series Seed, Seed-1 and Seed-2 $2.9MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: May 23, 2024


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