AppZen IPO
$406.25MM
Series C Valuation, Sep 2019
Buy And Sell AppZen StockLearn More About AppZen Stock
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.
| 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 | $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
|
||||||
| 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-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
|
||||||
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Anduril | $42.52 | +42.78% | $xx.xx | Series G | $28B | $xx.xx | $2.58B |
 | Cerebras | $28.78 | -0.14% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $22.43 | +0.4% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Figure | $5.76 | +7.87% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Liquid Death | $9.00 | -6.25% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Circle | $30.00 | +17.65% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM |
 | Chime | $31.50 | +0.8% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B |
Updated on: Feb 13, 2025
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