AppZen IPO

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.

Buy or sell AppZen stock Learn more about AppZen stock

Learn more about AppZen

Is AppZen a publicly traded company?

AppZen is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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 through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

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.

Can you invest in AppZen pre-IPO?

AppZen is privately held company and is not publicly traded, therefor investing in AppZen pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

What is the value of my AppZen shares?

To determine the value of your AppZen shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your AppZen shares. You can also learn more about how to sell your private shares before getting started.

Can you sell AppZen before it goes public?

Yes, you can seek to sell shares in AppZen while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is AppZen's funding to date?

AppZen has raised $102.48MM to date.

When was AppZen founded?

AppZen was founded in 2012.

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 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

Frequently Asked Questions

Updated on: Jul 26, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.

AppZen IPO

Register for Details

Learn more about AppZen

Is AppZen a publicly traded company?

Will AppZen go IPO?

What is AppZen's IPO price?

Can you invest in AppZen pre-IPO?

What is the value of my AppZen shares?

Can you sell AppZen before it goes public?

What is AppZen's funding to date?

When was AppZen founded?

Who are AppZen's major investors?

AppZen funding rounds and last known valuation

Series C

Series B

Series A

Series Seed Plus

Series Seed, Seed-1 and Seed-2

Private companies exploring an IPO

Frequently Asked Questions

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES