Apptus provides software for quote to cash automation including configure price quote as well as contract, renewals and revenue management.
The company, which has seen its revenues double this year, said that recent product releases have expanded its market opportunity.
K1 Capital managing partner Neil Malik said, “We are pleased to have the opportunity to invest in a category-defining company with impressive growth, a deep bench of loyal customers and huge potential for expansion.
“It is exceptional for a SaaS company to achieve such great success prior to a first funding round and clearly demonstrates the execution capability of its management team. We’re looking forward to working with Apttus as it delivers on its vision, and I’m excited to join the Apttus board of directors.”
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