DFJ Growth leads $100m Series D for Anaplan


software binary code computerVenture capital firm DFJ Growth has led a massive $100m Series D round for cloud-based business planning software provider Anaplan.

Other investors in the round included Brookside Capital, Coatue Management, Sands Capital Management, and Workday as well as the firm’s existing backers Granite Ventures, Meritech Capital Partners, salesforce.com, and Shasta Ventures.

Anaplan recently expanded into Australia, France, Malaysia, Netherlands, Russia, Singapore, Sweden and the UK.

The company said it will use the funds to invest in engineering, go-to-market, and its growing partner ecosystem. It plans to double its headcount by the end of the year and build on its partnerships with Accenture, Deloitte, salesforce.com, and Workday.

DFJ Growth managing director Randy Glein said, “Dominant cloud players are emerging across all major categories to bring innovation, insights and new capabilities to the enterprise.

“Just as Salesforce has become a leading platform for customer relationship management and Workday for human resources and finance, we believe Anaplan is poised to become the category leader and platform of choice for cloud-based planning and execution across the enterprise.”

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