Seed round of $600,000, bridge loan by angel investors of $1.4 million. Raising series A in Q4 2009.
Competitors
Adaptive Planning, Host Analytics, Microsoft Excel, online spreadsheets.
Product Description
Anaplan transforms the way companies large and small plan and manage their everyday business activities. Its on-demand suite of business applications (such as revenue, sales and cash forecasts, project plans, employee management, budgets, demand plans) enables managers and workgroups to spontaneously collaborate, change and compare business data across the business. Live in hours, not weeks; its revolutionary "Snap plug-and-play architecture automatically connects applications. From $49 per month for 3 users.
Market Opportunity
Anaplan addresses several market segments: (i). Traditional CPM market -- $1.8 billion (Gartner 2007). (ii) SMB for financial management -- cash forecasts; currently managed by spreadsheets -- supporting Quickbooks, Sage, MYOB and Xero. (iii) Non-financial workgroup market -- covering sales, service, marketing, procurement, HR, supply chain processes currently on spreadsheets.
DEMO Says
As the SaaS delivery model drives enterprise-class functionality into smaller enterprises, Anaplan comes onto the scene. Its founders' deep experience in business analytics and the company's disruptive pricing model give small businesses the software they need to retool their business performance. As importantly, the software design is as simple to use as it is to buy, offering remarkable performance in a product as simple to use as an ordinary spreadsheet.