What is Apprio?
Apprio is a specialized technology solutions provider catering to critical sectors including healthcare, defense, and homeland security. The company distinguishes itself by offering innovative IT and program management services, encompassing areas such as emergency response management and financial management. Apprio aims to deliver the comprehensive methodologies and thought-leadership typically associated with larger integrators, while maintaining the cost-effectiveness and collaborative approach of smaller firms. This dual approach positions Apprio to effectively address complex client needs within its target markets.
How much funding has Apprio raised?
Apprio has raised a total of $76.7M across 4 funding rounds:
Series A
$1.1M
Series B
$5.6M
Series C
$10M
Series D
$60M
Series A (2008): $1.1M with participation from Salesforce
Series B (2008): $5.6M led by Steamboat Ventures
Series C (2009): $10M, investors not publicly disclosed
Series D (2012): $60M featuring Steamboat Ventures, General Atlantic, and GGV Capital
Key Investors in Apprio
Steamboat Ventures
Steamboat Ventures, founded in 2000, focuses on helping young companies become market leaders. They invest in early to growth stage companies within the technology, media, and consumer sectors. The firm is dedicated to creating lasting value in each of its investments. Their approach emphasizes a commitment to nurturing and supporting the growth of their portfolio companies.
General Atlantic
General Atlantic is a global growthequity firm that provides capital and strategic support to highgrowth companies in sectors such as consumer, financial services, healthcare, life sciences, and technology. With dozens of portfolio companies worldwide and offices across the Americas, EMEA, and AsiaPacific, it partners with founders and management teams to accelerate growth, international expansion, and transformational initiatives.
GGV Capital
Co-founded in Silicon Valley and Singapore in 2000, GGV Capital is a global venture firm that invests in local founders. With billions under management, with investments across the globe, As a multi-stage, sector-focused firm, GGV Capital invests in seed-to-growth stage companies across three sectors: Social/Internet, Enterprise Tech, and Smart Tech. Over the past two decades, we have backed companies around the world, including Affirm, Airbnb, Alibaba, Big Commerce, Boss Zhipin, Grab, HashiCorp, Hello, JD MRO, Keep, Kujiale, Manbang, NIU, Opendoor Technologies, Peloton, Poshmark, Qunar/Ctrip, Slack, Square, StockX, Udaan, Wish, XPeng, Zendesk, and more.
What's next for Apprio?
The recent major strategic investment in Apprio, following a series of significant funding rounds, indicates a strong investor confidence and a strategic push for expansion or further development. Given the enterprise-level context of its funding, Apprio is likely in a scaling phase, potentially focusing on enhancing its service offerings, expanding its market reach within the defense and homeland security sectors, or further developing its IT and program management capabilities for the healthcare industry. The company's trajectory suggests a focus on solidifying its position as a key technology solutions provider in its specialized domains.
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