What is Apptio?
Founded in 2007, Apptio offers cloud-based enterprise resource planning software, specializing in IT financial management solutions. The company provides Software-as-a-Service (SaaS) products designed to help organizations optimize their IT budgeting, forecasting, and financial analyses. Apptio's suite of tools facilitates technology spending optimization and enhances financial transparency for its B2B clientele. The company, headquartered in the United States with a global operational footprint, previously went public in 2016 before its acquisition by Vista Equity Partners in 2019.
How much funding has Apptio raised?
Apptio has raised a total of $2.2B across 7 funding rounds:
Series A
$7M
Series B
$14M
Series C
$16.5M
Series D
$50M
Series E
$45M
Stock Offering
$96M
Private Equity
$1.9B
Series A (2007): $7M with participation from Madrona Venture Group and Greylock Partners
Series B (2009): $14M led by Madrona Venture Group, Shasta Partners, Andreessen-Horowitz, Shasta Ventures, Greylock Partners, and Andreessen Horowitz
Series C (2010): $16.5M supported by Shasta Partners, Andreessen-Horowitz, Shasta Ventures, Andreessen Horowitz, Madrona Venture Group, and Greylock Partners
Series D (2012): $50M featuring Madrona Venture Group, Andreessen Horowitz, Shasta Ventures, T. Rowe Price, and Greylock Partners
Series E (2013): $45M backed by Janus Capital
Stock Issuance/Offering (2016): $96M, investors not publicly disclosed
Private Equity (2019): $1.9B led by Vista Equity Partners
Key Investors in Apptio
Madrona Venture Group
Founded in 1995, Madrona Venture Group is a venture capitalist investment company focusing on sectors including consumer internet and commercial software. They are known for backing technology companies.
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm that invests in both early-stage and growth-stage technology companies. They are recognized for their deep involvement in the tech startup ecosystem.
Vista Equity Partners
Vista Equity Partners is a leading global investment firm that exclusively invests in enterprise software, data, and technology-enabled organizations. They focus on driving sustainable growth and market value.
What's next for Apptio?
The recent major strategic investment in Apptio suggests a phase of accelerated scaling and potential market expansion. As an established enterprise software company that has navigated both public markets and private equity, this latest capital infusion is likely to fuel further innovation in its IT financial management solutions. The company's trajectory indicates a focus on solidifying its leadership in technology business management and potentially exploring new avenues for growth and service enhancement within the enterprise software landscape.
See full Apptio company page
