What is Apptio?
Founded in 2007, Apptio operates as a cloud-based enterprise resource planning software company, specializing in comprehensive IT financial management solutions. The company provides Software-as-a-Service (SaaS) products designed to empower organizations in optimizing their IT budgeting, forecasting, and financial analysis processes. With a global presence spanning North America, Europe, Asia Pacific, and Oceania, Apptio serves business-to-business (B2B) clients by offering advanced tools for technology business management. The company's journey included a public offering in 2016, followed by its acquisition by Vista Equity Partners in 2019, highlighting its strategic importance and growth trajectory in the competitive enterprise software landscape. Apptio continues to innovate in solutions for technology spending optimization and financial transparency.
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 Greylock Partners and Madrona Venture Group
Series B (2009): $14M led by Andreessen Horowitz, Andreessen-Horowitz, Madrona Venture Group, Shasta Partners, Shasta Ventures, and Greylock Partners
Series C (2010): $16.5M supported by Shasta Ventures, Greylock Partners, Andreessen Horowitz, Andreessen-Horowitz, Madrona Venture Group, and Shasta Partners
Series D (2012): $50M featuring Andreessen Horowitz, Madrona Venture Group, T. Rowe Price, Shasta Ventures, 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
Vista Equity Partners
Vista Equity Partners is a leading global investment firm exclusively focused on enterprise software, data, and technology-enabled organizations. They employ a strategic approach to create enduring market value through their investments in companies across various strategies, including private equity, permanent capital, and credit.
Greylock Partners
Greylock Partners is a venture capital firm that invests in exceptional entrepreneurs across various stages of company development. They aim to support companies in becoming global category leaders, leveraging their expertise to help businesses scale effectively.
Madrona Venture Group
Madrona Venture Group, established in 1995, is a venture capital firm that invests in consumer internet, commercial software, and services. They focus on supporting technology companies with significant growth potential.
What's next for Apptio?
Apptio's history of substantial funding rounds, culminating in a significant private equity acquisition by Vista Equity Partners, indicates a mature enterprise software company focused on scaling and market consolidation. The recent major strategic investment, as denoted by $1.9B, suggests a continued emphasis on product development, market expansion, or strategic acquisitions. Given its established presence and the nature of its solutions in IT financial management, future growth is likely to be driven by enhancing its cloud-based offerings, deepening its integration capabilities with other enterprise systems, and potentially exploring new verticals within the broader technology spending optimization market. The company's trajectory points towards continued innovation and market leadership.
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