What is Model N?
Model N, Inc., founded in 1999 and headquartered in San Mateo, California, provides cloud-based revenue management solutions tailored for the high-tech and life sciences industries. The company's offerings are designed to optimize complex revenue processes, ensuring compliance and maximizing profitability for its enterprise clients. This focus on critical business functions positions Model N as a key player in its niche markets.
How much funding has Model N raised?
Model N has raised a total of $183.5M across 2 funding rounds:
Private Equity
$11M
Debt
$172.5M
Private Equity (2004): $11M with participation from Accel-KKR and Accel Partners
Debt (2020): $172.5M led by Undisclosed
Key Investors in Model N
Accel-KKR
Accel-KKR is a technology-focused investment firm specializing in software and tech-enabled businesses poised for growth. They provide capital solutions for middle-market companies, focusing on building value through strong management partnerships and leveraging their extensive network.
Accel Partners
Accel Partners is a venture capital firm known for investing in early-stage technology companies. Their focus on innovation and growth aligns with companies seeking to scale their operations and market presence.
What's next for Model N?
The recent major strategic investment signals a new phase of growth and development for Model N. This capital infusion is likely to fuel further innovation in its revenue management platform, potentially expanding its market reach and enhancing its competitive edge. The company is poised to leverage this financial backing to deepen its solutions for the high-tech and life sciences sectors, reinforcing its role as a vital partner for businesses navigating complex revenue landscapes.
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