What is Model N?
Founded in 1999 and headquartered in San Mateo, California, Model N offers critical revenue management solutions designed to optimize complex business processes for its clients. The company's cloud-based platform addresses the unique challenges faced by high tech and life sciences industries, enabling them to manage pricing, quoting, and contracting effectively. This focus on specialized enterprise needs positions Model N as a key player in a niche but vital segment of the software industry.
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 Partners and Accel-KKR
Debt (2020): $172.5M led by Undisclosed
Key Investors in Model N
Accel Partners
Accel Partners is a prominent venture capital firm known for investing in technology companies across various stages. Their focus often includes software and internet businesses, providing strategic guidance and capital to foster growth and market leadership.
Accel-KKR
Accel-KKR is a technology-focused investment firm specializing in software and tech-enabled businesses. They partner with management teams to drive growth through buyouts, minority investments, and credit alternatives, leveraging their extensive network.
What's next for Model N?
The substantial enterprise-level funding and recent strategic investment indicate a phase of significant growth and potential market expansion for Model N. This capital infusion is likely to fuel further development of its revenue management platform, enhance its go-to-market strategies, and potentially support acquisitions or deeper penetration into its target industries. The company appears poised to leverage this financial backing to solidify its leadership and drive innovation in revenue optimization solutions.
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