Apttus Grabs raises $108M

What does Apttus do?

Apttus, is a SaaS application provider, which renders enterprise class applications for end to end management of business functions. The company is a provider of Quote-to-Cash solution. The company’s enterprise class software drives the important business processes between the buyer’s interest in a purchase and realization of revenue. The company’s Quote-to-Cash solution, the Salesforce Platform, which is delivered on the world’s most trusted cloud platform, increases sales and maximizes control and visibility. Its applications include Contract Management, Configure-Price- Quote, Revenue and Renewals management. The company’s patent pending X-Author technology helps Microsoft Office to be UI with total control and interaction between Microsoft Office and Salesforce. The company is based in California, San Mateo, with offices also in London, UK and Ahmedabad, India.

How much Apttus was funded?

Apttus raised $108M in Series C funding on September 1, 2015 from Kuwait Investment Authority (Lead), K1 Capital, Iconiq Capital, Salesforce Ventures and K1 Investment Management.

Previous funding

• $37M in Series A funding on September 17, 2013 from Iconiq Capital, Salesforce Ventures and K1 Investment Management

• $41M in Series B funding on February 2, 2015 from Salesforce Ventures(Lead), K1 Investment Management and Iconiq Capital

What is next for Apttus?

The funds from the latest round of funding will be used for providing new business solutions and services to Apttus customers and prospects in fields such as life sciences, manufacturing, telecommunications and financial services. The funding will reinforce the company’s leading position within a marketplace opportunity it helped create in 2006. The funding round is a strong indicator of the company’s growth potential product suite and the strength of its platform for companies of all sizes.

More about Apttus

Apttus was founded in 2006 by Kirk Krappe. It has its headquarters in San Mateo, CA. The company is a provider of cloud solutions for configure price quote, contract management, e-commerce etc.