AppZen Overview
- Year Founded
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2012
- Status
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Private
- Employees
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376
- Latest Deal Type
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Series D
- Latest Deal Amount
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$180M
- Investors
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17
AppZen General Information
Description
Developer of autonomous finance software designed to automate accounts payable and expense auditing processes. The company's platform utilizes deep learning, computer vision, and semantic analysis to process financial transactions, enabling finance departments to reduce spend, ensure policy compliance, and streamline operational workflows.
Contact Information
Website
www.appzen.comCorporate Office
- 4655 Great America Parkway
- Suite 450
- Santa Clara, CA 95054
- United States
Corporate Office
- 4655 Great America Parkway
- Suite 450
- Santa Clara, CA 95054
- United States
AppZen Timeline
AppZen Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 9. Later Stage VC (Series D) | 29-Jul-2025 | $180M | Completed | Generating Revenue | ||
| 8. Secondary Transaction - Private | 01-Dec-2022 | Completed | Generating Revenue | |||
| 7. Later Stage VC (Series C) | 09-Sep-2019 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series B) | 25-Jul-2018 | Completed | Generating Revenue | |||
| 5. Later Stage VC (Series A) | 01-Nov-2017 | Completed | Generating Revenue | |||
| 4. Seed Round | 18-Jan-2017 | Completed | Startup | |||
| 3. Seed Round | 12-May-2016 | Completed | Startup | |||
| 2. Accelerator/Incubator | 28-May-2015 | $100K | Completed | Startup | ||
| 1. Accelerator/Incubator | 01-Nov-2014 | $100K | $100K | Completed | Startup |
AppZen Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | ||||||||
| Series B | ||||||||
| Series A | ||||||||
| Seed Plus | ||||||||
| Seed-2 | ||||||||
| Seed-1 | 2,812,494 | $0.000010 | 8% | $0.04 | $0.04 | 1x | $0.04 | 1.75% |
| Seed | 15,898,247 | $0.000010 | 8% | $0.13 | $0.13 | 1x | $0.13 | 9.9% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
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AppZen Comparisons
Industry
Financing
Details
AppZen Competitors (31)
One of AppZen’s 31 competitors is Medius, a Private Equity-Backed company based in Linkoping, Sweden.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Medius | Private Equity-Backed | Linkoping, Sweden | ||||
| Basware | Private Equity-Backed | Espoo, Finland | ||||
| Oversight Systems | Private Equity-Backed | Atlanta, GA | ||||
| Airbase. | Formerly VC-backed | San Francisco, CA | ||||
| Captio Tech | Private Equity-Backed | Barcelona, Spain |
AppZen Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
AppZen Patents
AppZen Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-12632885-B1 | Apparatus and method for automatically assigning general ledger codes to an accounts payable invoice | Active | 10-Jul-2023 | ||
| US-12469058-B1 | Apparatus and method for automatically matching purchase order line-items with accounts payable invoice line-items | Active | 10-Jul-2023 | ||
| US-11954440-B1 | Apparatus and method for processing digital invoices with invoice entity feedback override of trained machine learning models | Active | 17-Sep-2021 | ||
| US-11126838-B2 | Apparatus and method for matching line item textual entries with individual image objects from a file with multiple image objects | Active | 07-Feb-2020 | ||
| US-20210248365-A1 | Apparatus and method for matching line item textual entries with individual image objects from a file with multiple image objects | Active | 07-Feb-2020 | G06V30/40 |
AppZen Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
AppZen Investors (17)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| CPP Investments | Asset Manager | Minority | ||
| Riverwood Capital | PE/Buyout | Minority | ||
| Angel (individual) | Minority | |||
| Angel (individual) | Minority | |||
| Coatue Management | PE/Buyout | Minority |
AppZen FAQs
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When was AppZen founded?
AppZen was founded in 2012.
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Where is AppZen headquartered?
AppZen is headquartered in Santa Clara, CA.
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What is the size of AppZen?
AppZen has 376 total employees.
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What industry is AppZen in?
AppZen’s primary industry is Financial Software.
-
Is AppZen a private or public company?
AppZen is a Private company.
-
What is the current valuation of AppZen?
The current valuation of AppZen is .
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What is AppZen’s current revenue?
The current revenue for AppZen is .
-
How much funding has AppZen raised over time?
AppZen has raised $282M.
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Who are AppZen’s investors?
CPP Investments, Riverwood Capital, , , and Coatue Management are 5 of 17 investors who have invested in AppZen.
-
Who are AppZen’s competitors?
Medius, Basware, Oversight Systems, Airbase., and Captio Tech are some of the 31 competitors of AppZen.
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