Apttus Raises $88 Million Series D

 

SAN MATEO — Apttus, a Quote-to-Cash solution provider, has raised an $88 million Series D funding round.

Investors in this round include GII and a combination of old and new investors, including K1, Iconiq and KIA. This investment follows a $37 million Series A round in September 2013, a $41 million Series B round in February 2015, and a $108 million Series C round in September 2015. Apttus’ total funding to date is $274 million.

The company plans to use the funds will be used to deliver transformative business solutions to Apttus customers across the globe, and allow Apttus to run its operations profitably, while continuing its rapid growth and long history of innovation. The market opportunity of Quote-to-Cash solutions is projected to grow to $41B billion by 2018.

Apttus was founded in 2006. It now has over 1,200 employees and over 500 customers. Apttus drives the vital business process between the buyer’s interest in a purchase and the realization of revenue.

“Apttus has brought the transformative power of Quote-to-Cash to hundreds of organizations and millions of users, and our transformative machine learning offerings have guaranteed a bright future for the entire Apttus community,” said Kirk Krappe, CEO and co-founder of Apttus.  “Today, we’ve secured funds that will return us to operational profitability and continue our advancement of the industry we created over a decade ago. This enormous step forward in our path to IPO, and all of our accomplishments, stems from our deep dedication to the success of our customers.”