Appzen

Appzen provides an AI platform for finance teams to automate accounts payable, expense management, and corporate card programs.

Latest funding

$180M Series B+ · September 22, 2025

Led by Riverwood Capital · Source: fundraisingfox.com

Total raised: $280.9M across 5 sourced rounds

All 6 rounds ↓

Website: appzen.com.

X: @appzen · 1,405 followers.

LinkedIn: linkedin.com.

Categories: Legal and compliance Fintech Cybersecurity.

Sectors: FinTech.

Stage: Series B+.

Based in: United States.

Founded: 2013.

Total raised: $280.9M in 5 sourced rounds.

Last round: Sep 22, 2025 · 416 days ago.

Headcount: 251–500 employees.

On Recent Funding since: Sep 28, 2026.

Signals

X account@appzen · created Aug 22, 2014 (12 years old) · 1,405 followers

Website registeredSep 25, 2006 (20 years old)

About Appzen

Its software helps finance leaders, CFOs, CIOs, and shared services leaders with fraud detection, OPEX reduction, and regulatory compliance. Appzen sells its software to enterprises, including those in higher education, life sciences, and manufacturing.

TIMELINE · MONEY RAISED

Appzen | 670 days from X account to first raise on record

@appzen·Raised $281M in 5 sourced rounds·1 signal before the first raise

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

September 22, 2025
Series B+ · $180M
RRiverwood Capital (lead), 5500 Global, BBloomberg Beta, CCoatue, LLightspeed, RRedpoint Ventures
Source: fundraisingfox.com
September 9, 2019
Series B+ · $50M
CCoatue (lead), EEmpede Capital, GGeodesic Capital, LLightspeed, RRedpoint Ventures, SSand Hill Angels
Source: finsmes.com
October 30, 2018
Series B+ · $35M
LLightspeed (lead), RRedpoint Ventures, RResolute Ventures, SSand Hill Angels
Source: techcrunch.com
November 1, 2017
Series A · $13M
RRedpoint Ventures (lead), RResolute Ventures
Source: techcrunch.com
June 22, 2016
Seed · $2.9M
RResolute Ventures (lead), AAmicus Capital, AArba Seed Investment Group, BBloomberg Beta, FFirst Citizens Innovation Banking, FFundersClub, MMastercard
Source: wsj.com
August 22, 2014
X account created
GA 11
5500 Global · batch
Source: 500.co
September 25, 2006
Website created

Founders and team

AK
Anant Kale Founder

@anantkale · LinkedIn · source: 500.co
GA
Gaurav Agrawal Founder

source: 500.co
KV
Kunal Verma Founder

@kunalverma1 · LinkedIn · source: 500.co
CB
Chris Bollerud Senior Director and Distinguished Architect
DS
Debashis Saha Senior Vice President, Platform & Engineering
JN
John Narbaitz Senior Vice President Of Global Sales
JA
Jon Atterbury VP Marketing Campaigns and Operations
RT
Richard Terry-Lloyd Chief Revenue Officer

Investors

Companies like Appzen

TTipalti$200M Series B+ · Sep 2025
FFinom$130M Series B+ · Jun 2025
AAspire$100M Series B+ · Feb 2023
CCozero$6.91M Series A · Apr 2024
PPazy$700K Pre Seed · Jun 2025
PPayhawkSeries B+ · Jan 2026

Other companies backed by Riverwood Capital

LLeapXpert$180M Series B+ · Jun 2026
AAgendaPro$35M Series B+ · Aug 2025
CCRM&Bonus$75M Series B+ · Jun 2024
NNium$50M Series B+ · Jun 2024
TTradesy$67M Series B+ · Sep 2021
IInsider OneSeries A · Aug 2026

Riverwood Capital portfolio →

Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/appzen (get a free API key).