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Apttus Raises $41M in Series B Funding Round
SI Team
Tuesday, March 3, 2015
Apttus, the category-defining Quote-to-Cash solution provider, announced it has raised $41 million in a Series B funding round. The investment was led by Salesforce Ventures, the investment arm of Salesforce.com. It's worth noting that it is the largest investment ever in a company that Salesforce wasn't buying outright, according to Apttus CEO Kirk Krappe. Additional investors include K1 Capital and Iconiq. The investment builds on Apttus' long-term commitment to customer success with the Salesforce Platform. After first receiving $37 million in Series A funding in September 2013, Apttus has reinforced its dominant marketplace outpacing revenue for the third consecutive year and establishing its expansive product suite as an essential driver of profit and efficiency for users of Apttus.
Apttus is a provider of cloud solutions for configuring price quote, e-commerce, contract management, renewals management and revenue management: critical business solutions that provide an unbroken funnel from initial quoting to revenue management, known as the Quote-to-Cash process. The company has experienced significant growth since its founding in 2006, and was recently selected to the Deloitte Fast 500 list for the first time due to its growth rate over the previous five years.
"Adhering to the values we based this company on has resulted in a level of success that goes beyond all of our initial expectations," said Kirk Krappe, CEO and co-founder of Apttus. "What's truly important though is continuing to exceed the expectations of our customers. As we continue on this path, growing and innovating alongside strategic partners and investors that share our values is the key to our future success."

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