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Software firm Anaplan lands $90m, becomes latest UK-founded unicorn

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Software company Anaplan has raised $90m in new funding, becoming the second UK-founded company to receive unicorn status this week.

Although it is now headquartered in San Francisco, Anaplan was founded by CTO Michael Gould in a Yorkshire barn ten years ago.

Led by Premji Invest, the company’s funding round also drew participation from Baillie Gifford, Founders Circle Capital and Harmony Partners, alongside the company’s previous investors.

According to a company post, the funds will be used to meet global demand for its cloud-based business planning and modelling platform.

“Premji Invest is thrilled to lead this investment round because we have seen a broad range of companies around the world transform their business with Anaplan’s agile planning and modeling platform,” said Sandesh Patnam, partner and led US investor at Premji Invest.

“Anaplan is a game changer because it enables companies to not only make the processes faster and easier, but also fundamentally change the way their people work and make decisions,” he added.

Alongisde the funding announcement, which comes after Edinburgh-based Skyscanner landed £128m in funding earlier this week, the firm also said it had appointed James Budge, an experienced technology executive, as its CFO.

“We are thrilled to welcome our new investors and James to the company. With James’ tremendous track record we now have an outstanding finance executive on our team to guide our continued growth,” said Anaplan president and CEO Fred Laluyaux.

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