# AppZen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appzen

- Industry: Software
- Headquarters: San Jose, US
- Website: www.appzen.com/
- Total disclosed funding: $282M
- Latest round: Series D (Sep 22, 2025)
- Investors on record: 13

## About

Founded in 2012 in San Jose, US, AppZen, Inc. specializes in finance automation solutions, focusing on AI-driven processes for finance workflows. In September 2025, AppZen, Inc. raised USD 180 million in series D funding led by Riverwood Capital, with participation from Redpoint Ventures, Lightspeed Venture Partners, Coatue Management, Bloomberg Beta, and 500 Global. Anant Kale (CEO) and Kunal Verma (CTO) are the co-founders of the company.

AppZen specializes in finance automation solutions, primarily focusing on accounts payable (AP), travel and expense (T&E) reporting, and corporate card auditing. Its flagship product, the AppZen Mastermind Platform, employs artificial intelligence (AI) to automate various finance workflows, enhancing efficiency and accuracy. The platform facilitates autonomous AP processing through accurate invoice data capture, general ledger coding, and complex purchase order matching, catering to global clients across diverse industries. Additionally, AppZen provides automated expense report auditing that detects fraud and enforces policy compliance on a worldwide scale, effectively servicing clients such as financial institutions, healthcare organizations, and manufacturing companies. The geographical markets served include North America, Europe, and Asia, where businesses are increasingly seeking to optimize their financial operations through advanced technology.

AppZen generates revenue primarily through subscription-based models for its AI-powered financial solutions. Clients engage with the company by subscribing to various tiers of its service offerings, including the AppZen Mastermind Platform and tailored automation solutions for AP, T&E, and card auditing. Transactions typically involve annual or monthly subscriptions, where clients pay for access to the software based on their usage and organizational needs. Additionally, AppZen may establish partnerships with enterprises seeking comprehensive finance automation, allowing for integrated solutions that meet specific operational requirements. The company’s pricing structure is designed to accommodate businesses of varying sizes, offering scalable options that align with the complexity and volume of their financial processes.

The company will use the September 2025 funding to accelerate global go-to-market growth and expand its Mastermind AI Studio with AI Agents.

## Funding rounds

- Series D, Sep 22, 2025, $180M — Riverwood Capital
- Series C, Mar 22, 2019, $50M — Lightspeed Venture Partners, Redpoint Ventures, Coatue Management, Geodesic Capital
- Series B, Jul 26, 2018, $35M — Lightspeed Venture Partners, Redpoint Ventures, Resolute Ventures
- Series A, Oct 17, 2017, $13M — Redpoint Ventures, Resolute Ventures
- Seed, Jan 6, 2017, $1.6M — MasterCard Investment, Silicon Valley Bank, 500 Global, FundersClub, Bloomberg Beta, Resolute Capital Partners
- Seed, Apr 27, 2016, $2.9M — MasterCard Investment, Silicon Valley Bank, Amicus Capital, 500 Global, Resolute Ventures, FundersClub, Bloomberg Beta
- Seed, Nov 1, 2014, $0.1M — 500 Global, FundersClub

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- MasterCard Investment — Seed
- Silicon Valley Bank — Seed
- Amicus Capital — Seed
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed, Series A, Series B
- Bloomberg Beta (https://capitalatlas.ai/funds/bloomberg-beta) — Seed
- Resolute Capital Partners (https://capitalatlas.ai/funds/resolute-capital-partners) — Seed
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series C
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series C
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series D