The funds will be used to increase Adaptive Planning's reach into new markets, increase product development and expand sales planning and analysis capabilities. The amount matches the $45 million announced in May this year. That round was led by Bessemer Venture Partners with a group of existing investors, Onset Ventures, Norwest Venture Partners, RBC Venture Partners, Cardinal Venture Capital, and Monitor Ventures also participating.
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ADAPTIVE PLANNING GETS $45M Featured
Online budgeting software company Adaptive Planning has raised another $45 million in funding. The Mountain View, Calif.-based company says that new investors include Salesforce.com and former Oracle CFO Jeff Epstein, who has been named as a senior advisor to the company.