Appzenrevenue, valuation & funding
Expense Management SoftwareSan Jose, CaliforniaFounded 2012
AppZen is a software company that provides an AI-powered platform for finance teams.
Appzen revenue
Appzen's last reported revenue was $25M in December 2020 (Inc. 5000). GetLatka estimates it at about $95M a year (October 2024).
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Jun 2016 | $1.1M | – |
| Dec 2020 | $25M | Inc. 5000 |
| Dec 2023 | $68MEST. | Kona Equity estimate |
| Oct 2024 | $95MEST. | GetLatka estimate |
– source not recorded
Appzen valuation
Appzen is privately held, so there is no Appzen stock to buy. Investors valued it at $450M in its September 2019 Series C.
Valuation history$450M Series C 2019$140M Series B 2018$35M Series A 2017$3.7M Seed 2016
Appzen funding rounds & investors
Appzen has raised $100.6M across four rounds since 2016. The latest was a $50M Series C in September 2019.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Sep 2019 | Series C | $50M | $450M |
| Oct 2018 | Series B | $35M | $140M |
| Nov 2017 | Series A | $12.7M | $35M |
| Jun 2016 | Seed | $2.9M | $3.7M |
| Total raised | $100.6M |
Appzen competitors
Appzen competes most directly with Expensify.
| Company | Revenue | Funding | Employees | Customers | Founded |
|---|---|---|---|---|---|
 Expensify | $134M | $39.2M | 246 | 50K | 2008 |
| Appzen | $95M | $100.6M | 353 | 22 | 2012 |
Appzen founders & employees
Kunal Verma founded Appzen in 2012. Appzen had 353 employees (December 2024, LinkedIn), up from 274 a year earlier.
- Kunal VermaCo-Founder and CTO
- Anant KaleCEO
All 8 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 353 | |
| Oct 2024 | 348 | |
| Jul 2023 | 274 | – |
| Dec 2020 | 255 | – |
| Jun 2020 | 247 | – |
| Dec 2019 | 211 | – |
| Dec 2018 | 115 | – |
| Jun 2016 | 14 | – |
Appzen FAQ
What is Appzen's revenue?
GetLatka estimates Appzen's revenue at about $95M a year (October 2024). The last reported figure was $25M in December 2020, according to Inc. 5000.
What is Appzen's valuation?
Investors valued Appzen at $450M in its September 2019 Series C.
How much funding has Appzen raised?
Appzen has raised $100.6M across four funding rounds. The latest was a $50M Series C in September 2019.
Is Appzen publicly traded?
No. Appzen is a private company, so its shares aren't traded on a stock exchange.
How many employees does Appzen have?
Appzen had 353 employees in December 2024, according to LinkedIn.
Who founded Appzen?
Kunal Verma founded Appzen in 2012.
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How this page is sourced
3 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Sep 30, 2026Data disclaimerReport a correctionClaim this profileRun Appzen? Join the podcast