
Appzen
Valuation
$450M
2024 Revenue
$95M
Customers
22
Funding
$100.6M
YOY
39.8%
Avg ACV
$4.3M
Team
353
Founded
2012
How Appzen CEO Kunal Verma grew Appzen to $95M revenue and 22 customers in 2024.
AppZen is a software company that provides an AI-powered platform for finance teams. The platform uses artificial intelligence and machine learning algorithms to analyze financial data and automate a range of finance-related processes, including expense management, invoice processing, and auditing. AppZen's solutions are designed to help businesses reduce financial risk, increase compliance, and streamline their finance operations. The platform provides real-time insights into financial data, enabling finance teams to make data-driven decisions and optimize their financial strategies. The company was founded in 2012 and is headquartered in San Jose, California, with additional offices in India and Canada.
Last updated
Appzen Revenue
In 2024, Appzen's revenue reached $95M. The company previously reported $68M in 2023. Since its launch in 2012, Appzen has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | Appzen Hit $95m revenue in October 2024 |
| 2023 | Appzen Hit $68m revenue in December 2023 |
| 2020 | Appzen Hit $25m revenue in December 2020 |
| 2016 | Appzen Hit $1.1m revenue in June 2016 |
| 2012 | Launched with $0 revenue |
Appzen Valuation, Funding Rounds
Appzen reached a $450M valuation in 2019, set during its Series C round.
Appzen has raised $100.6M in total funding across 4 rounds, most recently a $50M Series C round in 2019.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2019 | Series C | $50M | $450M | 11% |
| 2018 | Series B | $35M | $140M | 25% |
| 2017 | Series A | $12.7M | $35M | 36% |
| 2016 | Seed Round | $2.9M | $3.7M | 79% |
Appzen Employees & Team Size
Appzen employs approximately 353 people as of 2026, up from 274 in 2023.
Appzen has 353 total employees in different roles and functions and 34 sales reps that carry a quota. They have 22 customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 353 employees (December 2024) |
| 2024 | Reached 348 employees (October 2024) |
| 2023 | Reached 274 employees (July 2023) |
| 2020 | Reached 255 employees (December 2020) |
| 2020 | Reached 247 employees (June 2020) |
| 2019 | Reached 211 employees (December 2019) |
| 2018 | Reached 115 employees (December 2018) |
| 2016 | Reached 14 employees (June 2016) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Appzen acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
Frequently Asked Questions about Appzen
What is Appzen's revenue?
Appzen generates $95M in revenue.
Who founded Appzen?
Appzen was founded by Kunal Verma.
Who is the CEO of Appzen?
The CEO of Appzen is Kunal Verma.
How much funding does Appzen have?
Appzen raised $100.6M.
How many employees does Appzen have?
Appzen has 353 employees.
Where is Appzen headquarters?
Appzen is headquartered in San Jose, California, United States.
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Compare Appzen to the industry
Appzen operates across multiple industries. Browse revenue, funding, and growth data for Appzen in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .