About AppZen
AppZen is a company based in Sunnyvale (United States) founded in 2012 by Kunal Verma and Anant Kale. AppZen has raised $282.51 million across 8 funding rounds from investors including Mastercard, SVB and FundersClub. The company has 130 employees as of April 07, 2024. AppZen operates in a competitive market with competitors including Conta Simples, Mendel, Brightflag, FlexM and Center, among others.
- Headquarter Sunnyvale, United States
- Employees 130 as on 07 Apr, 2024
- Founders Kunal Verma, Anant Kale
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Appzen Labs India Private Limited
- Date of Incorporation 25 Mar, 2019
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$4.03 M (USD)62.84as on Mar 31, 2022
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Net Profit
$456.12 K (USD)63.42as on Mar 31, 2022
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EBITDA
$741.13 K (USD)80.07as on Mar 31, 2022
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Total Equity Funding
$282.51 M (USD)
in 8 rounds
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Latest Funding Round
$180 M (USD), Series D
Sep 22, 2025
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Investors
Mastercard
& 10 more
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Employee Count
130
as on Apr 07, 2024
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People of AppZen
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Software Development Team
8 people
Sales and Marketing
8 people
Product Management Team
7 people
Leadership Team
6 people
Human Resources and Administration
4 people
Unknown Team
3 people
Data Analysis and Operations Team
3 people
Finance and Accounting
3 people
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Funding Insights of AppZen
AppZen has successfully raised a total of $282.51M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $180 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AppZen
AppZen has secured backing from 11 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mastercard, SVB and FundersClub.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Redpoint Ventures is engaged in venture capital investments.
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Investor details for AppZen
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by AppZen
Investment portfolio details for AppZen
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- Transaction dates
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Financial Statements - AppZen
Detailed financials for AppZen
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Appzen Comparisons
Peer comparison for AppZen
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Competitors of AppZen
AppZen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Conta Simples, Mendel, Brightflag, FlexM and Center, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital bank for businesses
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Expense analysis and management solutions are provided for businesses.
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AI-based legal spend management software is offered for corporate lawyers.
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Expense management and bill payment solutions are offered to businesses.
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AI-based expense management software is utilized for reporting and auditing.
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Detailed competitors of AppZen
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Latest news on Appzen
Complete news archive for AppZen
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Frequently Asked Questions about AppZen
AppZen was founded in 2012 and raised its 1st funding round 2 years after it was founded.
AppZen is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Anant Kale is the current CEO of AppZen. They have also founded this company.
AppZen is a funded company, having raised a total of $282.51M across 8 funding rounds to date.
As of Apr 07, 2024, the latest employee count at AppZen is 130.
Annual revenue of AppZen is $4.03M as on Mar 31, 2022.
AppZen was founded in 2012 in Sunnyvale, United States, and operates in the fintech sector focused on expense management. Natural language processing, machine learning, and artificial intelligence are utilized by the companys virtual assistant to handle enterprise expense report audits and compliance. Reports are automatically generated from sources including credit cards, receipts, calendars, and travel itineraries via a mobile solution. Clients such as Comcast, National Instruments, and Calypso are served.
AppZen's top competitors include Conta Simples, Brightflag and FlexM.
AppZen has 11 investors. Key investors include Mastercard, SVB, FundersClub, Lightspeed Venture Partners, and Coatue.