About AppZen
AppZen is a Technology company based in Sunnyvale (United States) founded in 2012 by Kunal Verma and Anant Kale. Personal Assistant for Expense Management. AppZen has raised $282.51 million across 8 funding rounds from investors including Mastercard, SVB and FundersClub. The company has 130 employees. Its chief executive, as recorded, is Anant Kale. Its website appzen.com draws about 26 thousand monthly visits. Its Indian entity Appzen Labs India Private Limited reported revenue of ₹52.44 Cr. Its focus areas include FinTech, Finance & Accounting Tech, Financial Planning & Analysis and Financial Analytics. Its competitors include Center, Toolbox and MediSpend; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Sunnyvale, United States
- Employees 130
- Founders Kunal Verma, Anant Kale
- SectorsTechnology
- Website appzen.com
- Social LinkedIn X Facebook
- Legal Name Appzen Labs India Private Limited
- Date of Incorporation 25 Mar, 2019
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹52.44 Cr
FY 2025 · +19% YoY
- Indian entity net profit₹5.15 Cr
FY 2025 · 10% margin
- Indian entity EBITDA₹7.92 Cr
FY 2025 · 15% margin
- Total Equity Funding$282.51M (USD)
in 8 rounds
- Latest Funding Round$180M (USD), Series D
Sep 2025
- InvestorsMastercard
& 10 more
- Employee Count130
Associated legal entities of AppZen
AppZen operates through Appzen Labs India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Appzen Labs India Private Limited CIN U72900PN2019PTC182971 | Active | 25 Mar 2019 | Pune, Maharashtra | ₹52.4 Cr | 130 | 3 | View details |
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.
- Total Funding $282.51M
- Total Rounds 8
- Last Round Series D — $180M
- Investors Count 11
All 8 funding rounds of AppZen with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2025 | $180M | Series D | – | Riverwood Capital | – |
| Sep 2019 | $50M | Series C | – | Coatue | |
| Oct 2018 | $35M | Series B | – | Arif Janmohamed, Lightspeed Venture Partners | |
| Nov 2017 | $13M | Series A | – | Redpoint Ventures | |
| Jan 2017 | $1.61M | Seed | – | – | – |
| May 2016 | $2.9M | Seed | – | Resolute Ventures | |
| Nov 2015 | Seed | – | – | ||
| Nov 2014 | Seed | – | 500 Global | – |
11 investors in total: 10 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of an investment platform for various stages | coatue.com | New York, United States | ||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Redpoint Ventures is engaged in venture capital investments. | redpoint.com | Woodside, United States | ||
Early-stage venture capital funding is provided to founders. | resolute.vc | San Francisco, United States | ||
Corporate backed venture capital firm focused on multiple sectors | bloombergbeta.com | San Francisco, United States | ||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Carveout investments are managed by Riverwood Capital in private equity. | riverwoodcapital.com | Menlo Park, United States | ||
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Fundraising platform connects startups with investors for capital and support. | 2012 | fundersclub.com | San Francisco, United States | |
Global payments are processed via card network connections. | 1966 | mastercard.com | Purchase, United States |
Investor details for AppZen
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Appzen Labs India Private Limited (AppZen)
Appzen Labs India Private Limited is the primary company behind AppZen. The board of Appzen Labs India Private Limited currently have 3 directors; the longest-serving is Mandar Sudhakar Munagekar, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mandar Sudhakar Munagekar DIN 08398708 | Director | 25 Mar 2019 | 7 yrs 7 mo | Appzen Labs India Private Limited |
| Anant Dattatraya Kale DIN 08435744 | Director | 09 May 2019 | 7 yrs 6 mo | Appzen Labs India Private Limited |
| Kunal Balaji Verma DIN 08441421 | Director | 09 May 2019 | 7 yrs 6 mo | Appzen Labs India Private Limited |
People of AppZen
62 people are tracked at AppZen (20 in leadership, 2 in board & advisors, 40 in team); the tracked headcount is 130.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Pat Oldenburg | CMO | Leadership |
Matt Wright | Chief Customer Officer | Leadership |
| Head : Operations | Leadership | |
John Narbaitz | COO | Leadership |
Yoona Wong | VP, People & Culture | Leadership |
Sandeep L. | VP Of Product | Leadership |
Anthony Contreras | Director Of Revenue And Deal Strategy | Leadership |
Sagar Patil | Associate Director - Product Operations | Leadership |
Hyram D. | Senior Director, Software Engineering | Leadership |
Gaurav Agrawal | Chief Financial Officer | Leadership |
Roopa Badi | Director - Finance / Assistant Controller | Leadership |
Julie Gora | Head Of Field And Event Marketing- Global | Leadership |
Mark Haywood | General Manager - EMEA | Leadership |
Debashish Panigrahi | Vp, AI & Machine Learning | Leadership |
Ganesh Kaveripakkam | Head Of Products | Leadership |
Grant Davis | Director Of Design | Leadership |
Tj White | Director - Data And AI Platform | Leadership |
Chloë McNab | Head Of Legal | Leadership |
42 more people are available in the full profile.
Complete people profiles for AppZen
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of AppZen
Figures of Appzen Labs India Private Limited, the primary company behind AppZen, for FY 2025. Revenue was ₹52.44 Cr (+19% year on year). Net profit was ₹5.15 Cr (10% margin). EBITDA was ₹7.92 Cr (15% margin). Revenue has grown at a compounded annual rate of +16% over three years and +40% over five years.
- ₹52.44 CrRevenue · FY 2025 · +19% YoY
- ₹5.15 CrNet profit · 10% margin
- ₹7.92 CrEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- 130Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Appzen Labs India Private Limited are on its company page.
Detailed financial statements for AppZen
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of AppZen
3 dated milestones of AppZen across 13 years, from founding to its latest funding, stage changes and deals.
- Founded AppZen is founded.
- Funding First funding round.
- Funding Latest funding round, Series D, of $180.0M.
Competitors of AppZen
AppZen has 3 listed competitors in our database, 2 of them funded. They include Center, Toolbox and MediSpend.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getcenter.com | 2014 | Bellevue, United States | $105.98M | AI-based expense management software is utilized for reporting and auditing. | ||
| trytoolbox.com | 2019 | Boston, United States | $7.84M | Construction professionals are matched with projects via an online marketplace. | ||
| medispend.com | 1999 | Portsmouth, United States | 33 | Compliance software is offered for life sciences spend analytics. |
Detailed competitors of AppZen
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of AppZen
The website of AppZen (appzen.com) receives about 25.9K visits a month.
- Monthly visits25.9K
▼ 4.6% vs previous month
Websites whose visitors overlap most with AppZen. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mysa.io | 100% | 25.7K | #1,180,106 | View details | |
| lsvp.com | 60% | 179.7K | #256,671 | View details | |
| mastersindia.co | 40% | 170.3K | #244,404 | View details |
Top companies in Natural Language & Voice AI
3 companies that operate in the same segment as AppZen (Natural Language & Voice AI) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 58.07 B | 11,115 | ||
Enterprise AI models are developed and tuned for business integration. | 2022 | Palo Alto, California, United States | USD 1.53 B | 84 | ||
AI-generated music and lyrics are created on an online platform. | 2021 | Cambridge, Massachusetts, United States | USD 775 M | 497 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Appzen
Complete news archive for AppZen
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 CEO of AppZen, as recorded in our data. They have also founded this company.
AppZen is a funded company, having raised a total of $282.51M across 8 funding rounds to date.
AppZen has 130 employees.
The primary company behind AppZen, Appzen Labs India Private Limited, reported revenue of ₹52.44 Cr for FY 2025, up 19% year on year.
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 has 11 investors. Key investors include Mastercard, SVB, FundersClub, Lightspeed Venture Partners, and Coatue.
AppZen operates through Appzen Labs India Private Limited.
The legal entities of AppZen currently have 3 directors, including Anant Dattatraya Kale, Kunal Balaji Verma, Mandar Sudhakar Munagekar.