About Model N
Model N is a Technology company based in San Mateo (United States) founded in 1999, and was acquired by Vista Equity Partners in April 2024. Cloud-based revenue management solution for life sciences and hi-tech companies. Model N has raised $37 million across 5 funding rounds from investors including Accel, Wells Fargo and Crystal Financial. The company has 544 employees. Model N has completed 3 acquisitions, including ChannelInsight, Kalderos and Revitas. Its chief executive, as recorded, is Marc Sigmunt. Its website modeln.com draws about 127 thousand monthly visits. Its Indian entity Model N India Software Private Limited reported revenue of ₹240 Cr. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash. Its competitors include Apttus, Xifin and Cacheflow; 3 of its 3 listed competitors have raised funding.
Company details
Model N was founded in 1999 and is headquartered in San Mateo, United States. Revenue management processes are managed through its cloud-based platform, which supports pricing, quoting, contract development, trade settlements, and channel incentives. Industry-specific solutions are provided for life sciences and hi-tech companies, allowing revenue cycle planning and control across operations.
- Headquarters San Mateo, United States
- Employees 544
- Stage Acquired
- SectorsTechnology
- Phone•••• ••••
- Website modeln.com
- Social LinkedIn X Facebook
- Acquired by Vista Equity Partners (Apr 2024)
- Legal Name Model N India Software Private Limited
- Date of Incorporation 21 Jan, 2010
- Indian entity revenue₹240 Cr
FY 2025 · +16% YoY
- Indian entity net profit₹26.05 Cr
FY 2025 · 11% margin
- Indian entity EBITDA₹37.70 Cr
FY 2025 · 16% margin
- Total Equity Funding$37M (USD)
in 5 rounds
- Latest Funding Round$172.5M (USD), Post-IPO
May 2020
- InvestorsAccel
& 5 more
- Employee Count544
- Investments & AcquisitionsChannelInsight
& 2 more
- Acquired byVista Equity Partners
(Apr 2024)
Associated legal entities of Model N
Model N operates through Model N India Software 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 |
|---|---|---|---|---|---|---|---|
| Model N India Software Private Limited CIN U72200TG2010FTC066760 | Active | 21 Jan 2010 | Hyderabad, Telangana | ₹240 Cr | 551 | 4 | View details |
Funding Insights of Model N
Model N has successfully raised a total of $37M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $172.5 million completed in May 2020. 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 $37M
- Total Rounds 5
- Last Round Post-IPO — $172.5M
- First Round $26M
(Jan 2000)
- Investors Count 5
All 5 funding rounds of Model N 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 |
|---|---|---|---|---|---|
| May 2020 | $172.5M | Post-IPO | – | – | – |
| May 2018 | $55M | Debt – Conventional | – | – | |
| Jan 2017 | $50M | Debt – Conventional | – | – | |
| Feb 2004 | $11M | Series A | – | Meritech | |
| Jan 2000 | $26M | Series A | – | – |
6 investors in total: 6 institutional.
Investors in Model N
Model N has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Accel, Wells Fargo and Crystal Financial.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Debt financing is offered to US tech and offline companies. | 1993 | crystalfinco.com | Boston, United States | |
Private equity investments are directed toward US-based companies. | meritechcapital.com | Palo Alto, United States | ||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Investments are focused on mid-market software and technology-enabled services firms. | accel-kkr.com | Menlo Park, United States | ||
Investments are directed toward high-growth enterprise software and technology companies. | vistaequitypartners.com | Austin, United States | ||
Diverse financial services and online banking are provided to clients. | 1852 | wellsfargo.com | San Francisco, United States |
Investor details for Model N
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Board of directors of Model N India Software Private Limited (Model N)
Model N India Software Private Limited is the primary company behind Model N. The board of Model N India Software Private Limited currently have 4 directors; the longest-serving is Sunil Mohanlal Ghiya, appointed in 2015. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunil Mohanlal Ghiya DIN 00952813 | Whole-time director | 05 Mar 2015 | 11 yrs 8 mo | Model N India Software Private Limited |
| Ram Kakra Kishore DIN 03430557 | Director | 16 Jun 2017 | 9 yrs 4 mo | Model N India Software Private Limited |
| Ford Jeremy Tray DIN 11121750 | Director | 10 Jun 2025 | 1 yr 5 mo | Model N India Software Private Limited |
| Amar Deepak Jani DIN 11086200 | Director | 06 Aug 2025 | 1 yr 3 mo | Model N India Software Private Limited |
People of Model N
218 people are tracked at Model N (105 in leadership, 113 in team); the tracked headcount is 544.
| Name | Role | Group |
|---|---|---|
Marc Sigmunt | Co-CEO | Leadership |
Bret Connor | Co-CEO | Leadership |
Simon Cheng | Associate Director Of Marketing Operations And Analytics | Leadership |
Manish Kumar | Director Of Product Management | Leadership |
Angel Rogers | Chief Customer Officer | Leadership |
Philip Ardire | Managing Director, Professional Services | Leadership |
Dina Simon | Senior Director, Education Services | Leadership |
Shijun Li | Sr. Director Of Product Development | Leadership |
Raj Saravana Selvaraj | Director | Leadership |
Christina Vilches | Executive Assistant To Chief Executive Officer | Leadership |
| Chief Financial Officer | Leadership | |
Lucette Demichele | Sr. Director, Center Of Excellence, Professional Services | Leadership |
Rehmann Rayani | Chief Services Officer | Leadership |
Vishal Navandar | Director - Finance And Accounting | Leadership |
Allison Dutton | Sr. Director, Human Resources Business Partner; Global HRBP COE Leader | Leadership |
Michael Grosberg | Vice President Of Product Management | Leadership |
Ramesh Jayaraman | Vice President, Product Development | Leadership |
Tony George | Director Of Product Management | Leadership |
Mark Soucie | Director, Project Management | Leadership |
Brian Mullen | Senior Vice President Of Sales | Leadership |
198 more people are available in the full profile.
Complete people profiles for Model N
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Financials of Model N
Figures of Model N India Software Private Limited, the primary company behind Model N, for FY 2025. Revenue was ₹240 Cr (+16% year on year). Net profit was ₹26.05 Cr (11% margin). EBITDA was ₹37.70 Cr (16% margin). Revenue has grown at a compounded annual rate of +17% over three years and +19% over five years.
- ₹240 CrRevenue · FY 2025 · +16% YoY
- ₹26.05 CrNet profit · 11% margin
- ₹37.70 CrEBITDA · 16% margin
- ₹1.00 CrPaid-up capital
- 551Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Model N India Software Private Limited are on its company page.
Detailed financial statements for Model N
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Investments & Acquisitions by Model N
Model N has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ChannelInsight, Kalderos and Revitas.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online platform to coordinate and manage drug discount programs | kalderos.com | Chicago, United States | 2016 | Jun 2026 | •••• | |
Revenue management software is provided for pharma and life sciences. | revitasinc.com | Redwood, United States | 1989 | Dec 2016 | $60M | |
IT support and managed services are provided by ChannelInsight. | channelinsight.com | Denver, United States | 1990 | Oct 2015 | •••• |
Complete acquisition details for Model N
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Timeline of Model N
8 dated milestones of Model N across 27 years, from founding to its latest funding, stage changes and deals.
- Founded Model N is founded.
- Funding First funding round of $26.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires ChannelInsight.
- Acquisition Acquires Revitas.
- Funding Latest funding round, Post-IPO, of $172.5M.
- Exit Acquired by Vista Equity Partners.
- Acquisition Acquires Kalderos.
Competitors of Model N
Model N has 3 listed competitors in our database, 3 of them funded. They include Apttus, Xifin and Cacheflow.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| apttus.com | 2006 | San Mateo, United States | $474.25M | 680 | Quote-to-cash solutions for businesses | |
| xifin.com | 1997 | San Diego, United States | $6M | 861 | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | |
| getcacheflow.com | 2021 | Los Altos, United States | $16M | Cloud-based quote-to-cash solutions are offered for invoice management. |
Detailed competitors of Model N
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Web traffic of Model N
The website of Model N (modeln.com) receives about 127.3K visits a month.
- Monthly visits127.3K
▲ 60.7% vs previous month
Websites whose visitors overlap most with Model N. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
onsales.onsemi.com | onsales.onsemi.com | 100% | – | ||
| ideas.com | 41% | 137K | #240,248 | View details | |
| revitasinc.com | 41% | View details | |||
vistaar.com | vistaar.com | 40% | #3,898,737 | – | |
| letitrain.com | 28% | View details |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Model N (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Frequently Asked Questions about Model N
Model N was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Model N is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Marc Sigmunt is the CEO of Model N, as recorded in our data.
Model N is a funded company, having raised a total of $37M across 5 funding rounds to date. The company's 1st funding round was a Series A of $26M, raised on Jan 2000.
Model N has 544 employees.
The primary company behind Model N, Model N India Software Private Limited, reported revenue of ₹240 Cr for FY 2025, up 16% year on year.
Model N was founded in 1999 and is headquartered in San Mateo, United States. Revenue management processes are managed through its cloud-based platform, which supports pricing, quoting, contract development, trade settlements, and channel incentives. Industry-specific solutions are provided for life sciences and hi-tech companies, allowing revenue cycle planning and control across operations.
Model N has made 3 acquisitions, including ChannelInsight, Kalderos, and Revitas.
Model N has 6 investors. Key investors include Accel, Wells Fargo, Crystal Financial, Meritech Capital, and Accel-KKR.
Model N operates through Model N India Software Private Limited.
Yes. Model N was acquired by Vista Equity Partners in April 2024.