About Model N
Model N is a company based in San Mateo (United States) founded in 1999 was acquired by Vista Equity Partners in April 2024.. Model N has raised $37 million across 5 funding rounds from investors including Accel, Wells Fargo and Crystal Financial. The company has 544 employees as of December 31, 2022. Model N has completed 2 acquisitions, including ChannelInsight and Revitas. Model N operates in a competitive market with competitors including Nomba, Apttus, Xifin, Parasut and Cacheflow, among others.
- Headquarter San Mateo, United States
- Employees 544 as on 31 Dec, 2022
- Stage Public
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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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Annual Revenue
$249.46 M14as on Sep 30, 2023
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Net Profit
$-33.92 M-18as on Sep 30, 2023
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EBITDA
$-4.12 M68as on Sep 30, 2023
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Total Equity Funding
$37 M (USD)
in 5 rounds
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Latest Funding Round
$172.5 M (USD), Post-IPO
May 22, 2020
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Investors
Accel
& 5 more
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Employee Count
544
as on Dec 31, 2022
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Investments & Acquisitions
ChannelInsight
& 1 more
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Acquired by
Vista Equity Partners
(Apr 08, 2024)
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Leadership Team
59 people
Software Development Team
52 people
Product Management Team
33 people
Human Resources and Administration
12 people
Sales and Marketing
11 people
Senior Team
10 people
Principal Team
9 people
Global Team
7 people
Unlock access to complete
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 Total Funding
- Total Rounds 5
- Last Round Post-IPO — $172.5M
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First Round
First Round
(01 Jan 2000)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Post-IPO - Model N | Valuation |
investors |
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| May, 2018 | Amount | Debt – Conventional - Model N | Valuation |
investors |
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| Jan, 2017 | Amount | Debt – Conventional - Model N | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Debt financing is offered to US tech and offline companies.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Model N
Model N has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ChannelInsight and Revitas. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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IT support and managed services are provided by ChannelInsight.
|
1990 | ||||
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Revenue management software is provided for pharma and life sciences.
|
1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Model N
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Model N Comparisons
Competitors of Model N
Model N 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 Nomba, Apttus, Xifin, Parasut and Cacheflow, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based payment solutions are offered for small and medium businesses.
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| domain | founded_year | HQ Location |
Quote-to-cash solutions for businesses
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Cloud-based invoice management and collection solutions for small & medium businesses
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| domain | founded_year | HQ Location |
Cloud-based quote-to-cash solutions are offered for invoice management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Model N
Frequently Asked Questions about Model N
When was Model N founded?
Model N was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Model N located?
Model N is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Who is the current CEO of Model N?
Marc Sigmunt is the current CEO of Model N.
Is Model N a funded company?
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 Debt – Conventional of $50M, raised on Jan 01, 2000.
How many employees does Model N have?
As of Dec 31, 2022, the latest employee count at Model N is 544.
What is the annual revenue of Model N?
Annual revenue of Model N is $249.46M as on Sep 30, 2023.
What does Model N do?
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.
Who are the top competitors of Model N?
How many acquisitions has Model N made?
Model N has made 2 acquisitions, including ChannelInsight, and Revitas.
Who are Model N's investors?
Model N has 6 investors. Key investors include Accel, Wells Fargo, Crystal Financial, Meritech Capital, and Accel-KKR.
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