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 3 acquisitions, including ChannelInsight, Kalderos 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
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$249.46 M (USD)14as on Sep 30, 2023
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Net Profit
-$33.92 M (USD)-18as on Sep 30, 2023
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EBITDA
-$4.12 M (USD)68as 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
& 2 more
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Acquired by
Vista Equity Partners
(Apr 08, 2024)
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People of Model N
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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
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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.
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 |
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Debt financing is offered to US tech and offline companies.
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Private equity investments are directed toward US-based companies.
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Accel is recognized as a leading venture capital firm.
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Investor details 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.
Investment portfolio details for Model N
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online platform to coordinate and manage drug discount programs
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Locked | Locked | 2016 | Locked | |
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IT support and managed services are provided by ChannelInsight.
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Locked | Locked | 1990 | Locked | |
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Revenue management software is provided for pharma and life sciences.
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Locked | Locked | 1989 | Locked |
Complete acquisition details for Model N
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Financial Statements - Model N
Detailed financials for Model N
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Model N Comparisons
Peer comparison for Model N
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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App-based payment solutions are offered for small and medium businesses.
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Quote-to-cash solutions for businesses
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Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| Locked | Locked | Locked |
Cloud-based invoice management and collection solutions for small & medium businesses
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Cloud-based quote-to-cash solutions are offered for invoice management.
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Detailed competitors of Model N
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Latest news on Model N
Complete news archive for Model N
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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 current CEO of Model N.
Model N is a funded company, having raised a total of $37M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Model N is 544.
Annual revenue of Model N is $249.46M as on Sep 30, 2023.
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.