# AppZen funding: rounds and investors

> AppZen has raised $281M across 6 rounds since 2014. Investors include Coatue, 500 Global and Lightspeed Venture Partners. Every round with its source.

Source: https://millionrounds.com/company/appzen (Millionrounds; every figure on the page links to its filing or article)

United States · [Series D startup](https://millionrounds.com/companies)

# Who invested in *AppZen*

6 rounds we have observed, with the 10 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI Fintech SaaS

Valuation: $500M, Oct 2024

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Funding summary Updated 15 Nov 2026

**$281M** raised across 6 rounds since 2014, from 6 sources

**$180M** Series D

- **Latest round:** Series D, $180M Sept 2025
- **Led by:** Riverwood Capital
- **Step-up i:** 3.6×
- **Investors:** 10 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2016 2018 2020 2022 2024

**$100K** Seed

**$2.9M** Seed

**$13M** Series A

**$35M** Series B

**$50M** Series C

**$180M** Series D

- **First round:** Seed, $100K
- **Biggest round:** $180M
- **Usual gap between rounds:** 16 months

## The rounds

- **Sept 2025** Series D **$180M** *1 new* *4 returning* [Riverwood Capital](https://millionrounds.com/fund/riverwood-capital) Lead [500 Global](https://millionrounds.com/fund/500-startups) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Redpoint](https://millionrounds.com/fund/redpoint) [Coatue](https://millionrounds.com/fund/coatue-management) Reported by Crunchbase News
- **Sept 2019** Series C **$50M** *3 new* [Coatue](https://millionrounds.com/fund/coatue-management) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Redpoint](https://millionrounds.com/fund/redpoint) Reported by FinSMEs SEC filing: $50M sold, first sale Mar 2019
- **Oct 2018** Series B **$35M** *2 new* Lightspeed Venture Partners/ Redpoint Resolute Reported by FinSMEs SEC filing: $35M sold, first sale Jul 2018
- **Nov 2017** Series A **$13M** *1 new* Redpoint Ventures/ Resolute Reported by FinSMEs SEC filing: $13M sold, first sale Oct 2017
- **Jun 2016** Seed **$2.9M** *1 new* [Resolute Ventures](https://millionrounds.com/fund/resolute-ventures) Reported by FinSMEs SEC filing: $2.9M sold, first sale Apr 2016
- **Nov 2014** Seed **$100K** *2 new* [500 Global](https://millionrounds.com/fund/500-startups) [FundersClub](https://millionrounds.com/fund/fundersclub) From a historical funding record

## Funding filed with regulators

AppZen filed 5 raises, $102M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Mar 2019 **$50M** 8 investors equity SEC Form D
- Jul 2018 **$35M** 11 investors equity of $35M offered SEC Form D
- Oct 2017 **$13M** 3 investors equity SEC Form D
- Jan 2017 **$1.6M** 3 investors equity of $1.7M offered SEC Form D
- Apr 2016 **$2.9M** 27 investors equity SEC Form D

## Founders and team

From AppZen's own website and the SEC filings it signed: 2 founders, 5 on the team.

**Anant Kale** Co-Founder & CEO *Named on its 2019 Form D*

**Kunal Verma** Co-Founder & CTO *Named on its 2019 Form D*

- **Gaurav Agrawal** CFO
- **Matt Wright** Chief Customer Officer
- **Yoona Wong** VP People & Culture
- **Matt Zelen** Executive Officer i
- **Naresh Bansal** Executive Officer i

On the board, as filed i *Alex Bard* *Arif Janmohamed*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2014 **Seed** 2016 **Series A** 2017 **Series B** 2018 **Series C** 2019 **Series D** 2025 [Coatue](https://millionrounds.com/fund/coatue-management) L [500 Global](https://millionrounds.com/fund/500-startups) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Redpoint](https://millionrounds.com/fund/redpoint) [Riverwood Capital](https://millionrounds.com/fund/riverwood-capital) L [FundersClub](https://millionrounds.com/fund/fundersclub) [Resolute Ventures](https://millionrounds.com/fund/resolute-ventures) Lightspeed Venture Partners/ Redpoint Redpoint Ventures/ Resolute Resolute

## Everyone who backed them

[Coatue](https://millionrounds.com/fund/coatue-management) VC firm **2** rounds, led 1

[500 Global](https://millionrounds.com/fund/500-startups) Angel **2** rounds

[Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds

[Redpoint](https://millionrounds.com/fund/redpoint) VC firm **2** rounds

[Riverwood Capital](https://millionrounds.com/fund/riverwood-capital) VC firm **1** round, led 1

[FundersClub](https://millionrounds.com/fund/fundersclub) VC firm **1** round

[Resolute Ventures](https://millionrounds.com/fund/resolute-ventures) VC firm **1** round

Lightspeed Venture Partners/ Redpoint no record of our own yet **1** round

Redpoint Ventures/ Resolute no record of our own yet **1** round

Resolute no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=appzen).

## Also claim to have backed them

This firm lists AppZen as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Geodesic Capital](https://millionrounds.com/fund/geodesic-capital) VC firm Per its own site

## Quick answers about AppZen

### Who invested in AppZen?

AppZen's investors include Coatue, 500 Global, Lightspeed Venture Partners, Redpoint and Riverwood Capital, and 5 more on record. Riverwood Capital led its latest round.

### How much has AppZen raised?

AppZen has raised $281M across 6 rounds since 2014.

### When did AppZen last raise?

AppZen's most recent round was a Series D of $180M in Sept 2025, led by Riverwood Capital.

### What was AppZen's biggest round?

Its most recent round, $180M in Sept 2025, is also its largest on record.

### Who backed AppZen first?

AppZen's first round on record, in Nov 2014, was backed by 500 Global and FundersClub.

### What stage is AppZen at?

AppZen's latest named round is a Series D, in Sept 2025.

### Where is AppZen based?

AppZen is based in the United States.

### Who led AppZen's rounds?

Coatue led the Series C in 2019; Riverwood Capital led the Series D in 2025.

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