AppZen
AppZen builds AI Agents for accounts payable and expense management. Purpose-built for finance, trained on $50B+ in enterprise spend, fully auditable.
3 additional investors
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- Private equityobserved
Listed in the portfolio of Collective Asset Management, LLC (seen on or before Sep 17, 2026).
seen on or before Sep 17, 2026 · A later owner ends or changes the venture chapter: new decision makers, new lenders, returns for the investors on record.
Factthe private equity graph (sponsor portfolio and deal records)For Investors, acquirers, lenders, service providersOwnership and outcomes → - 5 investorsnamed
5 investors on record;
The investors already on the cap table shape who leads the next round.
Facts
- Year of incorporation
- unknown
- Revenue range (Form D)
- unknown
- Rounds on record
- 3
- Disclosed raised
- $180Msum of rounds with a disclosed amount only
- Named investors
- 5
Financing history
- Sep 22, 2025Growth Round · $180M (disclosed)Fact Press release · “AppZen Raises $180 Million Growth Round Led by Riverwood Capital to Take the Next Step in Autonomous Finance”
- Mar 22, 2019Form D equity offering · $50.0M (form d sold)Ashwood Capital Management Ltd via Arif JanmohamedFact Form D · “AppZen, Inc. Form D, first filed 2019-09-09”
- Jul 26, 2018Form D equity offering · $35.0M (form d sold)Ashwood Capital Management Ltd via Arif JanmohamedFact Form D · “AppZen, Inc. Form D, first filed 2018-10-30”
Who would invest
How comparable investors are foundComparable investors backed two or more of the companies this company’s own investors also back. Broader fit co-invested two or more times with them and dated a new company in the last 12 months. Each reason is a fact on record: a shared company, a co-investment count, a dated deal, a stage or round size it has joined. A shared sector alone never puts a firm here. Nothing is a prediction that a firm will invest.Already invested
5 investors on record- Coatue Management, L.L.C. portfolio listing Fact coatue.com
- Geodesic Investments, L.L.C portfolio listing Fact geodesiccap.com
- Lightspeed Venture Partners portfolio listing Fact appzen.com
Strong comparable investors
2 firmsFirms that backed two or more of the companies this company's own investors also back.
- Khosla Ventures, LLC
- Backed 2 companies this company's investors also back
- Co-invested 14 times with 3 of this company's investors
- Has joined rounds of over $150M (9 on record)
- 23 new companies dated in the last 12 months, latest Sep 30, 2026
- Led 58% of 31 rounds whose lead is known
- DST Global
- Backed 2 companies this company's investors also back
- Co-invested 6 times with 2 of this company's investors
- Has joined rounds of over $150M (3 on record)
- 4 new companies dated in the last 12 months, latest Aug 17, 2026
- Led 75% of 8 rounds whose lead is known
Broader fit
15 firmsFirms that co-invest repeatedly with this company's investors and dated a new company in the last 12 months.
- Sapphire Ventures, LLC
- Backed 1 company this company's investors also back
- Co-invested 10 times with 2 of this company's investors
- Has joined rounds of over $150M (4 on record)
- 5 new companies dated in the last 12 months, latest Jun 11, 2026
- Led 33% of 6 rounds whose lead is known
- Sequoia Capital
- Co-invested 13 times with 2 of this company's investors
- Has joined rounds of over $150M (6 on record)
- 12 new companies dated in the last 12 months, latest Sep 11, 2026
- Led 25% of 12 rounds whose lead is known
- Followed on in 7% of its companies
- Alkeon Capital Management, LLC
- Co-invested 9 times with 2 of this company's investors
- 1 new company dated in the last 12 months, latest Nov 19, 2025
+12 more broader-fit firms
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Ownership and outcomes
How these are wordedA company a buyout or growth firm lists on its own site is “listed in the portfolio of”, never “acquired by”. A date prints only when a deal record gives one; otherwise the row says when DFX first saw it.Listed on 3 firm portfolio pages; none states an outcome (acquired, public, exited or active). DFX does not assume the company is active.
Evidence: 3 listingseach firm's own card, as read
- Status not stated on Coatue Management, L.L.C. · the firm's card prints no outcome · read Oct 1, 2026 coatue.com“AppZen”
- Status not stated on Geodesic Investments, L.L.C · the firm's card prints no outcome · read Oct 1, 2026 geodesiccap.com“AppZen”
- Status not stated on Lightspeed Venture Partners · the firm's card prints no outcome · read Sep 19, 2026 appzen.com“Lightspeed Venture Partners”
- Listed in the portfolio of Collective Asset Management, LLC“portfolio card on https://www.collectiveliquidity.com/companies: AppZen | FinTech | Founded: 2012Funding to Date: $239.7M | AppZen has developed an autonomous and compliance management platform design”
- Listed in the portfolio of Coatue Management, L.L.C. · already an investor on record“listed on https://www.coatue.com/portfolio: AppZen (appzen.com)”
Credit relationships
How a loan is matchedA BDC reports its loans by borrower name. A position shows here only when the match passed a precision gate (a hand-labelled sample was 29 of 30 correct); the tier and confidence are printed on each row. Amounts are the lender’s reported position, never a round.People
- Anant Kale Co-founder & CEO prnewswire.com
Timeline
- Sep 22, 2025AppZen announced Growth Round of $180,000,000, led by Riverwood CapitalRound announced Fact Press release
Evidence
Every observation on this company
- Description: Sep 19, 2026 Fact
- Investors named on site: 1 Sep 19, 2026 Fact
- Listed on portfolio page: Oct 1, 2026 Fact
- Listed on portfolio page: Oct 1, 2026 Fact Firm website
- Listed on portfolio page: Sep 16, 2026 Fact
- Listed on portfolio page: Sep 14, 2026 Fact
- Round announced: Growth Round $180,000,000 Sep 22, 2025 Fact Press release
- Website status: ok Sep 19, 2026 Fact
- Site title: Sep 19, 2026 Fact
Relationships across DFX
on 1 other DFX graph · 2 capital paths
AppZen is the same institution as 1 record in Private Equity.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
AppZen sits on 2 traced paths of capital across the graphs.
DFX traced 2 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Record history
- Round announced2025-09-22source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.