Deal Announcements

Adaptive Planning Adds $22 Million VC Round

Thursday, March 15, 2012 5:33:00 AM PDT | VentureDeal Staff

Mountain View, California  --  Software technology company Adaptive Planning has raised $22 million in a new round of growth venture capital investment.

Adaptive provides on-demand budgeting, forecasting, reporting and analytics applications at a lower cost than traditional enterprise planning apps.

Norwest Venture Partners led the round, which included previous investors ONSET Ventures, Cardinal Venture Capital and Monitor Ventures.

The company said it would use the new financing to accelerate its product development and growth initiatives.

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