Sales Software Upstart Preps for IPO With Late-Stage Funding

Apttus, a cloud software company that automates the process of turning sales calls into signed contracts, has closed another $88 million in late-stage funding that CEO Kirk Krappe said will likely be its last infusion before an initial public offering in the first half of 2017. The round was led by GII (Gulf Islamic Investments) and included new and previous investors K1, Iconiq, and KIA. Krappe declined to disclose the valuation, but said this Series D funding is an “up round” compared with Apttus’ Series C investment slightly more than one year ago. At that time, the company was valued at more than $1 billion. Including this new money, the San Mateo, Calif., firm has $274 million in backing. “We decided to secure this last funding round to get us…


Link to Full Article: Sales Software Upstart Preps for IPO With Late-Stage Funding