AppZen, a San Jose, CA–based AI-native platform for autonomous finance, has raised $180 million in Series D growth funding.
Investors
The round was led by Riverwood Capital, a venture capital firm that invests in high-growth companies in the technology and technology-enabled industries. The firm focuses on established businesses with proven technology, solid business models, and strong cultural alignment. Founded in 2008, Riverwood has invested in and supported more than 85 companies since its inception. The firm has offices in Menlo Park, CA; Miami, FL; New York, NY; and São Paulo, Brazil.
AppZen Use of Funds
The company will use the funding to accelerate global go-to-market expansion and scale the deployment of its Mastermind AI Agents.
About AppZen
Led by CEO Anant Kale, AppZen is an AI-native platform transforming finance through autonomous decision-making. Powered by proprietary ZenLM models and the Mastermind AI Automation Platform, AppZen enables enterprises to convert standard operating procedures into configurable AI Agents that function as digital coworkers. Its technology streamlines finance workflows across travel & expense (T&E), accounts payable, and corporate card programs. Headquartered in San Jose, California, AppZen serves over 500 global enterprises, including over 65 Fortune 500 companies.
Funding Details
Company: AppZen, Inc.
Raised: $180.0M
Round: Series D
Funding Date: September 2025
Lead Investor: Riverwood Capital
Additional Investors:
Company Website: https://www.appzen.com/
Software Category: Agentic AI / Autonomous Finance
Source: https://www.prnewswire.com/news-releases/appzen-raises-180-million-growth-round-led-by-riverwood-capital-to-take-the-next-step-in-autonomous-finance-302559589.html