Planful (formerly Host Analytics), a financial planning and analysis (FP&A) cloud platform provider, has raised an equity round led by Vector Capital.
The equity round also included existing investors StarVest Partners and Monroe Capital. Planful will use the proceeds to meet demand for its cloud-based FP&A solution and interest in its Continuous Planning vision.
Planful has seen a marked increase in the use of its platform by existing customers, including Bose, the Boston Red Sox, and Del Monte, as businesses analyze various factors affecting performance and run more frequent forecasting scenarios using Planful’s platform.
