Host Analytics, a company that develops performance management software for the enterprise, has raised $15 million in Series C funding led by Next World Capital, with existing investors ATV Capital, StarVest Partners and Trident Capital participating in the round. This brings the company’s total funding up to nearly $30 million.
The company’s software helps finance executives develop strategy from processes such as planning and budgeting, scorecarding and financial consolidation and reporting. Founded in 2000, Host Analytics has 105 SaaS companies using its software and 9,000 active users.
The funding will be used for product development, and for sales and marketing efforts. Host Analytics faces competition from hosted platforms including Oracle, SAP, IBM and SaaS offering Adaptive Planning.