Adaptive Planning, a US-based provider of cloud-based business analytics solutions, has raised $45m in a further round of venture funding in which RBC Ventures, the corporate venturing unit of Royal Bank of Canada, participated.

Tnd the company has now raised at least $100m after its $22m series E round closed in March last year, taking its then-total funding raised to $55m.

The funding was led by US venture capital firm Bessemer Venture Partners, with existing investors Onset Ventures, Norwest Venture Partners (NVP), RBC Venture Partners, Cardinal Venture Capital, and Monitor Ventures also participating.

Robert Antoniades, a partner at RBC Venture Partners, said: “Adaptive’s rapid growth path is a function of its customers’ satisfaction. 

“The new infusion of capital will help accelerate the company’s market leadership, world-class product innovation, and global expansion.”

Adaptive Planning will use the additional capital to scale its direct sales and partner channels in North America, expand into…

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