Venture Capital: Celonis, Which Makes Software To Fix Processes, Raises $1B
The amount comprised $400 million as an equity raise, and a $600 million revolving credit facility.
Celonis, a software startup located in Munich and New York, raised an additional $1 billion in funding. A raise of $400 million, which was an extension of the Series D round, was led by the Qatar Investment Authority (QIA) and includes new blue-chip investors Activant Capital, a fund advised by Neuberger Berman, Alta Park Capital and Commonfund Capital. Existing investors including Arena Holdings, funds and accounts advised by T. Rowe Price Associates, Inc., Franklin Templeton, Durable Capital Partners LP, TCV, 83North, Accel Partners and Sator Grove also joined the round extension. The funding valued Celonis at $13 billion. (Celonis)
“Since the first days of Celonis, we have built a company that is operating on sound fundamentals, immutable customer value, and the kind of resiliency that performs at the highest levels in any economic environment,” said Bastian Nominacher, co-CEO and co-founder of Celonis. “These fundamentals are what puts Celonis in such a unique position to lean into the wind, while others are stepping back. With an additional $1 billion in liquidity, Celonis will have maximum flexibility to aggressively innovate, capitalize on new market opportunities, and extend our market leadership.”
Celonis – Solid growth
The company helps customers locate process inefficiencies and reduce costs, at all points of a business cycle. Its products are in high demand, as evidenced by it robust – it is executing another record year of strong growth with more than 2,500 enterprise deployments worldwide. Worries about inflation and increasingly complex supply chains were driving new business, Co-Chief Executive Officer Alex Rinke told Bloomberg.
In June 2021, Celonis announced its $1 billion Series D round at a valuation of $11 billion. The Series D followed the Series C financing round of $290 million in November 2019, a Series B of $50 million in June 2018, and a Series A of $27.5 million in June 2016.
The latest funding could also be used for strategic acquisitions, such as the $100 million deal to acquire startup Process Analytics Factory in March 2022.
Related Story: Anthropic Raises $580M Series B For Safer AI Systems
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