Total amount raised
$80.3 Millions
Latest funding date
12/1/2021
Location
Celigo has successfully raised significant funding over multiple rounds, attracting attention from notable investors. The company's platform specializes in integrating and automating business processes, offering a comprehensive suite of solutions.
Keep reading to explore the intricacies of Celigo's fundraising journey and the investors backing this innovative platform.
What Is Celigo?
Celigo, founded in 2011, is headquartered in Redwood City, California. The company specializes in providing integration and automation solutions through its integration platform as a service (iPaaS).
Celigo's platform helps businesses integrate, automate, and optimize their processes, offering prebuilt connectors and integration apps for various business functions. The company aims to enable both IT and business users to discover, automate, and continuously optimize their business processes.
While the exact number of employees and the names of the founders are not explicitly mentioned, Celigo's comprehensive suite of solutions has made it a notable player in the integration and automation space.
How Much Funding Has Celigo Raised?
- Series A
- Amount Raised: $12.3M
- Date: January 2016
- Lead Investors: TVC Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and enhance their integration platform, enabling better automation solutions for businesses.
- Series B
- Amount Raised: $20M
- Date: October 2019
- Lead Investors: NewSpring
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve the platform's capabilities to meet growing customer demands.
- Series C
- Amount Raised: $48M
- Date: December 2021
- Lead Investors: OMERS Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To optimize end-to-end business automation, increase go-to-market capacity, and accelerate global expansion.
Total Amount Raised: $80.3M. Current Valuation: Not publicly disclosed.
Key Investors
- OMERS Growth Equity
- Details: OMERS Growth Equity is part of OMERS, one of Canada's largest defined benefit pension plans. They focus on investing in high-growth companies across North America and Europe.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: PointClickCare, Coveo, TouchBistro.
- NewSpring Capital
- Details: NewSpring Capital is a private equity firm that partners with high-performing companies in dynamic industries. They provide growth capital and operational support to companies in various stages of development.
- Investment Focus Areas: Technology, healthcare, business services.
- Notable Investments: Dstillery, 4G Clinical, Verisma.
- TVC Capital
- Details: TVC Capital is a growth equity firm focused on investments in and acquisitions of software companies and software-enabled services firms. They aim to support companies in scaling their operations and achieving long-term growth.
- Investment Focus Areas: Software, SaaS, technology-enabled services.
- Notable Investments: Not publicly disclosed.
What's Next for Celigo?
Celigo stands at the cusp of significant growth opportunities, driven by the increasing demand for business process automation and the adoption of cloud-based applications. With the public cloud services market forecasted to grow to $332.3 billion and the enterprise software market surpassing $535 billion, Celigo is well-positioned to expand its global presence and enhance its go-to-market strategies.
Future fundraising rounds are likely as Celigo continues to scale operations and innovate its platform. However, the company will need to navigate challenges such as competition from other iPaaS providers, ensuring compliance with global security standards, and managing the complexities of integrating diverse cloud applications. Despite these hurdles, Celigo's strategic positioning and robust platform capabilities suggest a promising path ahead.
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