Total amount raised
$2.4 Billions
Latest funding date
Location
Celonis has successfully raised significant funding over multiple rounds, establishing itself as a key player in the process mining and process intelligence space. The platform offers a comprehensive suite of tools designed to optimize business operations through advanced analytics and AI-driven insights.
Keep reading to delve into the details of Celonis' funding journey and discover the investors who are backing this innovative platform.
What Is Celonis?
Celonis, founded in 2011 in Munich, Germany, specializes in process intelligence and process mining. The company was established by Alexander Rinke, Bastian Nominacher, and Martin Klenk.
Celonis offers a platform that helps businesses analyze and improve their processes through advanced analytics and AI-driven insights. Their solutions cater to various industries and departments, providing tools for process analysis, management, and AI development.
With a global presence, Celonis employs over 1,200 people, driving innovation and efficiency in business operations worldwide.
How Much Funding Has Celonis Raised?
- Series A
- Amount Raised: $27.5M
- Date: June 2016
- Lead Investors: 83North, Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand initial operations and develop core technologies.
- Series B
- Amount Raised: $50M
- Date: June 2018
- Lead Investors: 83North, Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance product offerings.
- Series C
- Amount Raised: $290M
- Date: November 2019
- Lead Investors: Arena Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and invest in R&D.
- Series D
- Amount Raised: $1B
- Date: June 2021
- Lead Investors: Durable Capital Partners, T. Rowe Price
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and enhance AI capabilities.
- Series D Extension
- Amount Raised: $400M
- Date: August 2022
- Lead Investors: Qatar Investment Authority
- Valuation at Round: Nearly $13B
- Motivation Behind the Round: To support growth and address rising demand for process mining tools.
- Debt Financing
- Amount Raised: $600M
- Date: August 2022
- Lead Investors: KeyBanc Capital Markets
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide financial flexibility and support strategic initiatives.
- Secondary Market
- Amount Raised: -
- Date: July 2023
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
Total Amount Raised: $2.3675B. Current Valuation: Nearly $13B.
Key Investors
- Qatar Investment Authority
- Details: The Qatar Investment Authority is a sovereign wealth fund of the State of Qatar, established to manage the country's excess oil and gas revenues.
- Investment Focus Areas: Technology, real estate, infrastructure.
- Notable Investments: Volkswagen, Barclays, Credit Suisse.
- Durable Capital Partners
- Details: Durable Capital Partners is an investment firm that focuses on long-term investments in public and private companies.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Not publicly disclosed.
- 83North
- Details: 83North is a venture capital firm that invests in European and Israeli technology companies.
- Investment Focus Areas: Technology, consumer sectors.
- Notable Investments: Just Eat, iZettle, Payoneer.
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders to build world-class companies.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, Dropbox, Slack.
- KeyBanc Capital Markets
- Details: KeyBanc Capital Markets is an investment banking and capital markets firm that provides a range of financial services.
- Investment Focus Areas: Technology, healthcare, industrial sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Celonis?
Celonis stands at the cusp of significant opportunities, driven by the rising demand for process mining and data analytics solutions. With a recent $1 billion funding round, the company is well-positioned to expand its market reach and enhance its technological capabilities. The global digital transformation trend and the increasing need for operational efficiency present vast growth prospects for Celonis, particularly in integrating its tools with major IT systems like SAP and Salesforce.
Future fundraising opportunities appear promising, given the strong investor confidence and the substantial market potential. The revolving credit facility provides financial flexibility, enabling Celonis to pursue strategic acquisitions and further innovation. However, the company may face challenges such as intense competition, economic uncertainties, and the need to continuously innovate to stay ahead in the rapidly evolving tech landscape.
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