Celonis, the late stage process mining software startup, announced a $1 billion Series D investment this morning on an eye-popping $11 billion valuation, up from $2.5 billion in its Series C in 2019, quadrupling its value in just two years. Durable Capital Partners LP and T. Rowe Price Associates co-led the round with participation from […]
Enterprise software firm Celonis said Wednesday that it's raised $1 billion in a new round of funding valuing the company at an eye-watering $11 billion.
Douglas Busvine
4 minute read
German based software company Celonis has raised $1 billion from investors to give the company a post-fundraising valuation of more than $11 billion, extending a record-stretching series of mega funding rounds by German technology startups.
Munich-based Celonis, founded a decade ago, has consistently doubled revenue from year to year and recently launched its Execution Management System product that crunches data to tackle problems and automate decision making.
The Celonis fundraising raise follows recent bumper rounds by online stockbroker Trade Republic, online insurer Wefox, and another Munich startup FlixMobility, which on Wednesday said it had raised $650 million.
On top of the Series D venture round, a record for a German technology startup, Celonis said it was hiring veteran Wall Street analyst and Google (GOOGL.O) executive Carlos Kirjner to become its chief financial officer.
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