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.
In this episode of
Industry Focus: Energy, Motley Fool analyst John Rotonti joins host Nick Sciple to discuss the hot U.S. housing market and its low inventory, and why he thinks
NVR (NYSE:NVR) could be a top-performing stock over the next five years.
To catch full episodes of all The Motley Fool s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
This video was recorded on May 20, 2021.
Nick Sciple: Welcome to Industry Focus. I m Nick Sciple. This week, I m excited to welcome on Motley Fool analyst John Rotonti, to discuss the U.S. housing market and the homebuilding stock he just can t stop talking about, which is NVR. John, welcome back in the podcast.
Why NVR Could Be a Top Homebuilder Stock fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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The article was published in the March 2021 issue of Morningstar FundInvestor. Download a complimentary copy of FundInvestor by visiting the website.
In January, T. Rowe Price announced that manager Larry Puglia will retire from T. Rowe Price Blue Chip Growth (TRBCX) after a great run dating to 1993. After the announcement, we maintained our Above Average People and Process ratings and a Morningstar Analyst Rating of Silver.
No, we weren’t downplaying Puglia’s role or skill. Rather, we saw this coming and were comfortable with the situation. T. Rowe Price generally maps out manager transitions over a two-year period, so the new manager has time to get up to speed and investors have time to research the change.