Celonis, recently recognized as the best company in the Everest Group Process Mining Products PEAK Matrix® 2022, yesterday announced it has secured an additional $1 billion in funds to accelerate its unique position to help customers thrive in challenging economic environments.
The financing includes a $400 million equity investment and a five-year revolving credit facility worth up to $600 million. The first one was led by the Qatar Investment Authority and included the participation of more than a half dozen other investors, including Accel and T. Rowe Price Associates. According to Celonis, the funding extends a Series D round that it closed last year. The $600 million revolving credit facility, in turn, was raised from a group of banks led by KeyBanc Capital Markets. The company says that it’s now valued at nearly $13 million.
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.
“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. 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.”Bastian Nominacher, Co-CEO and Co-founder, Celonis