Celonis rakes in $1 billion at $13 billion valuation to combat supply chain challenges

Munich-based process mining platform Celonis has raised $1 billion in funding to reach a valuation of almost $13 billion. The $1 billion in liquidity is split between a $400 million equity portion, and tapping a revolving credit facility to obtain access to as much as $600 million with a syndicate of leading global banks.

Technically an extension of its Series D round, this time around the financing was led by the Qatar Investment Authority (QIA) and saw the participation of new blue-chip investors Activant Capital, a fund advised by Neuberger Berman, Alta Park Capital and Commonfund Capital.

Celonis will use the additional funds to invest in product innovation and expand business with acquisitions in Europe. The company had earlier raised $1 billion at a valuation of $11 billion in June 2021.

Founded in 2011, Celonis is developing process mining tools, which businesses can use to discover inefficiencies in their operations that the human eye may not spot.

Bastian Nominacher, co-CEO and co-founder of Celonis said: “With an additional $1 billion in liquidity, Celonis will have maximum flexibility to aggressively innovate, capitalise on new market opportunities and extend our market leadership.”

Alex Rinke, co-CEO and co-founder of Celonis added: “We have never experienced more urgency from customers to use Celonis to hunt down and fix the kind of process problems that can yield tens to hundreds of millions in cash and time savings.”

Mansoor Al-Mahmoud, CEO of QIA added: “Celonis is providing clear added value for its customers by enhancing their operational efficiency and driving their performance. QIA looks forward to a long-term and productive relationship.”