Celonis is an execution management company that helps businesses to reveal and fix inefficiencies they previously did not see. With the help of Celonis Execution Management System, Celonis’s clients receive a platform with a full range of capabilities for corporate inefficiencies elimination and carbon emissions reduction.
New round investments consist of $400 million equity in addition to Series D round and revolving credit facility to as much as $600 million. The Series D funding round is led by Qatar Investment Authority. Among new investors were Activant Capital, Alta Park Capital, and Commonfund Capital. Existing investors, Arena Holdings, funds and accounts advised by T. Rowe Price Associates, Inc., Franklin Templeton, Durable Capital Partners LP, TCV, 83North, Accel Partners, and Sator Grove, also participated in the round.
Celonis, Munich, Germany, was founded by Alex Rinke (Co-CEO), Bastian Nominacher (Co-CEO), and Martin Klenk (CTO) in 2011. The company has two headquarters – in Munich and New York, and it has more than 20 offices around the world. “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,” said Bastian Nominache. Celonis plans to innovate aggressively, capitalize on new market opportunities, and extend leadership.