Funding round
Celonis Series A
Celonis, which works in process intelligence solutions development in Munich, raised $28M in a Series A round announced on 8 Jun 2016, led by Accel and 83North. 2 firms took part. It is Celonis' first venture round on record.
$28M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Celonis did not disclose a valuation in this round. It is Celonis' first venture round on record, 5 years after it was founded in 2011. It is 3.6% of the $768M Celonis has raised in the venture rounds on record. Celonis raised again 24 months later: a Series B round of $50M in Jun 2018, at $1.00B post-money.
Celonis' funding rounds
Celonis has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 8 Jun 2016, led by Accel and 83North $28M
- Series B 26 Jun 2018, led by Accel and 83North $50M$1.00B post-money
- Series C 12 Jun 2019, led by Arena Holdings $290M$2.50B post-money
- Debt not a venture round 23 Aug 2022, led by KeyBanc Capital Markets $600M
- Series D 23 Aug 2022, led by Qatar Investment Authority $400M$13.00B post-money
Investors
Who put money in
Accel and 83North led the round.
Lead investors
- Accel backs 581 venture-backed companies new investor
- 83North new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
508 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.9M, and this round was 4.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Jun 2016 | $61M | not disclosed | Swiss Re |
| Tech Companies | 28 Jun 2016 | $20M | not disclosed | not named |
| Tech Companies | 2 Jun 2016 | $20M | not disclosed | Fosun Kinzon Capital |
| Tech Companies | 9 Jun 2016 | $15M | not disclosed | TVC Capital |
| Tech Companies | 16 Jun 2016 | $14M | not disclosed | Translink Capital |
| Tech Companies | 1 Jun 2016 | $9.0M | $40M | not named |
| Tech Companies | 30 Jun 2016 | $8.9M | not disclosed | Glass Capital Management |
| Tech Companies | 28 Jun 2016 | $8.7M | not disclosed | Pilot Growth Equity |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Celonis raise in its Series A round?
Celonis raised $28M in its Series A round, announced in Jun 2016.
Who led Celonis' Series A round?
Accel and 83North led it.
What was Celonis' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
508 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.9M, and this round was 4.0 times the median.
Did Celonis raise again after this round?
Yes: a Series B round in Jun 2018 of $50M at $1.00B post-money.