Funding round
Celonis Series B
Celonis, which works in process intelligence solutions development in Munich, raised $50M in a Series B round announced on 26 Jun 2018, led by Accel and 83North, at a $1.00B post-money valuation. 2 firms took part, 2 of them already investors. It is Celonis' second venture round on record; the one before was a Series A in Jun 2016.
$50M
Amount raised
$1.00B
Post-money valuation
2
Investors
2 leads
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Celonis at $1.00B after the new money. The $50M bought investors about 5.0% of the company. It came 24 months after Celonis' Series A. It is 6.5% of the $768M Celonis has raised in the venture rounds on record. Celonis raised again 12 months later: a Series C round of $290M in Jun 2019, at $2.50B post-money.
Celonis' funding rounds
Celonis has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 8 Jun 2016, led by Accel and 83North $28M
- Series B this round 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. Accel and 83North had backed Celonis before.
Lead investors
- Accel backs 581 venture-backed companies existing investor
- 83North existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
453 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 2.5 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Podium Tech Companies | 7 Jun 2018 | $60M | not disclosed | Institutional Venture Partners |
| Tech Companies | 19 Jun 2018 | $43M | not disclosed | Sageview Capital |
| Tech Companies | 25 Jun 2018 | $36M | not disclosed | Kinnevik |
| Tech Companies | 25 Jun 2018 | $30M | not disclosed | Scale Venture Partners |
| Tech Companies | 20 Jun 2018 | $28M | not disclosed | EQT Ventures and M12 |
| Tech Companies | 15 Jun 2018 | $26M | not disclosed | Redpoint Ventures |
| Tech Companies | 28 Jun 2018 | $25M | not disclosed | Insight Partners |
| Tech Companies | 28 Jun 2018 | $25M | not disclosed | Menlo Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Celonis raise in its Series B round?
Celonis raised $50M in its Series B round, announced in Jun 2018.
Who led Celonis' Series B round?
Accel and 83North led it.
What was Celonis' valuation at the Series B round?
$1.00B post-money.
How does it compare with other Series B rounds in Tech Companies?
453 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 2.5 times the median.
Did Celonis raise again after this round?
Yes: a Series C round in Jun 2019 of $290M at $2.50B post-money.