Funding round
Celonis Series C
Celonis, which works in process intelligence solutions development in Munich, raised $290M in a Series C round announced on 12 Jun 2019, led by Arena Holdings, at a $2.50B post-money valuation. 3 firms took part. It is Celonis' third venture round on record; the one before was a Series B in Jun 2018.
$290M
Amount raised
$2.50B
Post-money valuation
3
Investors
1 lead
2.5x
Step-up from the Series B
$1.00B in Jun 2018
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Celonis at $2.50B after the new money, 2.5 times the $1.00B of its Series B (Jun 2018). The $290M bought investors about 12% of the company. It came 12 months after Celonis' Series B. It is 38% of the $768M Celonis has raised in the venture rounds on record. Celonis raised again 38 months later: a Series D round of $400M in Aug 2022, at $13.00B 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 26 Jun 2018, led by Accel and 83North $50M$1.00B post-money
- Series C this round 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
Arena Holdings led the round with 2 other firms.
Lead investor
- backs 11 venture-backed companies new investor
Also in the round
- Qualtrics new investor
- Procore 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
245 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 8.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Jun 2019 | $230M | not disclosed | Eurazeo and Prime Ventures |
| Tech Companies | 5 Jun 2019 | $81M | not disclosed | DFJ Growth |
| Tech Companies | 27 Jun 2019 | $80M | not disclosed | DFJ Growth |
| Tech Companies | 19 Jun 2019 | $45M | not disclosed | Insight Partners |
| Tech Companies | 19 Jun 2019 | $40M | not disclosed | Index Ventures |
| Tech Companies | 4 Jun 2019 | $35M | not disclosed | Battery Ventures |
| Tech Companies | 11 Jun 2019 | $21M | not disclosed | Khosla Ventures |
| Tech Companies | 31 Jul 2019 | $135M | $1.00B | Goldman Sachs |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Celonis raise in its Series C round?
Celonis raised $290M in its Series C round, announced in Jun 2019.
Who led Celonis' Series C round?
Arena Holdings led it, with Qualtrics and Procore.
What was Celonis' valuation at the Series C round?
$2.50B post-money.
How does it compare with other Series C rounds in Tech Companies?
245 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 8.3 times the median.
Did Celonis raise again after this round?
Yes: a Series D round in Aug 2022 of $400M at $13.00B post-money.