Celonis is now worth 13 billion euros

The first German decacorn was thus able to further increase its value - despite the tense economic situation.

The Munich-based software company Celonis has gained access to additional funding of one billion US dollars. The sum is made up of an extension of the Series D financing round amounting to 400 million dollars and a free credit line of 600 million dollars from a consortium of leading global banks. The credit line can be utilized at any time, the company announced.

In the Series D round, which has now been extended, Celonis was valued at eleven billion euros, making it Germany's first "Decacorn" in June last year. This refers to start-ups that are valued at more than ten billion dollars.

The company, which develops software designed to enable more effective processes in companies, has now been able to continue its soaring success despite the tense economic situation. "With the help of Celonis, our customers can quickly improve their processes and achieve measurable added value," said Celonis co-founder Alexander Rinke in the company's press release. "This is why the demand for our products has never been as strong as it is today." This currently applies in particular to the optimization of supply chains and measures to better respond to inflation and price increases.

The financing round is being led by the Qatar Investment Authority, with Activant Capital, Neuberger Berman, Alta Park Capital and Commonfund Capital also among the new investors. Existing investors such as Arena Holdings, Franklin Templeton, Durable Capital Partners LP, TCV, 83North, Accel Partners and Sator Grove also participated in the expansion of the financing round.

The syndicate providing the credit facility is led by Key Banc Capital Markets. Goldman Sachs, HSBC Ventures, J.P. Morgan, Morgan Stanley Senior Funding, Citibank and Deutsche Bank are joint lead arrangers, and the syndicate also includes RBC Capital Markets, Silicon Valley Bank, SMBC, Citizens, MUFG and Bank of America.