Xentral raises $75 million

The Augsburg-based start-up is receiving the money for its expansion. The young company only completed a financing round in January.

Meritech and Tiger Global are investing 75 million US dollars, the equivalent of more than 60 million euros, in Xentral. Frank Thelen, Christian Reber and Sequoia had previously invested in Benedikt and Claudia Sauter's company. Celonis Co-CEO Bastian Nominacher, whose company is now Einhorn, is also on board as an angel investor.

Founded in 2015, the software start-up Xentral specializes in small and medium-sized companies. Xentral offers them programs that digitalize and automate operational processes in the warehouse or in accounting. Initially, Claudia and Benedikt Sauter financed their company from their own resources. With the new investors, the business is now set to expand significantly.

Among other things, the plan is to improve the user-friendliness of the software. Xentral would also like to expand its own app store and become more international. It has chosen the UK as the first country for expansion, where the product launch is due to take place soon.

"I see many parallels with our path with Celonis," says Bastian Nominacher. "The basis of process mining and the Celonis EMS is that business processes are digitalized in the first place. I see enormous value for SMEs in integrating and automating their business processes in a digital tool and thus laying the foundation for a new world of data-driven processes."