Celonis is now worth 13 billion euros

This enabled the first German Decacorn to further increase its value - despite the tense economic-political situation.

The Munich-based software company Celonis gains access to additional funding in the amount of one billion US dollars. The sum is made up of a $400 million expansion of the Series D financing round and a $600 million free credit line with a consortium of leading global banks. The credit line can be drawn at any time, the company says.

In the Series D round, which has now been expanded, Celonis was valued at eleven billion euros, rising to become Germany's first "decacorn" last June. This refers to start-ups that have been valued at more than ten billion dollars.

Now the company, which develops software designed to enable more effective process flows in companies, has been able to continue its soaring success despite the tense economic-political situation. "With the help of Celonis, our customers can quickly improve their processes and achieve measurable added value," Celonis co-founder Alexander Rinke said in the company's announcement. "As a result, demand for our products has never been stronger." At the moment, he said, that's especially true for supply chain optimization and measures to better respond to inflation and price spikes.

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

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.