By David. G. Barry
The Qatar
Investment Authority (QIA), Commonfund Capital and a Neuberger
Berman-advised fund are among those backing a startup whose valuation is
now $2 billion higher than it was a year ago.
QIA, the State of Qatar’s $450 billion sovereign wealth fund, led Celonis’
$400 million Series D extension. Backers also included Commonfund Capital – the
private equity investment arm of outsourced chief investment officer firm
Commonfund – and Neuberger-advised Activant Capital. Alta Park Capital and such
existing investors as Arena Holdings, T. Rowe Price Associates, Inc., Franklin
Templeton, Durable Capital Partners, TCV, 83North and Accel Partners also
participated.
Based in Munich, Germany, and New York, Celonis is focused on execution
management. The company has created technology enabling users to eliminate
corporate inefficiencies, provide better customer experience and reduce carbon
emissions. Celonis said it is enjoying a record year of “strong growth,” with
more than 2,500 enterprise deployments globally.
The new round is an extension of a $1 billion round that it announced in June
2021 that valued Celonis at $11 billion. The company said it was valued at $13
billion after the new round, which also included expanding its revolving credit
facility to as much as $600 million.
Over the past six years, Celonis has raised more than $1.7 billion.
QIA has been active, having just recently also participated in backing a life
sciences company. https://www.marketsgroup.org/news/Qatar-Investment-Biotech.