TUM spinout Celonis has grown to Germany’s first decacorn, three years after becoming the university’s first unicorn.
Celonis, a Germany-based business process analytics software spinout of Technical University of Munich (TUM), has raised $1bn in a series D round co-led by Durable Capital Partners and funds and accounts advised by T Rowe Price Associates.
Franklin Templeton, Splunk Ventures and assorted private investors also joined the round, as did several existing investors of which only Arena Holdings was identified. The round valued Celonis at $11bn post-money, reportedly making it Germany’s first decacorn.
Founded in 2011, Celonis…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
