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QIA leads Series D extension in Celonis, market leader in process mining


-QIA leads $400 million cash equity raise
-Celonis is the global market leader in process mining, which helps companies enhance efficiencies
-The deal includes a $600m credit facility

New York, Munich and Doha, 23 August 2022QIA has led a $400 million cash equity Series D extension in Celonis, the global market leader in process mining.
The deal is part of an additional $1 billion liquidity raise, which will be used to help Celonis accelerate its unique position to help customers thrive in challenging economic environments. 

Celonis is executing another record year of strong growth with more than 2,500 enterprise deployments worldwide. The $1 billion of new funds enhances Celonis’ already impressive capital position. Celonis will use these additional funds to invest in product innovation, drive adoption with Global 2000 customers, expand market potential with acquisition investments, and deepen penetration with ecosystem partners.

This liquidity raise was anchored by a $400 million equity raise, led by QIA, at a post money valuation of $13 billion. In addition, Celonis expanded its revolving credit facility to as much as $600 million with a syndicate of leading global banks. 

The extension also includes new blue-chip investors such as Activant Capital, Neuberger Berman, Alta Park Capital and Commonfund. Existing investors including Arena Holdings, funds and accounts advised by T. Rowe Price Associates Inc., Franklin Templeton, Durable Capital Partners LP, TCV, 83North, Accel Partners and Sator Grove also joined the round extension.

The Celonis five-year $500 million line of credit is expandable to $600 million and is the largest syndicated bank recurring revenue revolving credit facility of its kind. This debt facility was led by KeyBanc Capital Markets, with Goldman Sachs, HSBC, and J.P. Morgan. Morgan Stanley, Citibank, and Deutsche Bank acted as joint lead arrangers. Lenders in the syndicate also include Royal Bank of Canada, Silicon Valley Bank, SMBC, Citizens Bank, MUFG and Bank of America.
Mansoor Al-Mahmoud, CEO of QIA, said: “Celonis is well aligned with QIA’s strategic focus on innovative, best-in-class companies that are shaping the global economy of the future. Celonis is providing clear added value for its customers by enhancing their operational efficiency and driving their performance. QIA looks forward to a long-term and productive relationship.”

“Since the first days of Celonis, we have built a company that is operating on sound fundamentals, immutable customer value, and the kind of resiliency that performs at the highest levels in any economic environment,” said Bastian Nominacher, co-CEO and co-founder of Celonis. “These fundamentals are what puts Celonis in such a unique position to lean into the wind, while others are stepping back. Raising an additional $1 billion in funds gives us maximum flexibility to aggressively innovate, capitalize on new market opportunities, and extend our market leadership.” 

“There is a ‘behind-the-scenes secret’ that Celonis is equally effective in driving top and bottom-line value in both booming and challenging economies,” said Alex Rinke, co-CEO and co-founder of Celonis. “We have never experienced more urgency from customers to use Celonis to hunt down and fix the kind of process problems that can yield tens-to-hundreds of millions in cash and time savings.”