Start-up financiers have become more cautious about investing large sums – but there was great investor interest in the Munich software company.
(Photo: Celonis)
Dusseldorf Germany’s most valuable start-up Celonis increases its valuation to 13 billion dollars as part of a further financing measure. The Munich-based specialist for data-driven process optimization has secured the option of up to one billion dollars in capital.
Since tech stocks crashed earlier this year, large funding rounds have become rarer. In addition, it is more difficult for entrepreneurs to push through a valuation increase. The main reasons for this are rising interest rates, fears of a recession and uncertainties caused by the consequences of the Ukraine war.
At Celonis, however, neither customer nor investor demand has decreased, says Co-CEO Bastian Nominacher: “In the current market environment, we see an incredible opportunity to continue investing, to get the best talent and to be active in the acquisition area.”
Start-up Celonis: Telekom, Siemens and Deutsche Bank are among the customers
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