Hengeler Mueller advises Accel Partners and 83 North on investment in Celonis
27. June 2018
Accel Partners („Accel“) have, together with 83North, invested USD 50 m in Celonis as part of a Series B funding. The company was valued at USD 1 bn. Celonis has been a profitable company ever since its inception and has outpaced its growth targets since its June 2016 USD 27.5 m Series A funding by Accel and 83North.
Accel is one of the large US-American Venture Capital companies. Celonis was founded in 2011 and is a New York- and Munich-based enterprise software company that offers an Intelligent Business System based on the process mining technology it pioneered. As the market leader in process mining, Celonis helps organizations to rapidly understand and improve operational process flows for business transformation.
Hengeler Mueller advised Accel and 83 North on the transaction. The Hengeler Mueller team included partner Georg A. Frowein (Frankfurt) as well as associates Clemens Höhn (Berlin) and Loretta Lang (Frankfurt) (all M&A/Venture Capital).