Hengeler Mueller advises Accel and 83 North on Series C funding for Celonis
25. November 2019
Celonis has raised approximately USD 290m in its Series C funding. The new funding brings the total investment in Celonis to approximately USD 370m, valuing the company at approx. USD 2.5bn. Accel and 83 North have been invested in Celonis since the Series A funding.
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 organisations 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 partners Jens Wenzel (Berlin) and Georg Frowein (Frankfurt) as well as associates Emma Peters and Clemens Höhn (both Berlin) (all M&A/Venture Capital).