October 17, 2018

German Accelerator Success Story: Celonis

Written by German Accelerator

Celonis, a spin-off from the Technical University Munich, was founded in 2011 and joined German Accelerator Silicon Valley in 2013. The signs that Celonis would stand out among other startups were there right from the start: Profitable from its very beginning and in 2011, it was ranked as Germany’s fastest-growing technology company. See a short message from Marc Kinast, VP of Business Development and Channel Sales here.

 

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Update:

German Accelerator alumni Celonis is no stranger to the startup world and has been growing relentlessly over the past years. Only three years ago, they reached one of the most significant milestones for any startup: to become a unicorn. Already back then, Marc Kinast, VP Global Business Development at Celonis, told us that it is a great achievement but no reason for them to relax and put their feet up. Their ambition and hard work paid off. In 2019, Celonis raised $290M, and after a successful Series D funding round of $1B, they have reached a valuation of over 10 billion dollars and can now officially call themselves a decacorn. This makes them the first-ever German decacorn and, being co-headquartered in New York, the most valuable startup in New York City. We are beyond proud to have been part of and supported Celonis’ journey of their expansion to the U.S. and can’t wait to see what else they have in store.