Lest there be any doubt some startups are riding high even amid the macroeconomic uncertainty, process mining software vendor Celonis today announced that it secured a whopping $1 billion in additional capital at a $13 billion post-money valuation, a mix of equity ($400 million) and debt (a five-year $600 million credit line). Technically an extension of Celonis’ Series D, the infusion brings the late-stage startup’s total capital raised to $2.4 billion.
Now one of Germany’s most valuable private companies and one of New York’s most valuable startups (with offices in Munich and NYC), Celonis started as a university project around 11 years ago. Alex Rinke, Bastian Nominacher and Martin Klenk launched the company as a spin-off from the Technical University of Munich, and in 2012, Celonis joined the SAP Startup Foc …
