German tech unicorn Celonis raises over €261 million to extend its market leadership in process excellence software | EU-Startups

Leading global enterprises including 3M, Airbus, Danaher, L’Oréal, Lufthansa, Siemens, and Uber rely on Celonis to improve the efficiency of their finance, supply chain, IT, sales, and customer service functions. Arena Holdings led the funding round alongside a group of principal investors and established entrepreneurs who have successfully scaled profitable, high-growth businesses. Smith will serve as a special advisor to the company and work closely with Celonis board member and Hybris founder, Carsten Thoma. Feroz Dewan, the CEO of Arena Holdings commented: “Celonis is the clear market leader in a category with open-ended potential. Celonis leverages customers’ multi-billion-dollar legacy IT investments by connecting seamlessly to their existing infrastructure and providing real time control and visibility on process optimisation opportunities.