November 21, 2019 / 1:50 PM / 16 days ago

German business process outfit Celonis raises funds at $2.5 bln valuation

BERLIN, Nov 21 (Reuters) - German software firm Celonis said on Thursday that it had raised $290 mln in a Series C funding round, putting a $2.5 billion valuation on the company that has been compared with enterprise application giant SAP.

The funding round was led by Arena Holdings and investors included Ryan Smith, the founder of customer experience specialist Qualtrics that was bought by SAP for $8 billion a year ago.

Reporting by Douglas Busvine; editing by Thomas Seythal

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