Qatar investors of QIA and consortium acquired stake in German software firm for $400 million

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Qatar Investment Authority and a consortium has acquired stake in Celonis, a German software company, for $400 million.

Launched in 2011, Celonis provides software solutions for companies to run their business processes entirely on data and intelligence. (QIA was established in 2005. Headquartered in Doha, it was founded as a means to strengthen the country’s economy. the fund predominantly invests in international markets United States, Europe and Asia-Pacific and within Qatar outside the energy sector.)

Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44.

What we like about the deal:
We like how their funding has increased in each series: Series A $27.5 million, Series B $50 million, Series C $290. More details in their press release here.

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Go to Publisher: DubaiBeat
Author: DubaiBeat