Wire · operational-macro
Celonis: DACH's $13B Software Unicorn, Repriced but Winning
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Fusion42 · 4 October 2026 · Fusion42 review
Celonis, the Munich-based process-mining software leader with a $771M ARR in 2023, experienced a valuation repricing from $13.2B in 2022 to an estimated $7.7B in 2024 on the secondary market, reflecting broader market multiple contraction rather than company weakness.
This Wire brief sits within Fusion42's coverage of Enterprise Software.
◆ ◆ The Wire takeaway
You face a new reality where market appetite for enterprise software valuations has settled lower, forcing you to focus on strengthening revenue and customer retention to sustain growth despite softer market multiples.
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1 source · 17 Aug 2026
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