Onestream software 200m d1 capital partners B Financing The company has plans for an initial public offering (IPO) shortly. The company, which provides business information software, has also secured a private equity investment. KKR is the lead investor in this financing round.
KKR-backed company secures $200m Series B funding round
KKR-backed OneStream Software has unveiled a $200 million Series B funding round accompanied by a well-heeled exec suite and a couple of well-heeled clients. OneStream has also been able to open a UK office in Manchester to provide local support for its growing customer base in the EMEA region.
- Fastest-growing companies
With a little over $900 million in cash and the same number of employees, OneStream is on track to be one of the most successful cloud companies of all time. Its latest round of funding will help it realize its potential as the next big thing in cloud FP&A.
- Cloud FP&A Best Practices Awards
OneStream also got the nod in the Gartner Magic Quadrant. The company has garnered several industry awards including being named the winner of the Cloud FP&A Best Practices Awards. The company also managed to make the cut in the CIO’s annual rankings for the best-performing cloud vendors.
Onestream software 200m d1 capital partners Private equity firm leads financing round
Several private equity firms have led OneStream Software’s financing round for $200 million in Series B financing. The funding will be used to help OneStream continue its rapid global expansion. The company has recently experienced an increased demand for financial software solutions. Its mission is to provide 100% customer success.
- OneStream’s cross-market sector
The firm is led by executives with extensive experience in OneStream’s cross-market sector. They have helped many OneStream customers successfully implement their software solutions. They have also advised on numerous high-value financings. They are currently expanding their talent base into the United Kingdom.
- Financial performance management (FPMS)
OneStream Software is a leading provider of financial performance management (FPMS) software. It provides an intelligent finance platform that eliminates the complexity of data reconciliation, planning and reporting. Its customers have replaced Blackline, Anaplan, and other point solutions. OneStream has grown to more than 850 employees and has more than 200 implementation partners worldwide. In addition to its financial software, OneStream provides implementation expertise and end-to-end client support.
- Intelligent finance platform
OneStream Software is backed by D1 Capital Partners, Tiger Global, and KKR. Its financing will be used to accelerate the company’s innovation c. Its global ecosystem now stretches across 175 countries. Its customer base is expected to grow by over 40 per cent over the next three years. The company is expected to double in value by 2022.
OneStream is a global provider of corporate performance management solutions. It provides industry-leading software and implementation expertise. Its mission is to help companies achieve 100% customer success. It has a strong team of executives and is committed to working closely with management teams.
- Private equity investors
OneStream has more than 850 employees and is backed by private equity investors. The company was valued at $1 billion two years ago. Its customer base grew by over 40 per cent in the last year. In addition to its financial software, OneStream offers a unified CPM solution that simplifies reporting and financial consolidation. Its mission is to help companies navigate transformational growth.
OneStream is backed by D1 Capital Partners, which represents Tiger Global. The firm has invested in over 300 mid-market software companies. It has also invested in PointClickCare, ButterflyMX, and automotive mastermind.
Aims to support the corporate management
Providing the best in corporate performance management software, OneStream Software has launched a new global office in Sydney, Australia. The new facility will serve as a centralized headquarters that will enable the company. The team will focus on bolstering OneStream’s presence in Australia, New Zealand, and the rest of the region.
- Corporate performance management solutions
OneStream has more than 850 employees in more than 25 countries. The company is backed by private equity firm KKR & Co., along with IGSB and D1 Capital Partners. In April 2021, the company raised $200 million in Series B funding. With more than 750 customers worldwide, OneStream is a leading provider of corporate performance management solutions.
- Current headcount plans
Onestream software 200m d1 capital partners OneStream software provides an intelligent finance platform that allows organizations to forecast, plan, and budget in real-time. Using the company’s software, organizations can easily track and manage their costs and expenses, as well as conduct joint operations and current headcount plans. It also allows companies to plot fees and associate fees clearly and concisely.
- Financial Close Solutions award
OneStream’s software was named the best in its category in the Gartner Peer Insights Cloud Financial Close Solutions award. The software has also been recognized as the Gartner Magic Quadrant for best cloud financial close solutions. The company’s innovative solution, MarketPlace, was launched in 2015.
- First Splash user conference
- OneStream’s other major accomplishment was its successful acquisition of 100 customers in 2016. The company recently opened an office in Manchester, UK to support its growing customer base in EMEA. OneStream also held its first Splash user conference in EMEA in Amsterdam in 2018.
- OneStream Software also recently announced that it will expand its global headquarters in the United States to a new Stratford, CT location. The company’s new headquarters will offer a training centre, fitness centre, and ample office space for the growing team. The new offices will also support the company’s efforts to expand its implementation partner network worldwide.
- OneStream has also made a name for itself in the life sciences space. The company’s newest offering, Whisker, is a robotic automatic pet feeder that can be programmed to feed your pets. Its suite of related products, including an automatic litter box, is designed to make pet care easier.
Plans for an IPO
Earlier this year, OneStream Software completed a $200 million Series B funding round led by D1 Capital Partners. The company will use the funds to accelerate innovation and global expansion of its corporate performance management (CPM) platform. It plans to expand into Europe, Asia Pacific, and North America.
- Cloud-based platform
Onestream software 200m d1 capital partners OneStream is a cloud-based platform that unifies financial consolidation, budgeting, planning, and analytics for enterprises. Its platform eliminates the complexity of legacy systems and reduces the cost of ownership. The company has helped customers replace legacy CPM applications such as Blackline, Anaplan, and Point Solutions, and has helped them grow by 40% in the past two years.
- Annual recurring revenue
OneStream will use the funds to scale its customer base by 40 per cent to more than 650 enterprises worldwide. The company expects to grow its annual recurring revenue by 86 per cent in 2020. In the first half of 2021, sales growth accelerated by 200 per cent.
- Global investment firm
D1 is a global investment firm that focuses on the technology, media, telecom, and healthcare sectors. It has invested in hundreds of companies since its inception in 2018. It is a long-term investor in fast-growing companies and has made several investments in companies that are disrupting the way we do business.-
- Private equity firm
OneStream is majority owned by private equity firm KKR & Co. Since 2019, KKR has invested more than $500 million in the company. The company is headquartered in Rochester, Mich. and has offices in Germany, Sweden, the Netherlands, France, and the United Kingdom. A spokesperson for KKR declined to comment on the deal.
- Holding off on plans for IPO
According to sources, OneStream is holding off on plans for an IPO. The company is working to build on its existing business, but it could still consider extending its platform through an acquisition. Depending on market conditions, the timing may change. The company does not appear to have formal partnerships with major software vendors. OneStream CEO Bill Koefoed confirmed that KKR is OneStream’s largest shareholder.
- Business and accelerate innovation
OneStream Software has been working to secure $200 million in funding to expand its business and accelerate innovation. Its cloud-based platform unifies corporate performance management processes, and it will use the funds to expand into Europe, Asia Pacific, and Asia-Pacific.
Conclusion
OneStream Software Announces $200 Million Series B Financing KKR-backed Onestream Software has announced that it has secured $200 million in funding to support the global expansion of its corporate management software. Aims to support the global expansion of its corporate management software Providing the best in corporate performance management software.
OneStream Software has launched a new global office in Sydney, Australia. With more than 750 customers worldwide, OneStream is a leading provider of corporate performance management solutions. The company recently opened an office in Manchester, UK to support its growing customer base in EMEA. The company expects to grow its annual recurring revenue by 86 per cent in 2020.
