The KfW Banking Group has honored one company in each German state as a "Founder Champion." The Munich-based data analytics startup Celonis won in Bavaria. The national winner goes to Havelländische Zink-Druckguss GmbH & Co. KG.
Runs at Celonis: It was only in June that the startup acquired the two Facebook investors Accel Partners, 83North and $27.5 million into the boat. The US magazine Forbes names co-founder Alexander Rinke among its “30 under 30 Europe”. Already last year, Celonis was Deloitte Fast50 Awards recognized as the fastest growing technology company in Germany.
Now the process mining software provider has another trophy richer: Together with the other 15 state winners, the special award winner, and the national award winner, Celonis was honored as Bavaria's "Founder Champion" by Iris Gleicke, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy, and Dr. Katrin Leonhardt, KfW Director. The KfW Founder Champion Awards carry a total prize of €35,000. Co-founder and Co-CEO Bastian Nominacher says:
“The award makes us very proud – it is another sign for us that we are on the right track.”
Technology facilitates process analysis
The Munich-based startup's technology makes it easier for companies to analyze their ongoing processes and provides insight into workflows, hidden cost drivers, and weak points. The technology is already used by over 200 customers from more than 15 industries and 25 countries, including medium-sized companies and Fortune 500 companies such as Siemens, KPMG, Deloitte, Bayer, and Vodafone. Celonis was founded in 2011 by three students at the Technical University of Munich: Martin Klenk, Bastian Nominacher, and Alexander Rinke.
