Total amount raised
$665 Million
Latest funding date
11/01/2024
Location
OneStream Software has successfully raised funding over three rounds, with the latest being a Private Equity round. The company is backed by five investors, including General Atlantic and Tidemark.
Keep reading to explore the intricacies of OneStream Software's fundraising journey and the investors backing this innovative platform.
What Is OneStream Software?
OneStream Software is an independent software company specializing in financial planning and analysis software. The company operates in various industries, including artificial intelligence, finance, financial services, information technology, and software. It is located in Rochester, Michigan, and has an employee count ranging from 1001 to 5000.
OneStream Software provides a unified platform for managing financial and operational data, leveraging AI and machine learning to enhance decision-making, forecasting, and planning. The company offers solutions for financial close and consolidation, financial planning and analysis, integrated business planning, and reporting and analytics. It serves industries such as financial services, government, healthcare, manufacturing, and higher education.
How Much Funding Has OneStream Software Raised?
- Series B
- Amount Raised: USD 200,000,000
- Date: April 2021
- Lead Investors: D1 Capital Partners
- Valuation at Round: USD 6,000,000,000
- Motivation Behind the Round: To accelerate global expansion and innovation across OneStream's intelligent finance platform and solutions marketplace.
- Post-IPO Secondary
- Amount Raised: USD 465,000,000
- Date: November 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders and support further growth initiatives.
Total Amount Raised: USD 665,000,000. Current Valuation: USD 6,000,000,000.
Key Investors
- D1 Capital Partners
- Details: Founded by Daniel Sundheim in 2018, D1 Capital Partners operates across public and private markets. The firm combines the operational excellence of a large asset management firm with the flexibility of a family office.
- Investment Focus Areas: Global internet, technology, telecom, media, consumer, healthcare, financial, industrial, real estate sectors.
- Notable Investments: Procore, Snowflake, Stripe, Unity Software, SpaceX.
- Tiger Global
- Details: Tiger Global is a well-known investment firm that focuses on technology and growth companies. It participates in both private and public markets.
- Investment Focus Areas: Global internet, software, consumer, financial technology industries.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Investment Group of Santa Barbara (IGSB)
- Details: IGSB is a private investment firm that focuses on long-term investments in high-growth companies.
- Investment Focus Areas: Technology, growth-stage companies, long-term value creation.
- Notable Investments: Specific notable investments are not detailed in the sources.
- KKR
- Details: KKR is a global investment firm that made a strategic investment in OneStream in 2019. It remains the largest shareholder and a very supportive investor.
- Investment Focus Areas: Technology, media, telecommunications (TMT), private equity, energy, infrastructure, real estate, credit.
- Notable Investments: ByteDance, Epic Games, GoDaddy.
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies.
- Investment Focus Areas: Technology, consumer, financial services, healthcare.
- Notable Investments: Airbnb, Alibaba, Uber.
What's Next for OneStream Software?
OneStream Software is poised for significant growth, with opportunities to expand into the Asia-Pacific region and diversify its services beyond finance to include HR, IT, sales, marketing, and supply chain management. The company's recent $200 million funding round, which brought its valuation to $6 billion, underscores the vast potential for further market penetration and innovation.
Future fundraising opportunities are likely, with the company contemplating an IPO and continued support from major investors like D1 Capital Partners and Tiger Global. However, OneStream will need to navigate challenges such as competition from established players like SAP and Oracle, and the complexities of scaling operations globally while maintaining high growth rates and customer satisfaction.
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