OneStream raises $200M, now valued at $6B after its enterprise-focused financial software sees a surge of use

OneStream raises $200M, now valued at $6B after its enterprise-focused financial software sees a surge of use

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/04/06/onestream-raises-200m-now-valued-at-6b-after-its-enterprise-focused-financial-software-sees-a-surge-of-use/

Digital transformation is the name of the game these days, and companies that are enabling businesses to take a leap into the future, by helping them tackle their most complex operations, are reaping the rewards. In the latest development, OneStream, a startup that provides a toolkit of services to enterprises to help them run financial operations (for example, reporting, planning, tax and more), has raised $200 million in primary equity. The funding values OneStream at $6 billion.

D1 Capital Partners led the financing, with participation from Tiger Global and Investment Group of Santa Barbara (IGSB), the company said. Tiger Global and D1 appear to share at least one common backer, Tiger Management, which may be one reason why you see them together in many big deals.