OneStream Software package Announces $200 Million Expenditure at $6 Billion Valuation

ROCHESTER, Mich.–(Organization WIRE)–OneStream Software program, a leader in corporate performance management (CPM) remedies for the world’s major enterprises, introduced right now that it has secured $200 million in series B funding and a valuation of $6 billion. D1 Cash Companions led the all primary funding spherical with participation from Tiger World-wide and Financial commitment Group of Santa Barbara (IGSB). The funding will be utilized to speed up OneStream’s worldwide expansion and innovation throughout its clever finance system and methods market as the enterprise capitalizes on report market demand.

Even with the disruption brought on by the world-wide pandemic, OneStream obtained 86% expansion in annual recurring profits (ARR) in 2020, scaling its client base by 40% to above 650 enterprises throughout the world, 70% of which changed legacy CPM programs these kinds of as Oracle Hyperion, SAP, IBM and position solutions these kinds of as Anaplan and Blackline. In the just done Q1 of 2021, OneStream’s income development accelerated with about 200% expansion in bookings and 100% development in ARR, calendar year more than year.

“Following on the strategic financial commitment we been given from KKR in 2019, we are thrilled to provide on marquee investors this kind of as D1 Funds Associates, Tiger World wide and IGSB to aid accelerate our advancement,” mentioned Tom Shea, CEO of OneStream Software program. “We remain sharply focused on offering ground breaking preparing, reporting and investigation methods developed to support our clients realize success in today’s rapid-paced and ever more complex enterprise environment. The valuation is great recognition of the price our workers and stakeholders have served to create, as nicely as the remarkable alternatives ahead for OneStream.”

D1 Capital Associates has emerged as a foremost trader in disruptive progress businesses such as Procore, Snowflake, Stripe, Unity Computer software and SpaceX. Alongside one another with Tiger International and IGSB, the group signifies extensive phrase investors in lots of of the world’s speediest escalating and most fascinating providers. The money will permit OneStream to additional serve the big addressable marketplace for its smart finance system throughout economic and operational requires.

“OneStream’s platform delivers extraordinary purchaser worth,” explained Andrew Wynne, Principal, D1 Cash Associates. “Management’s intensive target on shopper results has enabled OneStream to capture major market place share from incumbents, although posting sturdy growth in equally earnings and consumer acquisition. We believe OneStream has both equally the vision and merchandise required to be a dominant power in its market.”

“Tom and the OneStream staff have designed world-course methods and demonstrated they are equipped to function at scale as a trusted companion to world enterprises,” reported Dave Welsh, KKR’s Head of TMT Expansion Fairness and Chairman of the Board at OneStream. “We are happy to be joined by a team of prime engineering investors who share our conviction in the business.”

“The worldwide pandemic that we all experienced in excess of the earlier year was a wake-up get in touch with for digital transformation and has pushed improved need for agile platforms that can enable organizations improve their capacity to answer to financial volatility and disruption,” said Howard Dresner, Chief Investigate Officer at Dresner Advisory Products and services. “Organizations should change finance and their functionality management processes by unifying and streamlining planning, reporting and examination processes, empowering the company with everyday and weekly economical signals that impact choice producing and drive good organization results.”

About OneStream Application

OneStream Computer software delivers a sector-top clever finance platform that cuts down the complexity of money functions. OneStream unleashes the power of finance by unifying corporate overall performance administration (CPM) processes these as planning, financial close & consolidation, reporting and analytics via a one, extensible resolution. We empower the organization with fiscal and operational insights to assist a lot quicker and a lot more educated conclusion-earning. All in cloud system created to frequently evolve and scale with your organization.

OneStream is an unbiased program business backed by investors KKR, D1 Money Partners, Tiger Worldwide, and Investment decision Team of Santa Barbara. With in excess of 650 buyers, 200 partners and above 700 employees, our principal mission is to provide 100% client success.

About D1 Capital Companions

D1 Money Associates is a world-wide investment decision company that operates throughout community and private markets. The company brings together the expertise and operational excellence of a substantial, premier asset administration company with the versatile mandate and long-phrase time horizon of a family members business. Launched in 2018 by Daniel Sundheim, D1 focuses on investing in the worldwide internet, technological innovation, telecom, media, client, health care, money, industrial, and real estate sectors.