Camunda Funding, Investors & Competitors

Camunda has raised $125M across 2 funding rounds, most recently a $96M Series B in March 2021.

Last Camunda funding round

$96M

Series B · Mar 2021

Cumulative funding Camunda raised

$125M

across 2 funding rounds

Key investors in Camunda

  • Highland Europe
  • Insight Partners

Camunda Overview

About Camunda

Camunda is a Berlin-headquartered platform for business process orchestration and decision automation using BPMN and DMN standards. It powers workflows across AI agents, human tasks, and legacy systems for enterprises like Atlassian, ING, and Vodafone. The Zeebe engine processes millions of tasks per second in cloud-native deployments on AWS, Azure, and Google Cloud. Camunda serves over 700 customers globally, reducing process deployment time from months to days through its open-source core and Operate console for monitoring.


Founded

2008

HQ

GermanyBerlin

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Camunda Funding History

Camunda has raised a total of $125M across 2 funding rounds.

Camunda's first fundraising round was a $29M Series A in December 2018. The most recent completed round was a $96M Series B in March 2021.

Camunda funding rounds

Camunda funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2021Series BInsight Partners (lead); Highland Europe$96MCamunda is an open-source software provider specializing in cloud-native process automation solutions that enable organizations to design, automate, and optimize business processes end-to-end, supporting hyperautomation and serving global customers like Allianz, ING, Intuit, Vodafone, Atlassian, Desjardins Group, Deutsche Telekom, Priceline, and Santander. Originally a consulting firm, Camunda pivoted in 2013 to become a process automation vendor, offering tools that contrast with traditional low-code BPM suites, including Camunda Cloud as a process automation as a service platform and support for orchestrating RPA bots. On March 22, 2021, Camunda closed a Series B funding round of approximately €82 million ($98-100 million USD), led by Insight Partners with participation from existing investor Highland Europe, bringing total funding to about $126 million across three rounds. Insight Partners' Matt Gatto joined the board, and the investment aims to accelerate product development, sales, marketing, and global expansion amid rising demand for automation driven by digitalization, hyperautomation, and cloud-native architectures. At the time, Camunda had around 400 customers worldwide, over 250 employees, and a partner ecosystem exceeding 100 partners. The company highlighted strong market momentum, with the funding positioned to solidify leadership in the multi-billion-dollar process automation market, leveraging Insight Partners' scaling expertise.
Dec 2018Series AHighland Europe (lead)$29MCamunda, a Berlin-based creator of open source workflow automation software, secured €25 million (approximately $28 million) in its first-ever Series A funding round on December 5, 2018, led by Highland Europe. The company, profitable since inception after ten years of operation, serves over 200 enterprise customers including blue-chip banks, mobile operators, insurers, and software firms like Allianz, ING, Vodafone, and Intuit. The funding aims to accelerate global expansion into the US, Europe, and Asia, enhance product development for modern use cases like microservices orchestration and high-scale transaction processing, and boost marketing efforts amid rising demand for workflow automation in digital transformation. Deloitte ranked it among the fastest-growing companies in EMEA. Highland Europe, a growth-stage investor targeting capital-efficient software firms typically with over $10 million in revenue, had pursued Camunda for two years, impressed by its product focus, momentum, and ambition without prior external capital. The investment positions Camunda to capitalize on the fast-growing workflow automation market driven by digital transformation needs across industries. CEO Jakob Freund emphasized the capital's role in fueling growth and innovation without compromising product priorities. This round preceded a larger €82 million ($100 million) Series B in March 2021 led by Insight Partners, with Highland Europe participating, underscoring sustained market momentum in hyperautomation and cloud-native process orchestration.

Who has invested in Camunda?

2 investors have backed Camunda across its funding rounds, including Highland Europe and Insight Partners.

Lead investors include Insight Partners and Highland Europe.


Camunda Investors

Investors in Camunda by funding rounds participated
InvestorHQRoundsRoleFirst check

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Camunda Competitors

Camunda competitors include listed companies like SAP and Snowflake, and private ones like Certus Core, Celonis, Temporal Technologies and ElevenLabs.

Public and private companies comparable to Camunda
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Certus CoreUnited StatesTampa, FLPrivate--$3.4B-
CelonisGermanyMunichPrivate$400M-$13B32.5x
Temporal TechnologiesUnited StatesSeattle, WAPrivate$250M-$13B50.2x
ElevenLabsPolandWarsawPrivate$500M-$11B22.0x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x

Camunda Public Comps

Camunda is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Accenture, Adobe, Datadog, Moody's and Cadence Design Systems.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Accenture$70B$12B1.7x1.6x10.1x8.4x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x

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Common questions about Camunda

When was Camunda founded?Camunda was founded in 2008.
Where is Camunda headquartered?Camunda is headquartered in Berlin, Germany.
Is Camunda publicly listed?No, Camunda is a private, VC-backed company.
How much funding has Camunda raised?Camunda has raised $125M across 2 funding rounds.
What was Camunda's last funding round?Camunda's last funding round was a $96M Series B in March 2021, led by Insight Partners.
Who are Camunda's investors?Camunda's investors include Highland Europe and Insight Partners.
Which companies are comparable to Camunda?Companies comparable to Camunda include Certus Core, Celonis, Temporal Technologies, ElevenLabs, SAP and Snowflake.

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