OneStream Software, which provides corporate performance management (CPM) solutions, has raised a $200M Series B. The round was led by D1 Capital Partners with participation from Tiger Global Management and Investment Group of Santa Barbara.
How’s the company performing?
- Michigan-based OneStream offers enterprises a cloud-based finance platform that combines CPM services such as financial planning, reporting, and analytics.
- In 2020, OneStream reportedly achieved 85% growth in annual recurring revenue (ARR), with a 40% increase in customers. In the first quarter of 2021, the company’s bookings tripled and its ARR doubled compared to last year.
- OneStream’s clients include Fruit of the Loom, McCain, AAA, Takeaway.com, and the Carlyle Group, among others.
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