Wilson Sonsini Goodrich & Rosati advised OneStream Software on the deal.
OneStream Software, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, announced that it has secured $200 million in Series B funding and a valuation of $6 billion.
D1 Capital Partners led the all primary funding round with participation from Tiger Global and Investment Group of Santa Barbara (IGSB). The financing will be used to accelerate OneStream’s global expansion and innovation across its intelligent finance platform and solutions marketplace as the company capitalizes on record market demand.
Despite the disruption caused by the global pandemic, OneStream achieved 86 percent growth in annual recurring revenue (ARR) in 2020, scaling its customer base by 40 percent to over 650 enterprises worldwide, 70 percent of which replaced legacy CPM applications such as Oracle Hyperion, SAP, IBM, and point solutions such as Anaplan and Blackline.
The Wilson Sonsini team that advised OneStream Software includes Allison Spinner (Picture), Michael Nordtvedt, Andrew Sparks, Victor Nilsson, Aletha Tarn, and paralegal Barbara Mery.
Involved fees earner: Victor Nilsson – Wilson Sonsini Goodrich & Rosati; Michael Nordtvedt – Wilson Sonsini Goodrich & Rosati; Andrew Sparks – Wilson Sonsini Goodrich & Rosati; Allison Spinner – Wilson Sonsini Goodrich & Rosati; Aletha Tarn – Wilson Sonsini Goodrich & Rosati;
Law Firms: Wilson Sonsini Goodrich & Rosati;
Clients: OneStream Software;