The Venture Codex Logo

The Venture Codex

OneStream Software

362 South Street, Rochester, Michigan, 48307, United States

Overview

OneStream offers a single, extensible intelligent finance platform that unifies planning, financial close & consolidation, reporting and analytics for enterprise finance teams. The company positions itself as a replacement for legacy CPM tools and point solutions. It serves over 650 customers with a partner network of roughly 200 and more than 700 employees. OneStream reported 86% growth in annual recurring revenue (ARR) in 2020 and said Q1 2021 bookings grew over 200% with ARR up 100% year-over-year. The company plans to use new capital to accelerate global expansion, continue innovating its platform, and grow its solutions marketplace. OneStream is backed by growth investors including KKR, D1 Capital Partners, Tiger Global and Investment Group of Santa Barbara. OneStream offers the OneStream XF SmartCPM platform that unifies financial consolidation, planning, reporting, analytics and data quality in a single cloud or on‑premise application. The company emphasizes extensibility via its XF MarketPlace, having delivered more than 50 downloadable solutions to accelerate time to value. OneStream reported 137% year‑over‑year growth in software sales in 2018 and record profitability, adding more than 120 customers (bringing the total to more than 300) and over 90 employees globally that year. More than 75% of new customers replaced Oracle Hyperion, SAP, IBM or other legacy products, sometimes eliminating many legacy systems by migrating to OneStream. The platform earned FedRAMP Moderate authorization to expand reach in the U.S. public sector and posted market‑leading customer satisfaction ratings on Gartner Peer Insights (4.9 and 4.8 in relevant categories). OneStream also expanded offices in Germany, France and Spain, forged 30+ strategic partnerships (including PwC and EY), and is evaluating new markets for further expansion.

Total raised
$200M
Funding rounds
2
Latest round
Series B
Latest activity
Apr 2021

Industries

  • Artificial Intelligence (AI)
  • Finance
  • Financial Services
  • Information Technology
  • Software
Visit website

Recent funding

  1. Series B

    Apr 2021

    $200M

Team