Washington based startup that develops cloud-based software to help large companies manage contracts raised $115m of Series E funding (at more than a billion-dollar valuation to become the latest SaaS unicorn), led by Greycroft and PremjiInvest.
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Icertis raises $115 million
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Icertis, which was founded originally in India, helps customers manage more than 5.7m contracts with an aggregate value of more than $1 trillion. In a statement, Mark Terbeek, a partner at Greycroft, said Icertis’ ability to win “a huge stable of blue-chip customers” was among the factors that attracted them to invest in the company. “Nothing is more foundational than contract management as every dollar in and every dollar out of a company is governed by a contract. As the CLM market takes off, we are thrilled to have Premji Invest join the Icertis family, Greycroft double down by co-leading this round, and all investors re-up their commitment as we execute on our mission to become the contract management platform of the world,” said Icertis’ co-founder and CEO Samir Bodas, in a statement.
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