INSUBCONTINENT EXCLUSIVE:
Icertis, a Washington-headquartered startup that develops cloud-based software to help large companies manage contracts, has raised $115
million at more than a billion-dollar valuation to become the latest SaaS unicorn as it looks to further expand its footprint across the
globe.The Series E round for the 10-year-old firm was led by Greycroft and PremjiInvest, and saw participation from existing investors B
Capital Group, Cross Creek Advisors, Eight Roads, Ignition Partners, Meritech Capital Partners and PSP Growth
The startup, which also has offices in Seattle, Pune, Singapore, London, Paris and Sydney, has raised $211 million to date.Icertis said it
would use the fresh capital to expand its technology platform to address wider use cases
It said it would also expand its blockchain framework that integrates with enterprise contract management platforms to solve challenges such
as transparency in supply chain and certification compliance
It is also looking to acquire startups that are a good fit to its contracting business.Icertis lets users manage almost all kinds of
administrative tasks like sending renewal reminders.Icertis, which was founded originally in India, helps customers manage more than 5.7
million contracts with an aggregate value of more than $1 trillion
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,
