Cloud-based contracts company
Icertis has raised $115 million in a Series E investment round led by Greycroft and Premji Invest. To date the Seattle-headquartered company has raised $211 million since 2009 according to Crunchbase. India is home to its development team, and Premji Invest is owned by the family office of WIPRO founder Azim Premji. Icertis also has a blockchain contracts solution.
Icertis provides its clients with enterprise-wide Contract Lifecycle Management (CLM) software, via its Icertis Contract Management (ICM) system. The platform aims to bring all of a client company’s contracts into one place.
“We’ve seen the company become the undisputed CLM leader, acquiring a huge stable of blue-chip customers and generating a return on capital that is among the best we’ve ever seen,” said Greycroft partner Mark Terbeek. “We have no doubt they will become the next giant in the enterprise SaaS market.”
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