What is Icertis?
Icertis offers a comprehensive enterprise contract intelligence platform designed to revolutionize how organizations manage their agreements. By integrating AI and advanced lifecycle management tools, the platform supports critical functions across legal, procurement, finance, sales, and IT departments. Icertis's solution connects with existing ERP and enterprise systems to provide deep analytics on contract performance, risk, and obligations, thereby enabling businesses to optimize efficiency, ensure compliance, and maximize value from their contractual relationships. The company's focus on transforming contract data into actionable insights positions it as a leader in the burgeoning contract intelligence market.
How much funding has Icertis raised?
Icertis has raised a total of $565.3M across 9 funding rounds:
Series B
$14.5M
Series C
$25M
Series D
$50M
Series E
$115M
Series F
$80M
Other Financing Round
$75M
Debt
$150M
Other Financing Round
$50M
Series B (2016): $14.5M led by Greycroft Partners, Eight Roads Services, Fidelity Growth Partners India, and Ignition Partners
Series C (2017): $25M supported by Eight Roads Ventures, Greycroft Partners, e.ventures, Ignition Partners, and B Capital Group
Series D (2018): $50M featuring Ignition Partners, B Capital Group, Eight Roads Ventures, Meritech, Cross Creek Advisors, Greycroft Partners, and PSP Capital Partners, LLC
Series E (2019): $115M backed by Meritech, Eight Roads, Greycroft Partners, Cross Creek Advisors, Premji Invest, Ignition Partners, PSP Capital Partners, and B Capital Group
Series F (2021): $80M with participation from PSP Capital Partners, Premji Invest, Greycroft Partners, e.ventures, Meritech, and B Capital Group
Other Financing Round (2022): $75M, investors not publicly disclosed
Debt (2022): $150M supported by SVP
Other Financing Round (2025): $50M featuring B Capital Group
Key Investors in Icertis
Eight Roads Ventures
Eight Roads Ventures is a global venture capital firm that invests in high-growth technology and healthcare companies. They provide long-term capital and strategic support to help businesses scale and achieve market leadership.
Greycroft Partners
Greycroft Partners is a venture capital firm specializing in investments within the internet and mobile technology sectors. They leverage their extensive network to support entrepreneurs in building successful companies.
B Capital Group
B Capital is a venture capital firm focused on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors. They aim to support founders throughout the company-building lifecycle.
What's next for Icertis?
The recent major strategic investment in Icertis signals a strong confidence from its backers in the company's future trajectory. This capital infusion is expected to fuel further innovation in its AI capabilities and expand its market reach globally. As Icertis continues to scale its operations, it is poised to deepen its impact on enterprise-level contract management, addressing complex challenges related to risk mitigation, compliance, and revenue realization. The company's ongoing development in contract analytics and intelligence is likely to solidify its position as an indispensable tool for large organizations navigating intricate contractual landscapes.
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