Icertis Raises $6M in Series A

What does Icertis do?

Icertis, is the leading provider of contract management service in the Microsoft cloud. It provides to the high velocity enterprise an ERP edge cloud products.  Its products include comprehensive solutions for contract and compliance management, fleet management, cargo transportation management and public transport management. Icertis’s products are chaning the ERP surrounded marketplace with their powerful user interface, quick ROI and rapid implementation methods.

How much Icertis was funded?

Icertis raised $6M in Venture round on April 28^th, 2015 by the investors Greycroft Partners and Fidelity Growth Partners India.

Previous funding

• $500K in seed round in 2012.

What is next for Icertis?

Icertis will use the latest funding for enabling the company to rapidly increase its marketing and sales and for further building its award winning contract lifecycle managing product. Money from the investment will help the startup to improve its software platform and to open new sales office in Zurich and to boost its sales across India, North America and Europe. The company is also going to spend some money raised for building its brand and marketing.

The startup is planning to hire 8-10 people in its sales team and 10-20 senior product engineers in the coming 6 months. Icertis is planning to raise $20 M in the coming 12-18 months.

More about Icertis

Icertis was founded on May 29^th, 2009 by Monish Darda and Samir Bodas. It has its headquarters in Bellevue, WA. It is a pioneer of enterprise contract management software in Microsoft Cloud. Its product, ICM- Icertis Contract Management is an award winning and analyst acknowledged product increases contracting velocity and ensures effective risk management and compliance across the procure to pay and order to cash processes.  Icertis enhances visibility and increases the velocity of the enterprise contact process for reducing risk and unlocking business value.