Icertis, a Bellevue-based enterprise contract management provider, secured $25 million in a recent round of Series C funding, which will help the company expand globally and accelerate research and development investments for its contract management platform.

Icertis

Icertis CEO Samir Bodas. Photo courtesy Icertis.

The funding was led by B Capital Group with participation from current investors Ignition Partners, Greycroft in partnership with e.ventures, and Eight Roads Ventures. The added capital brings Icertis’ total funding to $46 million.

“In today’s hyper-competitive world, forward-thinking enterprises are rapidly recognizing the need to transform their commercial foundation with a true enterprise-wide contract management platform,” Icertis co-founder and CEO Samir Bodas said in a press release. “We are delighted to partner with B Capital as we execute on our mission to become the contract management platform of the world.”

Capital B co-founder and partner Raj Ganguly said Icertis’ rapid revenue growth and positive cash flow made it an enticing investment.

“Icertis is disrupting the $6 billion contract management market by turning contracts into strategic assets and enabling companies to find new sources of value while reducing risk,” Ganguly said in a press release. “At B Capital, we think there is a big opportunity to connect differentiated technology companies like Icertis to global market leaders.”

Following Icertis’ Series B funding in March of last year, additional clientele — like 3M and Damlier — have jumped on board. The company also expanded its cloud software executives, was recognized as a leader in its category by Gartner and Forrester, and named one of Glassdoor’s Top 50 places to work among private cloud companies.

Find Out First
Stay connected with the latest
Eastside business news.
no thanks
Share!