ERP Solutions Startup Icertis Raises $15 Mn From Ignition Partners And Others

ERP solutions startup, Icertis, has raised about $15 Mn (INR 100 Cr) in a Series-B round of funding led by Ignition Partners, reported ET. Existing investors Greycroft Partners and Fidelity Growth Partners India also participated in this round.

Seattle-based Icertis provides cloud-based SaaS solutions for managing enterprise-wide contracts, be it buy-side, sell-side or employee contracts as well as ESOPs.

Founded in 2009 by Monish Darda and Samir Bodas, the Bellevue-based cloud enterprise software startup has offices in Pune and Mumbai in India. The company’s flagship product, Icertis Contract Management (ICM), can manage, sell-side, buy-side and corporate enterprise contracts across the globe by leveraging the power of the cloud.

Prior to this, Icertis raised $6 Mn from US-based venture capital firm, Greycroft Partners along with Fidelity Growth Partners India.

Greycroft is a syndicate-friendly firm. The venture fund generally invests between $100K and $5 Mn during inception. Whereas Fidelity Growth Partners India is the private equity arm of Fidelity International Ltd, focused on growth capital investing across sectors.

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