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.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.