Icertis gets USD15m in Series B funding

Icertis, contract lifecycle management provider, has closed USD15 million in Series B funding led by Ignition Partners, with super pro-rata participation from all existing investors, Greycroft Partners and Fidelity Growth Partners India, the company said.

John Connors, managing partner at Ignition Partners and former CIO and CFO at Microsoft, will also join its Board of Directors. This new round brings the company´s total funding to USD21 million. Icertis will use the funds to expand its global operations, invest in marketing, and further enhance the Icertis Contract Management (ICM) platform to widen its leadership position.

Icertis provides contract lifecycle management in the cloud. Icertis Contract Management (ICM) is an innovative, easy-to-use platform that is highly configurable, and continually adapts to complex business needs. With its intelligent workflow and built-in analytics, ICM provides ongoing contractual insights and best-of-breed contract management. ICM enables customers to increase compliance, improve governance, mitigate risk and enhance user productivity, thereby maximizing ROI and accelerating time to value across the global enterprise.