Icertis, a Bellevue, WA-based provider of contract lifecycle management in the cloud, closed $15m Series B funding.
The round was led by Ignition Partners, with participation from existing investors Greycroft Partners and Fidelity Growth Partners India. In conjunction with funding, John Connors, managing partner at Ignition Partners and former CIO and CFO at Microsoft, will join Icertis’ Board of Directors.
The company, which has raised $21m in total funding, will use the capital to expand its global operations, invest in marketing, and increase adoption of the platform.
Led by Samir Bodas, co-founder and CEO, Icertis provides a cloud based contract lifecycle management platform that features intelligent workflow and built-in analytics aiming to enable customers to increase compliance, improve governance, mitigate risk and enhance user productivity.
Today, the platform is used by more than 500,000 professionals across legal, procurement, finance and sales departments to manage over 2 million contracts in 40+ languages in enterprises across the globe.
Customers include Becton Dickinson, Cognizant, HBO, Microsoft, and Skullcandy.