Icertis, a Bellevue, WA-based provider of enterprise contract management in the cloud, raised $25m in Series C funding.
The round, which brought total funding to $46m, was led by B Capital Group with participation from existing investors Ignition Partners, Greycroft, e.ventures and Eight Roads Ventures.
The company intends to use the funds to accelerate its R&D investment in the ICM platform, double its staff in Seattle, San Jose, Pune and Stuttgart and expand its physical presence with new offices in the U.S. and Europe.
Led by Samir Bodas, co-founder and CEO, Icertis provides a cloud based enterprise contract management platform used by customers like 3M, ABB, AbbVie, Becton Dickinson, Cognizant, Daimler, Microsoft and Roche to manage 2.5+ million contracts, by 750,000+ users, in 90+ countries and 40+ languages. It features intelligent workflow and built-in analytics to access ongoing contractual insights and contract management.