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Icertis raises $15 million led by Ignition Partners


Icertis, a Seattle-based contract management software maker, which also has offices in Pune and Mumbai, has raised $15 million in a series B round of funding led by Ignition Partners, reports Techcircle. The company will use the funds to expand globally, for marketing and improve its platform.

The company had previously raised $6 million in a series A round of funding in April last year. It had also raised $500,000 in seed funding back in 2012. Founded in 2009 by Samir Bodas and Monish Darda, Icertis offers a contract management platform to various businesses including HBO, Microsoft, Skullcandy, Chemonics, Lupin, Airtel and Mindtree.

Other than contract management, Icertis also provides solutions for risk and compliance, proposal management, collaboration portal, reporting and analytics, sourcing management, and templates and clauses. All these services are offered over the company’s cloud platform.

Other developments:

– Last month, Altizon, a Pune headquartered IoT platform provider, raised funding worth Rs 9.78 crore ($1.4 million) for a 20% stake from Wipro Ventures.

– In January, Pune-based Persistent Systems signed an agreement with Citrix Systems International, a Swiss subsidiary of Citrix Systems, to acquire Citrix CloudPlatform and CloudPortal business manager products in an asset purchase transaction.

– The same month, big data company Antuit holdings raised $56 million from investment bank Goldman Sachs and existing investor Zodius Capital.

– Microsoft Accelerator incubated-Qubole secured $13 million in December in a series B financing led by Norwest Venture Partners.

– In August, Mumbai-based IntelligenceNODE, a big data analytics startup, raised Series A funding worth $4 million from New Enterprise Associates (NEA) and Orios Venture Partners.

– In July, big data and analytics startup Flytxt has raised $11 million in funding led by Sunrise Capital GmbH and Big Data Investments B.V.

– In June, Seattle based Indix, a search engine platform and app which crawls product data and analytics, has raised Series B funding worth $15 million from Nokia Growth Partners

– Earlier in July 2014, Mumbai-based big data analysis firm Peel-Works secured a $2 million investment from IDG Ventures India and Inventus Capital Partners.

– In March 2014, Mumbai-based big data analytics firm Germin8 raised $3 million in Series A funding from Kalaari Capital.

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