Bellevue, Wash.-based contract administration software program supplier Icertis raised $75 million, in keeping with a brand new SEC submitting.
We’ve reached out to the corporate for extra particulars and can replace this story once we hear again.
Based in 2009, Icertis is considered one of a handful of Seattle-area unicorns. The corporate was valued $2.8 billion after elevating a $80 million Sequence F spherical in March 2021, and has raised greater than $300 million to this point. Its backers embrace heavyweights equivalent to SAP and SoftBank.
The corporate ranks No. 2 on the Startup 200, our checklist of high privately held Pacific Northwest tech startups.
Icertis sells contract administration software program throughout 90 international locations. The concept is to assist corporations preserve monitor of offers with suppliers and clients, and negotiate higher contracts by highlighting methods to economize or transfer sooner. Its clients embrace Accenture, Microsoft, SAP, Mercedes-Benz, and Johnson & Johnson.
Icertis competes with DocuSign, SirionLabs, Conga, and plenty of others that additionally give attention to contract administration, a market anticipated to develop from below $1 billion to $3 billion over the following decade.
The corporate’s annual recurring income grew greater than 50% within the first half of 2022.
Earlier this month Icertis employed Deanna Lanier, a former exec at Infor, as chief technique officer. The corporate is led by CEO and co-founder Samir Bodas, a veteran of Microsoft and Aztecsoft.