Icertis Unicorn
AI-native contract lifecycle management (CLM) software platform. Founded in Pune, India in 2009 by Samir Bodas (CEO) and Monish Darda; global headquarters is now in Bellevue, Washington, with Pune remaining a major engineering/R&D base (~500-person R&D team). Became the first CLM company valued over $1 billion with its July 2019 Series E round, and reached a valuation of roughly $5…
Icertis: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 21 Mar 2025 | Undisclosed | $50 Mn | source | |
| 31 Oct 2022 | Debt | $150 Mn | Silicon Valley Bank | source |
| 11 Mar 2021 | Series F | $80 Mn | B Capital Group e.ventures Greycroft Partners Meritech Capital Partners Premji Invest PSP Growth | source |
| 17 Jul 2019 | Series E | $115 Mn | Greycroft Partners Premji Invest B Capital Group Cross Creek Advisors Eight Roads Ventures Ignition Partners Meritech Capital Partners PSP Growth | source |
| 8 Feb 2018 | Series D | $50 Mn | Meritech Capital Partners B Capital Group Cross Creek Advisors Eight Roads Ventures Greycroft Partners Ignition Partners PSP Growth | source |
| 29 Mar 2017 | Series C | $25 Mn | B Capital Group e.ventures Eight Roads Ventures Greycroft Partners Ignition Partners | source |
| 10 Mar 2016 | Series B | $15 Mn | Ignition Partners Fidelity Growth Partners India Greycroft Partners | source |
| 29 Apr 2015 | Series A | $6 Mn | Fidelity Growth Partners India Greycroft Partners | source |
Acquisitions
Recent Signals
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8 Aug 2025 · org-team
Icertis appoints Anand Subbaraman as CEO; co-founder Samir Bodas becomes executive chairman source -
21 Feb 2024 · growth-traction
Icertis surpasses $250 million in annual recurring revenue source -
22 Feb 2022 · ma-strategic
SAP takes minority stake in Icertis, deepens CLM partnership source -
12 Nov 2021 · financial
SoftBank buys ~$80M secondary stake in Icertis from Eight Roads Ventures at $5B valuation source
News on Icertis
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Who founded Icertis?
Icertis was founded by Samir Bodas, Monish Darda in 2009.
How much funding has Icertis raised?
Icertis has raised $491 Mn across 8 tracked funding round(s), most recently on 2025-03-21. Figures are compiled from cited public sources.
Who are the investors in Icertis?
Investors in Icertis include Silicon Valley Bank, B Capital Group, e.ventures, Greycroft Partners, Meritech Capital Partners, Premji Invest, PSP Growth.
What does Icertis do?
AI-native contract lifecycle management (CLM) software platform. Founded in Pune, India in 2009 by Samir Bodas (CEO) and Monish Darda; global headquarters is now in Bellevue, Washington, with Pune remaining a major engineering/R&D base (~500-person R&D team). Became the first CLM company valued over $1…
Where is Icertis headquartered?
Icertis is headquartered in Pune, Maharashtra, India.
What is Icertis's business model?
Icertis's core value proposition centers on AI-native contract intelligence, Vera AI layer, End-to-end contract lifecycle: Engage, Operate, Analyze.
How does Icertis make money?
Icertis's cited revenue streams include Enterprise SaaS subscriptions, Annual recurring revenue above $250M (Feb 2024).