SaaS firm Icertis raises $80mn, valued at $2.8bn - Times of India

The series-F round was led by existing investor B Capital Group, with participation from Greycroft, Meritech Capital Partners, Premji Invest and PSP Growth.Till now, the software-as-a-service (SaaS) company has raised $280 million. The last round two years ago had valued it close to $1 billion. Icertis, which counts clients such as Apple, Daimler, Microsoft and chemical company BASF, is in Gartner ’s Leader Quadrant , based on its completeness of vision and ability to execute.Started by Samir Bodas and Manish Darda, Icertis provides cloud-based software that allows companies to manage all their contracts. “It is immensely satisfying to have led the transformation of CLM (contract lifecycle management) from a ‘nice-to-have’ to a ‘critical-to-have’ software category. The company manages 7.5 million contracts in more than 40 languages across 90 countries.