Funding round
Icertis Series A
Icertis, which works in contract lifecycle management platform development in Bellevue, raised $6.0M in a Series A round announced on 28 Apr 2015, led by Greycroft and Fidelity Growth Partners India. 2 firms took part. It is Icertis' first venture round on record.
$6.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Icertis did not disclose a valuation in this round. It is Icertis' first venture round on record, 6 years after it was founded in 2009. It is 1.8% of the $341M Icertis has raised in the venture rounds on record. Icertis raised again 11 months later: a Series B round of $15M in Mar 2016. Its next priced round, a Series E in Jul 2019, valued it at $1.00B.
Icertis' funding rounds
Icertis has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 28 Apr 2015, led by Greycroft and Fidelity Growth Partners India $6.0M
- Series B 10 Mar 2016, led by Ignition Partners $15M
- Series C 29 Mar 2017, led by B Capital $25M
- Series D 8 Feb 2018, led by Meritech Capital $50M
- Series E 17 Jul 2019, led by Greycroft and Premji Invest $115M$1.00B post-money
- Series F 11 Mar 2021, led by B Capital $80M$2.80B post-money
- Debt not a venture round 31 Oct 2022, led by Silicon Valley Bank $150M
- Growth 1 Mar 2025 $50M
Investors
Who put money in
Greycroft and Fidelity Growth Partners India led the round.
Lead investors
- Greycroft backs 236 venture-backed companies new investor
- Fidelity Growth Partners India new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
382 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.2M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Apr 2015 | $10M | not disclosed | Emergence Capital |
| Tech Companies | 28 Apr 2015 | $10M | not disclosed | Union Square Ventures |
| Tech Companies | 15 Apr 2015 | $10M | not disclosed | not named |
| Tech Companies | 14 Apr 2015 | $8.0M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 1 Apr 2015 | $6.0M | not disclosed | Reach Capital and Rothenberg Ventures |
| Tech Companies | 1 Apr 2015 | $3.7M | not disclosed | Obvious |
| Tech Companies | 14 Apr 2015 | $3.2M | not disclosed | not named |
| Tech Companies | 28 Apr 2015 | $1.8M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Icertis raise in its Series A round?
Icertis raised $6.0M in its Series A round, announced in Apr 2015.
Who led Icertis' Series A round?
Greycroft and Fidelity Growth Partners India led it.
What was Icertis' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
382 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.2M, and this round was close to the median.
Did Icertis raise again after this round?
Yes: a Series B round in Mar 2016 of $15M.