Funding round
Icertis Series D
Icertis, which works in contract lifecycle management platform development in Bellevue, raised $50M in a Series D round announced on 8 Feb 2018, led by Meritech Capital. 7 firms took part, 1 of them already investors. It is Icertis' fourth venture round on record; the one before was a Series C in Mar 2017.
$50M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Icertis did not disclose a valuation in this round. It came 11 months after Icertis' Series C. It is 15% of the $341M Icertis has raised in the venture rounds on record. Icertis raised again 17 months later: a Series E round of $115M in Jul 2019, at $1.00B post-money.
Icertis' funding rounds
Icertis has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 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 this round 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
Meritech Capital led the round with 6 other firms. Meritech Capital had backed Icertis before.
Lead investor
- Meritech Capital backs 84 venture-backed companies existing investor
Also in the round
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
84 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Feb 2018 | $50M | not disclosed | Intel Capital |
| Tech Companies | 20 Feb 2018 | $40M | not disclosed | Goldman Sachs |
| Tech Companies | 21 Feb 2018 | $36M | not disclosed | Atlantic Bridge |
| Tech Companies | 1 Feb 2018 | $30M | $120M | not named |
| Tech Companies | 27 Mar 2018 | $125M | $1.27B | Kleiner Perkins |
| Tech Companies | 9 Mar 2018 | $100M | $600M | Shunwei Capital |
| Collibra Tech Companies | 8 Jan 2018 | $58M | not disclosed | ICONIQ Capital and Battery Ventures |
| Tech Companies | 21 Mar 2018 | $53M | not disclosed | Stripes |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Icertis raise in its Series D round?
Icertis raised $50M in its Series D round, announced in Feb 2018.
Who led Icertis' Series D round?
Meritech Capital led it, with PSP Partners, Cross Creek Advisors, B Capital, Ignition Partners and Greycroft and 1 more.
What was Icertis' valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
84 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was close to the median.
Did Icertis raise again after this round?
Yes: a Series E round in Jul 2019 of $115M at $1.00B post-money.