Contract mgmt SaaS unicorn Icertis raises $75-M

Seattle and Pune-based contract management Software-as-a-Service (SaaS) unicorn Icertis has raised USD 75 million in debt. Set up in 2009 by Monish Darda and Samir Bodas, Icertis is a cloud-based SaaS startup that offers enterprise contract management solutions. The debt comes after Icertis raised funding from German software giant SAP SE in January. The unicorn raised USD 80 million in its Series F round, led by existing investor B Capital Group with participation from other investors. The round valued the startup at USD 2.8 Billion. In September 2022, Japan's SoftBank Vision Fund bought shares from Icertis's existing investor Eight Roads at a valuation of around USD 5 Billion.