VC Fund Investments
Contract lifecycle mgmt co SimpliContract raises $3.5 M from Emergent, Kalaari, others
Bengaluru-headquartered SaaS platform SimpliContract has raised USD 3.5 million in a pre-Series A funding round led by Emergent Ventures and with participation from Kalaari Capital, Picus Capital, Foster Ventures, Leslie Ventures and Sentinel Ventures. The proceeds will be used for expansion in the US and European markets, with a focus on investing in sales and marketing. SimpliContract has cumulatively raised USD 5.3 million to date including USD 1.8 million in seed funding in June 2021. Founded in 2020, SimpliContract helps in-house legal, sales, finance, and procurement teams simplify the process across the contract lifecycle and enable real-time collaboration for internal and external stakeholders. The firm claims to serve enterprise customers including Bass Pro Shops, ATI Physical Therapy, NHS, Kent Police, Cyient, Flipkart Group, and Byju's.
From the Venture Intelligence PE-VC Deal Database: In May 21 SimpliContract had raised USD 1.8 M from Sparrow Capita, Arka Venture Labs, Picus Capital, Kalaari Capital and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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