Fund Raise

Icertis Cements Undisputed CLM Market Leadership with $115 Million Round

BELLEVUE, Wash., July 17, 2019Icertis, the leading provider of enterprise contract management in the cloud, today announced the closing of a $115 million Series E round. With this funding, Icertis becomes the first Contract Lifecycle Management (CLM) company in the world to be valued at more than a billion dollars.

Icertis is recognized as the CLM category leader due to its groundbreaking AI-infused Icertis Contract Management (ICM) platform and unparalleled success in winning Global 2000 customers. It counts some of the most sophisticated enterprises across all major verticals, as well as 5 of the world’s top 10 most valuable companies, as its customers. Today, the ICM platform helps customers worldwide manage over 5.7 million contracts with an aggregate value of more than $1 trillion.

The round was co-led by Greycroft and Premji Invest with participation from existing institutional investors including B Capital Group, Cross Creek, Eight Roads, Ignition Partners, Meritech Capital Partners and PSP Growth…

MX Raises $100 Million in Series B Financing, Signs 2,000th Customer

$175 million total funding to date will be used to deliver next generation data solutions

SILICON SLOPES and LEHI, Utah – June 25, 2019 – MX, the leading data platform for banks, credit unions and fintechs, today announced a $100 million financing round. In addition, the company announced it has reached the 2,000 customer milestone with the signing of Synovus Financial Corp. as its newest customer.

The round was led by Battery Ventures, with participation from new investors H.I.G. Growth Partners, Point72 Ventures, Sorenson Ventures, Pelion Venture Partners, and Cross Creek Capital; from existing investors Industry Ventures, Digital Garage, TTV Capital, and Commerce Ventures; as well as from customers National Bank of Canada and Washington Federal Bank……

Sumo Logic Completes $110 Million Funding Round to Further Fuel Growth and Expansion

REDWOOD CITY, Calif. – May 8, 2019 – Sumo Logic, the leading cloud-native, machine data analytics platform that delivers continuous intelligence, today announced a $110 million funding round led by Battery Ventures, with contributions from new investors including Tiger Global Management and Franklin Templeton, as well as participation from existing investors. With a current valuation over $1 billion, a record FY19 achievement of more than $100 million in revenue, and over 2,000 customers and more than 100,000 users worldwide leveraging its service, Sumo Logic is firmly positioned as the SaaS machine data analytics leader of choice for the cloud era.

BILL.COM ANNOUNCES FINANCING LED BY FRANKLIN TEMPLETON

PALO ALTO, Calif., April 2, 2019 - Today Bill.com, a business payments and software platform leader, announced an $88M funding round led by Franklin Templeton with participation from Mastercard, Fidelity Investments Canada ULC and others.

The small and midsized business segment represents a massive U.S. business payments market that’s ripe for disruption. While consumer payments have experienced abundant innovation, business payments have lagged behind. More than $58 trillion in B2B payments are made annually with 80% of them paper checks, which come at a high cost including potential for errors and security issues…

Clearbit - Our Next Chapter

When we raised our seed round in 2015, we told ourselves that was the only funding we’d ever need. We focused on staying lean and raced to profitability within our first nine months. For the past three years, Clearbit has been profitable. We are in this for the long term, which chiefly requires building a sustainable business….