SaaS startup Icertis raised $150 million funds from US-based Silicon Valley Bank

Software-as-a-service (SaaS) startup Icertis raised $150 million through a revolving credit facility and convertible financing from US-based Silicon Valley Bank.

Icertis offers contract lifecycle management software to assist businesses in managing their contracts. It also assists organisations in ensuring the visibility of these contracts while ensuring compliance with local rules. Clients have used Icertis’ platform to execute over 10 million contracts in 40 languages, according to the company.