United States · Series D startup

Who invested in Icertis

3 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

IT Services

Valuation: $5.0B, Mar 2026

Funding summaryUpdated 26 Oct 2026

$81Mraised across 3 rounds since 2015, from 3 sources

$6.0MSeries A$25MSeries C$50MSeries D
Latest round
Series D, $50MFeb 2018
Step-upi
2×
Investors
9
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

201620172018
$6.0MSeries A$25MSeries C$50MSeries D
First round
Series A, $6.0M
Apr 2015
Biggest round
$50M
Series D · Feb 2018
Usual gap between rounds
23 months
the median of 2

The rounds

  1. Feb 2018
    Series D$50M4 new2 returning

    Reported by FinSMEsSEC filing: $50M sold, first sale Jan 2018

  2. Mar 2017
    Series C$25M3 new1 returning

    Reported by FinSMEsSEC filing: $20M sold, first sale Mar 2017

  3. Apr 2015
    Series A$6.0M2 new

    From a historical funding recordSEC filing: $5.8M sold, first sale Mar 2015

Founders and team

From Icertis's own website: 16 on the team.

  • Rajat BahriCo-CEO & CFO
  • Uday TekumallaCorporate Vice President of Marketing
  • Jim MoffattCo-CEO & Board Chairman
  • Jaime DreikosenChief Accounting Officer
  • Pranali SaveChief Human Resources Officer
  • Todd SmithChief Legal Officer
  • Nitin KhoranaHead of Sales
  • Sundar BalasubramanianHead of Product
  • Allan GolstonBoard Member
  • Brad GuilbaultBoard of Directors
  • John ConnorsBoard Member
  • Mark TerbeekBoard Member
  • Paul MaderaBoard Member
  • Penny PritzkerBoard Member
  • Raj GangulyBoard Member
  • Vijay VasheeBoard Member

AdvisersMonish DardaBetsey AtkinsHarald KrugerJeff EpsteinKlaus RichterShashi MandapatyUrsula Burns

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Series A2015Series C2017Series D2018GreycroftEight Roads VenturesB CapitalIgnition Partnerse.venturesCross CreekFidelity Growth Partners IndiaB Capital Group/ IgnitionMeritech Capital Partners/ PSP Growth

Everyone who backed them

GreycroftVC firm3rounds
Eight Roads VenturesVC firm2rounds
B CapitalVC firm1round
Ignition PartnersVC firm1round
e.venturesVC firm1round
Cross CreekVC firm1round
Fidelity Growth Partners IndiaInvestment firm1round
B Capital Group/ Ignitionno record of our own yet1round
Meritech Capital Partners/ PSP Growthno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list Icertis as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

HDS CapitalVC firmPer its own site
Nelstone VenturesVC firmPer its own site

Quick answers about Icertis

Who invested in Icertis?

Icertis's investors include Greycroft, Eight Roads Ventures, B Capital, Ignition Partners and e.ventures, and 4 more on record.

How much has Icertis raised?

Icertis has raised $81M across 3 rounds since 2015.

When did Icertis last raise?

Icertis's most recent round was a Series D of $50M in Feb 2018.

What was Icertis's biggest round?

Its most recent round, $50M in Feb 2018, is also its largest on record.

Who backed Icertis first?

Icertis's first round on record, in Apr 2015, was backed by Greycroft and Fidelity Growth Partners India.

What stage is Icertis at?

Icertis's latest named round is a Series D, in Feb 2018.

Where is Icertis based?

Icertis is based in the United States.

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