# Icertis funding: rounds and investors

> Icertis has raised $81M across 3 rounds since 2015. Investors include Greycroft, Eight Roads Ventures and B Capital. Every round with its source.

Source: https://millionrounds.com/company/icertis (Millionrounds; every figure on the page links to its filing or article)

United States · [Series D startup](https://millionrounds.com/companies)

# 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 summary Updated 26 Oct 2026

**$81M** raised across 3 rounds since 2015, from 3 sources

**$6.0M** Series A **$25M** Series C **$50M** Series D

- **Latest round:** Series D, $50M Feb 2018
- **Step-up i:** 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.

2016 2017 2018

**$6.0M** Series A

**$25M** Series C

**$50M** Series D

- **First round:** Series A, $6.0M
- **Biggest round:** $50M
- **Usual gap between rounds:** 23 months

## The rounds

- **Feb 2018** Series D **$50M** *4 new* *2 returning* [Greycroft](https://millionrounds.com/fund/greycroft) [B Capital](https://millionrounds.com/fund/b-capital) [Ignition Partners](https://millionrounds.com/fund/ignition-partners) [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) [Cross Creek](https://millionrounds.com/fund/cross-creek) Meritech Capital Partners/ PSP Growth Reported by FinSMEs SEC filing: $50M sold, first sale Jan 2018
- **Mar 2017** Series C **$25M** *3 new* *1 returning* [Greycroft](https://millionrounds.com/fund/greycroft) [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) [e.ventures](https://millionrounds.com/fund/e-ventures) B Capital Group/ Ignition Reported by FinSMEs SEC filing: $20M sold, first sale Mar 2017
- **Apr 2015** Series A **$6.0M** *2 new* [Greycroft](https://millionrounds.com/fund/greycroft) [Fidelity Growth Partners India](https://millionrounds.com/fund/fidelity-growth-partners-india) From a historical funding record SEC filing: $5.8M sold, first sale Mar 2015

## Founders and team

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

- **Rajat Bahri** Co-CEO & CFO
- **Uday Tekumalla** Corporate Vice President of Marketing
- **Jim Moffatt** Co-CEO & Board Chairman
- **Jaime Dreikosen** Chief Accounting Officer
- **Pranali Save** Chief Human Resources Officer
- **Todd Smith** Chief Legal Officer
- **Nitin Khorana** Head of Sales
- **Sundar Balasubramanian** Head of Product
- **Allan Golston** Board Member
- **Brad Guilbault** Board of Directors
- **John Connors** Board Member
- **Mark Terbeek** Board Member
- **Paul Madera** Board Member
- **Penny Pritzker** Board Member
- **Raj Ganguly** Board Member
- **Vijay Vashee** Board Member

Advisers *Monish Darda* *Betsey Atkins* *Harald Kruger* *Jeff Epstein* *Klaus Richter* *Shashi Mandapaty* *Ursula 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 A** 2015 **Series C** 2017 **Series D** 2018 [Greycroft](https://millionrounds.com/fund/greycroft) [Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) [B Capital](https://millionrounds.com/fund/b-capital) [Ignition Partners](https://millionrounds.com/fund/ignition-partners) [e.ventures](https://millionrounds.com/fund/e-ventures) [Cross Creek](https://millionrounds.com/fund/cross-creek) [Fidelity Growth Partners India](https://millionrounds.com/fund/fidelity-growth-partners-india) B Capital Group/ Ignition Meritech Capital Partners/ PSP Growth

## Everyone who backed them

[Greycroft](https://millionrounds.com/fund/greycroft) VC firm **3** rounds

[Eight Roads Ventures](https://millionrounds.com/fund/eight-roads) VC firm **2** rounds

[B Capital](https://millionrounds.com/fund/b-capital) VC firm **1** round

[Ignition Partners](https://millionrounds.com/fund/ignition-partners) VC firm **1** round

[e.ventures](https://millionrounds.com/fund/e-ventures) VC firm **1** round

[Cross Creek](https://millionrounds.com/fund/cross-creek) VC firm **1** round

[Fidelity Growth Partners India](https://millionrounds.com/fund/fidelity-growth-partners-india) Investment firm **1** round

B Capital Group/ Ignition no record of our own yet **1** round

Meritech Capital Partners/ PSP Growth no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=icertis).

## 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 Capital](https://millionrounds.com/fund/hds-capital) VC firm Per its own site

[Nelstone Ventures](https://millionrounds.com/fund/nelstone-ventures) VC firm Per 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.

## Companies like Icertis

In the same sector, and raised in the last eighteen months.

[**Chariot Claims** $23M · Oct 2026](https://millionrounds.com/company/chariot-claims)[**Subeca** $9.0M · Oct 2026](https://millionrounds.com/company/subeca)[**FlexCompute** $53M · Oct 2026](https://millionrounds.com/company/flexcompute)[**Negosh** $3.1M · Oct 2026](https://millionrounds.com/company/negosh)[**StarLifter** $4.0M · Oct 2026](https://millionrounds.com/company/starlifter)[**Litewave.AI** $1.7M · Oct 2026](https://millionrounds.com/company/litewave-ai)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app
