SaaS Unicorn Icertis Eyes $50 Mn Fundraise

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SaaS unicorn Icertis is looking to raise $50 Mn (around INR 431.8 Cr) in an equity funding round.

As per a Form D filed by the startup with the US Securities and Exchange Commission (SEC), the round will see participation from five investors. 

While it didn’t disclose the name of the investors, it was reported that last year that Icertis was looking for a $150 Mn secondary sale, which would see SoftBank increase its stake in the startup.

As per the Form D, the date of first sale for the investment was March 4. This represents the date on…



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SaaS Unicorn Icertis Eyes $50 Mn Fundraise


SaaS unicorn Icertis is looking to raise $50 Mn (around INR 431.8 Cr) in an equity funding round.

As per a Form D filed by the startup with the US Securities and Exchange Commission (SEC), the round will see participation from five investors. 

While it didn’t disclose the name of the investors, it was reported that last year that Icertis was looking for a $150 Mn secondary sale, which would see SoftBank increase its stake in the startup.

As per the Form D, the date of first sale for the investment was March 4. This represents the date on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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