Total amount raised
$51.8 Millions
Latest funding date
09/01/2023
Location
Certa has successfully raised funds through multiple rounds, with its latest being a Series B. The company specializes in compliance, governance, and risk management platforms, offering a comprehensive Third Party Operating System (OS) for managing third-party relationships.
Keep reading to explore the intricacies of Certa's fundraising journey and the investors backing this innovative platform.
What Is Certa?
Certa, founded in 2013 by Jagmeet Lamba, is a compliance, governance, and risk management platform headquartered in Saratoga, California. The company specializes in providing a Third Party Operating System (OS) for managing third-party relationships across various risk domains and lifecycle stages.
Operating in industries such as B2B, enterprise software, and SaaS, Certa employs between 101 and 250 people. The platform integrates AI to streamline workflows, automate processes, and ensure comprehensive risk and compliance coverage, making it a trusted solution for global industry leaders.
How Much Funding Has Certa Raised?
- Seed Round
- Amount Raised: $118K
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their Third Party Operating System (OS) and establish initial market presence.
- Seed Round
- Amount Raised: $1.7M
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand initial customer base.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and begin product development.
- Series A
- Amount Raised: $15M
- Date: March 2022
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations, enhance technology, and expand market reach.
- Series B
- Amount Raised: $35M
- Date: September 2023
- Lead Investors: Fin Capital, Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster go-to-market strategy, expand into new markets, and accelerate the adoption of advanced Generative AI.
Total Amount Raised: $51.818M. Current Valuation: Not publicly disclosed.
Key Investors
- Fin Capital
- Details: Fin Capital is a global asset manager focused on full life cycle investing in B2B FinTech companies. They provide value beyond capital through their proprietary platform, Lighthouse, hands-on operating playbooks, and deep operational experience.
- Investment Focus Areas: Fintech, financial services, technology-driven companies.
- Notable Investments: Not publicly disclosed.
- Vertex Ventures Southeast Asia and India
- Details: Vertex Ventures is a venture capital firm that invests in high-growth technology companies. They are backed by Temasek and focus on technology and innovation-driven companies in Southeast Asia and India.
- Investment Focus Areas: Technology, innovation-driven companies in Southeast Asia and India.
- Notable Investments: Not publicly disclosed.
- Point72 Ventures
- Details: Point72 Ventures is a global venture capital firm that invests in early-stage technology companies. They participated as an existing investor in Certa's Series B funding round.
- Investment Focus Areas: Early-stage technology companies, fintech, enterprise, AI.
- Notable Investments: Not publicly disclosed.
- BDMI (Bertelsmann Digital Media Investments)
- Details: BDMI is a venture capital firm that is part of Bertelsmann. They focus on digital media investments and participated as an existing investor in Certa's Series B funding round.
- Investment Focus Areas: Digital media, online education, innovative technology companies.
- Notable Investments: Not publicly disclosed.
- Aglae Ventures
- Details: Aglae Ventures is a venture capital firm that participated as an existing investor in Certa's Series B funding round. They are the family office of Bernard Arnault.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Certa?
With $35 million in new funding, Certa is poised to seize significant opportunities. The company plans to expand into high-growth markets like Europe and enhance its platform with advanced Generative AI. This expansion is crucial as global supply chains become more interconnected and compliance requirements grow more stringent.
Future fundraising seems likely given the strong investor interest and the company's ambitious growth plans. The recent oversubscribed Series B round indicates a robust market potential, suggesting that additional funding rounds could be on the horizon to support further technological advancements and market expansion.
However, Certa will face challenges such as integrating advanced technologies and navigating complex compliance landscapes across different countries. Managing data security, privacy, and fraud risks in a global supply chain environment will also be critical. Despite these hurdles, Certa's strategic focus and strong investor backing position it well for future success.
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