How Much Did Sirion Raise? Funding & Key Investors

Sirion has successfully raised funding over five rounds, with the latest being a Series D round. The company is backed by seven investors, including Brookfield Growth and Tiger Global Management.

Haveli Investments is making a majority investment in Sirion to support its continued growth. Keep reading to explore the intricacies of Sirion's fundraising journey and the investors backing this innovative platform.

What Is Sirion?

Sirion, founded in 2012, is a leader in AI-driven contract management software. The company offers a comprehensive platform that leverages conversational AI to manage the full contract lifecycle, including contract creation, negotiation, performance management, and risk management.

Located in Lehi, Utah, Sirion operates in the fields of Artificial Intelligence, Enterprise Software, and SaaS. The company has an employee count between 501-1000 and serves various industries and departments, providing tailored solutions to improve contracting efficiency and compliance.

How Much Funding Has Sirion Raised?

1. Series A
   • Amount Raised: USD 4,700,000
   • Date: April 2014
   • Lead Investors: Peak XV Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial version of their AI-driven contract management platform and establish a market presence.
2. Series B
   • Amount Raised: USD 12,250,000
   • Date: July 2016
   • Lead Investors: Peak XV Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their product offerings and scale operations to meet growing demand.
3. Series C
   • Amount Raised: USD 44,000,000
   • Date: April 2020
   • Lead Investors: Tiger Global Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance AI capabilities and integrate with major enterprise platforms.
4. Series D
   • Amount Raised: USD 85,000,000
   • Date: May 2022
   • Lead Investors: Partners Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To consolidate their market position and expand R&D hubs globally.
5. Series D (Additional)
   • Amount Raised: USD 25,000,000
   • Date: January 2023
   • Lead Investors: Brookfield Growth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further strengthen their leadership in the CLM market and advance AI capabilities.

Total Amount Raised: USD 170,950,000. Current Valuation: Not publicly disclosed.

Key Investors

• Brookfield Growth
  • Details: Brookfield Growth is the growth equity arm of Brookfield Asset Management, focusing on technology investments. They made a significant investment in Sirion during the Series D round.
  • Investment Focus Areas: Technology, innovation-driven companies.
  • Notable Investments: Not specifically mentioned in the sources.
• Partners Group
  • Details: Partners Group is a global private markets investment manager that invests in private equity, real estate, infrastructure, and debt. They led the Series D round for Sirion.
  • Investment Focus Areas: Private equity, private real estate, private infrastructure, private debt.
  • Notable Investments: GlobalLogic, Techem, Fermaca.
• Tiger Global Management
  • Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global internet, software, consumer, and financial technology industries. They participated in Sirion's Series C and D rounds.
  • Investment Focus Areas: Internet, software, consumer, financial technology.
  • Notable Investments: Flipkart, LinkedIn, Spotify.
• Sequoia India
  • Details: Sequoia India is a venture capital firm that invests in early and growth-stage companies across various sectors. They participated in Sirion's Series D round.
  • Investment Focus Areas: Technology, healthcare, consumer services.
  • Notable Investments: BYJU'S, Zomato, OYO.
• Peak XV Partners
  • Details: Peak XV Partners is a venture capital firm that focuses on early to growth-stage companies in technology and healthcare sectors. They led Sirion's Series A and B rounds.
  • Investment Focus Areas: Technology, healthcare.
  • Notable Investments: Not specifically mentioned in the sources.

What's Next for Sirion?

Sirion is poised to capitalize on the burgeoning enterprise Contract Lifecycle Management (CLM) market, which is projected to reach $3.3 billion by 2027. With over 250 organizations already using its platform to manage contracts worth over $450 billion, the company is well-positioned to expand its market presence. The recent $110 million Series D funding will enable Sirion to enhance its AI capabilities and integrate with major enterprise platforms like SAP, Salesforce, and Microsoft 365.

Future fundraising opportunities seem promising, given the involvement of high-profile investors like Brookfield Growth, Partners Group, Sequoia India, and Tiger Global. These funds will likely support further innovation and global expansion, particularly in AI and R&D. However, Sirion will need to navigate challenges such as intense competition, technological advancements, and the complexities of integrating with various enterprise platforms.

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