Third-Party Management Platform Certa Raises Series B Round to Expand Global Reach
Certa, an all-in-one third-party management platform, has raised $35 million in a 2x oversubscribed Series B round led by Fin Capital and Vertex Ventures Southeast Asia and India.
As per the startup, the freshly raised funds will be used to bolster its go-to-market engine, expand its reach to new high-growth markets like the EU, and accelerate adoption.
The round also saw participation from Tru Arrow Partners, existing investors Point72 Ventures, and BDMI (which is part of Bertelsmann’s corporate venture arm, Bertelsmann Investments). Additionally, the family office of Bernard Arnault’s Aglae Ventures, The Chainsmokers-backed Mantis VC, and GOAT Capital joined the round.
The funding round brings the total institutional investment in Certa to $50 million to date.
Certa | Third-Party Management Platform
Founded by Jagmeet Lamba in 2013, Certa is a no-code platform that makes it easy to digitize and manage the lifecycle among all third parties, including vendors, partners, and clients.
With automated onboarding, contract lifecycle management, and ESG management, the startup eliminates the procurement bottleneck and allows companies to onboard third parties 3x faster.
Speaking about the development, Jagmeet Lamba, Founder and CEO of Certa, said,
“This investment in a tough economic environment underscores the demand for a more complete, modern solution to manage third-party relationships. It is a testament to Certa’s best-in-class technology and the value we have delivered to clients.”
Statement from Investor
Commenting on the development, Piyush Kharbanda, General Partner at Vertex Ventures Southeast Asia and India (SEAI), stated that its technology stack makes it “the best command center for large organizations as they look to scale globally.”
The startup claims to be pioneering the use of advanced Generative AI to streamline third-party ecosystems, offering a range of services, including risk-scoring reports, third-party validations, templates, modules, and questionnaires to assess risk and ensure compliance with regulations. It enables companies to significantly reduce cycle times by more than 78% and cut operating costs by 50%.
Also, it claims to have helped clients onboard and monitor millions of companies across 120 countries, supporting 41 languages.
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