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Alternative Assets  + Private Equity  |  January 3, 2023
SirionLabs Ups Series D Funding Round to $110M with Brookfield Growth Investment
By: Joe Palmisano

SirionLabs Ups Series D Funding Round to $110M with Brookfield Growth Investment

SirionLabs, a company that provides software applications for enterprise contract management, announced it reached $110 million in its Series D funding following a $25mn investment by Brookfield Growth, the technology investment arm of Brookfield Asset Management.

The company raised $85mn in Series D financing last year led by Partners Group and participation from existing investors Sequoia India and Tiger Global.

“Sirion is solving a truly horizontal problem that impacts the bottom line, whether it’s identifying savings, closing deals faster or mitigating compliance risk. Brookfield has experienced this as a Sirion customer across multiple business lines globally,” said Josh Raffaelli, Managing Partner at Brookfield Growth.

Founded in 2012 by UnitedLex founder Ajay Agrawal and Coca-Cola and General Motors alum Claude Marais, Sirion claims its artificial intelligence-powered platform can streamline the contract process, speed up approvals and mitigate compliance risks.

Sirion has more than 250 customers, including telecommunications giant Vodafone and financial services company Allianz Global Investors, and manages over five million contracts worth over $450bn, according to its website.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.