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Alternative Assets  + Private Equity  |  January 3, 2023
SirionLabs Ups Series D Funding Round to $110M with Brookfield Growth Investment
Joe Palmisano
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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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