France-founded SaaS corporate governance and contract management provider DiliTrust has raised €130m from a consortium of investors including Cathay Capital, Eurazeo and Sagard, which it says will help it to expand into new markets.
DiliTrust works with over 2,000 legal departments of large and mid-sized corporations. With the money raised, it plans to grow both organically and through acquisitions, in order to achieve international expansion. It also plans to carry out a significant recruitment initiative over the next twelve months. The company currently employs around 170 staff worldwide and turned over nearly €20m in 2021, half of which was generated internationally. It has a recorded annual growth of more than 30% in recent years.
Its clients include Royal Bank of Canada, BNP Paribas, Campari, Capgemini, and Société Générale, who have turned to the modular DiliTrust Governance Suite for digitising and managing board and committee meetings; managing legal entities; contract management; litigation management; and secure document sharing and collaboration.
“This investment is a recognition of DiliTrust’s performance and reinforces its ambition to be the leader in solutions for legal departments thanks to its unique positioning,” said Yves Garagnon, CEO of DiliTrust. “We work closely with corporate lawyers to anticipate their needs. We offer them the means to make a difference and efficiently manage key data required to make informed decisions.”
