Paris-based DiliTrust, a provider of SaaS solutions to help legal departments achieve excellence in corporate governance, announced on Friday that it has raised €130M in a fresh round of funding.
DiliTrust says that the round saw participation from a prestigious consortium of investors, including Cathay Capital, Eurazeo and Sagard.
Capital utilisation
This raised capital will help the company to accelerate its growth, both organically and through acquisitions, as well as support its ongoing innovation and international expansion. The funds will also help carry out a recruitment initiative over the next twelve months.
Yves Garagnon, CEO of DiliTrust, says, “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. 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. With the suite on the market, we give them the opportunity to create value for their organisation.”
“The leader in secure governance solutions”
DiliTrust offers a governance suite to meet the challenges of digital transformation for legal departments. The company claims its SaaS platform meets the ‘highest’ international security standards. It includes different complementary modules for digitisation of proceedings and management of legal entities, contracts, litigation, and disputes.
This suite is accessible via a secure portal and is available by subscription. The company has more than 2,000 customers in approximately 50 countries, including in Europe, North America, Africa, and the Middle East. Some of its clients include Almarai, AccorHotels, Ecobank, Royal Bank of Canada, BNP Paribas, UNICEF, and Commercial Bank of Dubai, among others.
Currently, DiliTrust employs more than 170 people worldwide, enabling a turnover of nearly €20M in 2021, half of which was generated internationally. The company has recorded annual growth of more than 30 per cent in recent years.
The company has been able to anticipate major market changes by enhancing its product portfolio and quality of service. Its ambition is to make the DiliTrust Governance suite a global reference.
In a market that is growing 15 per cent/year, DiliTrust claims to overperform by growing twice as fast, strengthening its position as a leader. The company has offices in Paris, Dubai, Montréal, Toronto, Milan, Madrid, Lima, Mexico, Bogota, and Buenos Aires.
