Sirion Acquisition, Valuation, Funding & Investors

Sirion was acquired by Haveli Investments in January 2026.

Sirion acquisition price

Undisclosed

Acquired by Haveli Investments · Jan 2026

Sirion revenue

$26M

Series D · Jan 2023

Cumulative funding Sirion raised

$171M

across 5 funding rounds

Key investors in Sirion

  • Peak XV Partners
  • Tiger Global
  • Avatar Growth Capital
  • Partners Group
  • Qualgro VC
  • Brookfield Growth

Sirion Overview

About Sirion

Sirion is a Boston-headquartered SaaS platform for enterprise contract lifecycle management. Leveraging AI for contract authoring, obligation tracking, and real-time SLA monitoring, the platform operates on a permissioned ledger for buyer-supplier collaboration. Deployed by Fortune 500 companies in legal, procurement, and finance teams, Sirion processes millions of contracts annually. Founded in 2017, it integrates with ERP systems like SAP and Oracle.


Founded

2012

HQ

United StatesSalt Lake City, UT

Website

sirion.ai

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$26M (Jan 2023)

Valuation

$650M (Jan 2023)

Sirion Acquisition

Sirion was acquired by Haveli Investments for an undisclosed price on 8 January 2026.

Before the acquisition Sirion had raised $171M across 5 funding rounds.

Sirion acquisition details
AcquirerDateType
  • Haveli Investments
8 Jan 2026PE buyout

Sirion Valuation

Sirion is currently valued at $650M, based on its Series D in January 2023.

The $25M round was led by Brookfield Growth.

Sirion's valuation has grown 3.0x from $220M at its Series C in April 2020 to $650M in January 2023, across 2 priced rounds.

Sirion valuation by funding round

Revenue multiple
Sirion valuation by funding round
DateStageValuationRevenue Multiple
Jan 2023Series D$650M25.0x
Apr 2020Series C$220M-

Sirion Revenue

Sirion's latest recorded revenue is $26M, as of its Series D in January 2023. At a $650M valuation, that implies a 25.0x revenue multiple.

Sirion revenue by funding round

Sirion revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2023$26M$650M25.0xSeries D

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Sirion Funding History

Sirion has raised a total of $171M across 5 funding rounds.

Sirion's first fundraising round was a $5M Series A in April 2014. The most recent completed round was a $25M Series D in January 2023.

Sirion funding rounds

Sirion funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2023Series DBrookfield Growth (lead)$25M$650MSirionLabs is a Seattle-based AI-powered contract lifecycle management (CLM) platform that helps enterprises author stronger contracts, manage risks, and realize savings through post-signature performance monitoring of obligations, service levels, and pricing. Founded in 2012 by Ajay Agrawal and others, it integrates with platforms like SAP S/4HANA, Salesforce, and Microsoft 365, targeting legal, procurement, sales, and business teams. The company raised $25 million from Brookfield Growth in January 2023 as part of its extended Series D round, bringing the total Series D to $110 million after an initial $85 million led by Partners Group with Sequoia India and Tiger Global in May 2022. Cumulative funding reached $182 million. VCCircle pegged the valuation at $650 million for this Brookfield-led bridge extension, with plans for a larger Series E in 2023. Brookfield Growth, the tech investment arm of Brookfield Asset Management, cited Sirion's impact on bottom-line savings, faster deals, and compliance as a customer and investor. The funds support AI advancements, global R&D expansion in AI, data science, and design, and consolidation in the growing enterprise CLM market.
May 2022Series DPartners Group (lead); Avatar Growth Capital; Tiger Global; Peak XV Partners$85M-Sirion is an AI-native contract lifecycle management (CLM) platform that helps enterprises store, create, manage contracts, mitigate risk, ensure compliance, and gain insights across millions of contracts in over 100 languages. The company raised an $85 million Series D funding round in May 2022 led by Partners Group, with participation from Avatar Growth Capital, Peak XV Partners (formerly Sequoia India), and Tiger Global. This followed prior rounds including a $44 million Series C in April 2020 led by Tiger Global. The Series D aimed to consolidate market position and expand global R&D hubs. By 2022, Sirion had established a strong enterprise customer base and was scaling operations internationally. The company continued growth post-Series D with a $25 million Series D-II in January 2023 from Brookfield Asset Management. In January 2026, Sirion announced a majority investment from Haveli Investments, described as a strategic recapitalization rather than a traditional fundraise, clearing out earlier investors including Peak XV and Tiger Global while retaining founder control. At that time, Sirion reported sustained growth averaging over 40% annually for five years, recent profitability, and operations in ten global offices serving hundreds of enterprises in 70+ countries.
Apr 2020Series CTiger Global (lead); Avatar Growth Capital$44M$220MSirionLabs is a SaaS company providing AI-powered contract lifecycle management (CLM) software for enterprises, headquartered in Seattle with operations in India, founded in 2012. It helps manage contracts, reconcile performance and invoices using proprietary AI, and competes with firms like Apttus and Icertis. The Series C round in April 2020 raised $44 million led by Tiger Global and Avatar Growth Capital, bringing total funding to $66 million. TechCrunch reported the round valued the startup at about $250 million. Funds were allocated to enhance technological infrastructure, scale AI capabilities, integrate with enterprise platforms, and expand globally, including a new technology center in Seattle and key executive hires like chief revenue officer and CTO. The investment reflects strong investor interest in Indian-origin SaaS startups, with Tiger Global and Avatar Growth Capital betting on SirionLabs' potential for network effects and growth in the CLM market. Earlier reports suggested a valuation range of $30-50 million before the deal finalized higher. SirionLabs serves major clients and positioned its platform to replace adversarial analog contracting with collaborative, AI-driven processes using a permissioned ledger architecture. Post-Series C, SirionLabs launched SirionAE for SMEs and continued growth, raising a Series D of $85 million in 2022 led by Partners Group, reaching $157 million total, with plans for an IPO within three years. The company emphasized advantages in post-award performance alignment and legacy document automation.
Jul 2016Series BPeak XV Partners (lead); Qualgro VC; Canopy Ventures$12M-Sirion raised $12.25 million in its Series B funding round in July 2016, led by Peak XV Partners with participation from Canopy Ventures and Qualgro VC. The funding aimed to expand product offerings and scale operations to meet growing demand for its AI-driven contract management platform. Sirion, founded in 2012, develops a platform built on proprietary AI to help organizations create, manage, and act on contracts. The company has since raised additional rounds, including a Series D in 2023 totaling $110 million from investors like Brookfield Growth, Partners Group, Peak XV, and Tiger Global. In early 2026, Haveli Investments agreed to acquire a majority stake valuing Sirion around $1 billion.
Apr 2014Series APeak XV Partners (lead)$5M-Sirion raised $4.7 million in its Series A round in April 2014 led by Peak XV Partners to develop the initial version of its AI-driven contract management platform and establish a market presence. The company, founded in 2012, provides a platform built on proprietary AI for organizations to create, manage, and act on contracts. Peak XV Partners, focusing on early to growth-stage technology companies, led both Sirion's Series A and subsequent Series B rounds. Sirion continued fundraising with a Series B of $12.25 million in July 2016, multiple Series D rounds totaling over $110 million by 2023 including from Partners Group, Brookfield Growth, Tiger Global, and others, reaching total funding of approximately $171 million.

Who has invested in Sirion?

7 investors have backed Sirion across its funding rounds, including Peak XV Partners, Tiger Global, Avatar Growth Capital, Partners Group, Qualgro VC and Brookfield Growth.

Lead investors include Brookfield Growth, Partners Group, Tiger Global and Peak XV Partners.


Sirion Investors

Investors in Sirion by funding rounds participated
InvestorHQRoundsRoleFirst check
Peak XV PartnersIndiaBangalore3LeadApr 2014
Avatar Growth CapitalIndiaMumbai2ParticipantApr 2020
Tiger GlobalUnited StatesNew York City, NY2LeadApr 2020
Qualgro VCSingaporeSingapore1ParticipantJul 2016
Canopy VenturesUnited StatesBoulder, CO1ParticipantJul 2016

This data is available for Pro users. Sign up to see all 7 Sirion investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Sirion

Sirion has acquired 2 companies to date.

Last acquisition by Sirion was on June 6th 2024. Sirion acquired Eigen Technologies for undisclosed valuation.


Latest Acquisitions by Sirion

Eigen Technologies
ZENDOC
Description
Eigen Technologies is a London-headquartered intelligent document processing platform launched in 2015 that extracts data from contracts, statements, and reports for financial institutions. Its machine learning technology processes unstructured documents for clients including Goldman Sachs, BlackRock, ING, and Allen & Overy, with one-third of global systemically important banks adopting it. The platform handles legal review, KYC, trade surveillance, and regulatory reporting while ensuring data security through on-premises deployments.
ZENDOC is a Seattle-headquartered provider of contract lifecycle management software launched in 2018. The platform automates document detection, secure storage, workflow orchestration, and regulatory compliance checks for legal teams. Zendoc serves mid-sized enterprises in finance and healthcare sectors, integrating with Microsoft Azure and DocuSign. Operating from Washington state, the company processes over 1 million contracts annually through its cloud-based repository featuring AI-powered clause extraction.
HQ CountryUnited StatesUnited States
HQ City
New York City, NY
Seattle, WA
Deal Date6 Jun 20248 Nov 2022
Valuationundisclosed$3M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Sirion acquisitions and their M&A valuation multiples.

Start Free Trial

Sirion Competitors

Sirion competitors include listed companies like CS Disco and Hibino, and private ones like Zhiyihuiyun, InfoCert, Fieldguide and Brightwheel.

Public and private companies comparable to Sirion
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ZhiyihuiyunChinaWuhuPrivate--$655M-
InfoCertItalyRomePrivate--$695M-
FieldguideUnited StatesSan Francisco, CAPrivate--$700M-
BrightwheelUnited StatesSan Francisco, CAPrivate--$600M-
CS DiscoUnited StatesUnited StatesPublicly listed$157M($44M)$273M1.0x
HibinoJapanJapanPublicly listed$435M$60M$176M0.6x

Sirion Public Comps

Sirion is no longer listed, but its public comps include RWS Holdings, CS Disco, Hibino, Xp Industrial FII, GetBusy, Valtes Holdings, Dye & Durham, Intellinetics, Intapp and Topicus.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
RWS Holdings$927M($26M)0.7x0.7x(27.2x)4.8x
CS Disco$157M($44M)1.1x1.0x(4.0x)(22.1x)
Hibino$435M$60M0.6x0.6x4.3x-
Xp Industrial FII$9M-10.0x---
GetBusy$30M$2M2.1x2.0x35.2x32.5x
Valtes Holdings$77M$6M0.6x0.6x7.4x-
Dye & Durham$316M$116M3.0x3.3x8.2x7.1x
Intellinetics$17M($470K)1.4x1.4x(50.9x)-

This data is available for Pro users. Sign up to see all Sirion competitors and their valuation data.

Start Free Trial

Common questions about Sirion

When was Sirion founded?Sirion was founded in 2012.
Where is Sirion headquartered?Sirion is headquartered in Salt Lake City, UT, United States.
Is Sirion publicly listed?No, Sirion was acquired by Haveli Investments in January 2026.
Who acquired Sirion?Sirion was acquired by Haveli Investments in January 2026.
What is Sirion's valuation?Sirion was last valued at $650M in its Series D in January 2023.
How much funding has Sirion raised?Sirion has raised $171M across 5 funding rounds.
What was Sirion's last funding round?Sirion's last funding round was a $25M Series D in January 2023, led by Brookfield Growth.
Who are Sirion's investors?Sirion's investors include Peak XV Partners, Avatar Growth Capital, Tiger Global, Qualgro VC, Canopy Ventures, Partners Group and Brookfield Growth.
What is Sirion's revenue?Sirion's latest recorded revenue is $26M (January 2023).
What is Sirion's revenue multiple?Sirion's latest valuation implies a 25.0x revenue multiple ($650M valuation on $26M of revenue).
Which companies are comparable to Sirion?Companies comparable to Sirion include Zhiyihuiyun, InfoCert, Fieldguide, Brightwheel, CS Disco and Hibino.
How many companies has Sirion acquired?Sirion has acquired 2 companies, including Eigen Technologies and ZENDOC.
What was the largest acquisition by Sirion?The $3M acquisition of ZENDOC in November 2022 is the largest acquisition Sirion has made to date.

See companies similar to Sirion

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial