DocuSign, a US-based provider of an electronic signatures backed online sales software company Salesforce.com, has raised $27m in its latest round.
Venture capital firm Scale Venture Partners led the round, and was joined by peers Sigma Partners, Ignition Partners, Frazier Technology Ventures, as well as SalesForce.com.
DocuSign raised $10m in its series B round in April 2006 and $12.4m in what it called its series C round in September 2007. In November last year, DocuSign added Second Century Ventures, the corporate venturing unit of property trade body National Association of Realtors, as a strategic investor.
As part of the November 2009 investment, Dale Stinton, president of Second Century Ventures and chief executive of the National Association, joined DocuSign’s board.
Separately, New York-listed Salesforce.com agreed to buy online software company Heroku, for a net $212m in cash.