China-based digital signature software provider eSign, which counts financial services provider Ant Group as an investor, has raised more than RMB1bn ($151m) in series D funding, DealStreetAsia reported today.
Evergrande High-Tech Group, an affiliate of real estate developer China Evergrande Group, co-led the round with investment firm Shenzhen Capital Group and venture capital firm Fortune Capital, according to a statement cited by DealStreetAsia.
Grande Flight Investment, Far East Horizon, Fanchuang Capital, Gobi Partners China and THE Capital also participated in the round.
Also known as Tsign, eSign has developed an electronic signature platform that had been used by a total of more than 270 million customers as of June this year.
The company’s user numbers have markedly grown during the 2020 coronavirus pandemic and it launched a blockchain-powered smart contract product in partnership with Ant in May this year.
The series D proceeds will go to research and development as eSign looks to build an ecosystem around its products. Ant Group co-led its $100m series C round with Gobi Capital and Eminence Ventures in October 2019.
Shenzhen Qianhai Wutong M&A Fund Management had led a $23.1m series B-plus round for the company in early 2018 that also featured the Tsinghua Holdings-backed THG Ventures.
The 2018 round came after $7.8m from investors including Oriental Fortune Capital and Zheyin Jiyou Investment Management across two rounds in 2015 and 2016.
