US-headquartered electronic signature technology provider DocuSign unveiled a corporate venture capital vehicle called DocuSign Ventures yesterday to make strategic investments.
DocuSign Ventures will target developers of contract-focused process automation and workflow software, smart contract, digital payment, legal, identity verification and management technology as well as disruptive mortgage and lending products.
The unit’s launch follows investments by DocuSign in six companies including a hitherto undisclosed commitment to data privacy technology provider DataGrail. It also revealed it has backed VC fund The LegalTech Fund.
The corporate has acquired two other portfolio companies having bought contact management platform developer Seal Software for $188m in early 2020 and smart contract software provider Clause earlier this year.
Eric Darwin, DocuSign’s head of corporate development, said: “More and more businesses are recognising the power and urgency of digitising their agreement processes in order to meet the new ‘anywhere expectations’ of their customers, partners and employees.
“DocuSign Ventures is excited to partner with the disruptors who are propelling smarter, simpler and frankly better ways of executing and fulfilling agreements.”
