The true value of a signature is in the eye of the beholder or the cheque holder in the paper trail days , but the value of electronic signature platform provider, DocuSign is expected to see its value rise significantly following its latest funding round worth $85m.
The deal was led by a group of undisclosed institutional funds, however, private equity firms and corporate venturing units also invested in this round. Those investors included Google Ventures, SAP Ventures, Comcast Ventures, S igma West, Kleiner Perkins Caufield & Byers, Accel Partners, Scale Venture Partners, Ignition Partners, Frazier Technology Ventures, Salesforce, and Sands Capital Ventures.
To date, the company has raised $201m since 2006. DocuSign provides the world’s largest and fastest growing electronic signature platform. It is also the only cloud computing-based electronic signature platform that entirely replaces paper transactions with a fast, efficient and completely digital solution.
This latest round is the company’s largest fund raising to date. It previously raised $27m in 2010 and $55.7m in 2012.