US-based e-signature platform developer DocuSign raised $115m on Monday from NTT Finance, the holding company for telecommunications company NTT, staffing firm Recruit and diversified conglomerate Mitsui.
In addition to providing the series E funds, the three Japan-based corporates will also begin using DocuSign’s e-signature technology, which allows users to sign legally-binding documents in the cloud in their businesses.
Mitsui will also offer DocuSign to their customers and affiliate businesses.
Existing investors including venture capital firms Kleiner Perkins Caufield & Byers and Accel Partners also participated in the round. The cash will go to expanding DocuSign’s international business, particularly in Asia.
DocuSign raised an $85m series D round in March at a $1.6bn valuation, three months after chief financial officer Mike Dinsdale told the Wall Street Journal that an initial public offering would be the likely path for the company.
The company’s latest round takes its total equity funding to more than $310m. Existing investors include the corporate venturing units of internet company Google, software producer SAP, cable and internet services provider Comcast, cloud computing company Salesforce.com, Sigma Partners, Ignition Partners, Frazier Technology Ventures and Scale Venture Partners.