US-based, corporate-backed transaction management software provider eOriginal raised $26.5m on Wednesday in a round led by private equity firm LLR Partners.
Founded in 1996, eOriginal has built a platform that allows users to securely manage digital transactions and financial asset documentation.
The company will use the funding to increase the size of its workforce and further develop its product to include additional end markets like digital mortgages.
Semiconductor technology producer Intel, GE Capital, a subsidiary of power and automation technology provider General Electric, and Hat Creek Partners took part in a $6.5m round in 1999 that increased eOriginal’s total funding to $22.5m, the latter two as existing investors.
The company raised a further $3.1m in equity funding and $800,000 in debt financing between 2009 and 2015, according to regulatory filings.