The corporate venturing units of Germany-based software company SAP and US-based media company Comcast have helped electronic signature business Docusign raise $47.5m.
SAP Ventures and Comcast Ventures were joined in the round by venture firms Kleiner Perkins Caufield & Byers, which led the fundraising, as well as venture firms Accel Partners and a large unnamed institutional investor.
Other backers of the company included US-based cloud enterprise business salesforce.com and the National Association of Realtors, a US-based trade body.
The company has also appointer Kleiner partner Mary Meeker to its board.
DocuSign has 1.4 million paying users including companies like American Airlines, Boston Scientific, Comcast, Siemens and Sony, among others.
DocuSign’s other investors include venture firms Sigma+Partners, Scale Venture Partners, Frazier Technology Ventures, Ignition Partners, Second Century Ventures and WestRiver Capital.
in 2010 Docusign raised $27m in its latest round. Venture capital firm Scale Venture Partners led the round, and was joined by peers Sigma Partners, Ignition Partners, Frazier Technology Ventures, as well as SalesForce.com.
DocuSign raised $10m in its series B round in April 2006 and $12.4m in its series C round in September 2007. In November 2009, DocuSign added Second Century Ventures, the corporate venturing unit of property trade body National Association of Realtors, as a strategic investor. As part of the November 2009 investment, Dale Stinton, president of Second Century Ventures and chief executive of the National Association, joined DocuSign’s board.