Softbank Capital, the strategic investment affiliate of Japan-based telecommunications, internet and media conglomerate Softbank Group has led a $3m series A round into US-based Shake, a mobile app that allows you to sign, create and send legal contracts across the phone. Mesa +, the corporate venturing unit of the eponymous strategic advisory firm also partcipated. There was also involvement from ENIAC Ventures, a seed stage venture firm investing exclusively in mobile technologies, BoxGroup, an angel fund managed by David Tisch and Adam Rothenberg, WGI Group, angel investors and existing investor early-stage venture capital firm RRE Ventures.
Jordy Levy, Softbank’s managing partner will now join Shake’s Board of Directors.
Shake received $1m in Seed funding from RRE Ventures and angels in 2012.
Since being launched on the iphone 2 months ago, the app has been downloaded over 80,000 times.