DocuSign, a Seattle, Washington-based provider of on-demand electronic signature solutions, announced that Second Century Ventures (SCV), the venture capital fund fully capitalized by the National Association of Realtors (NAR), has made a strategic investment in the company.
The funds will be used to accelerate and extend DocuSign’s position as a core technology solution for residential and commercial real estate professionals.
In conjunction with the investment, the president of Second Century Ventures, and chief executive officer of NAR, Dale A. Stinton, will join DocuSign’s Board of Directors.
Commenting on the deal, Mr Stinton, president of SCV and chief executive officer of NAR, said: “Our capital investment and guidance will serve as a catalyst for this company to become the standard and meet the market demand for legally binding electronic signatures that help REALTORS close more deals at a faster rate, and offer the convenience and flexibility buyers require”.
FinSMEs
16/10/2009