DocuSign, a San Francisco, CA-based provider of a solution to digitally manage document-based transactions, raised an additional $85m in funding.
Large institutional public funds provided the vast majority of the funds with the balance coming from existing investors (Comcast Ventures, Google Ventures, salesforce.com, SAP Ventures, and the National Association of REALTORS®, Sigma West, Kleiner Perkins Caufield & Byers, Accel Partners, Scale Venture Partners, Ignition Partners, and Frazier Technology Ventures).
The company intends to use the funds to further innovate the DocuSign DTM platform, invest in strategic partnerships, and continue its international expansion.
Led by Keith Krach, chairman and CEO, and Gordon Payne, chief operating officer, and Mike Dinsdale, chief financial officer, DocuSign provides global enterprises, business departments, individual professionals (and consumers) with a digital transaction management platform to accelerate transaction times. It supports legally compliant electronic and digital signature processes globally with localization in 43 languages.
The company has more than 95,000 customers across financial services, insurance, technology, healthcare, manufacturing, communications, real estate, retail, and consumer goods.