DocuSign Raises $47.5M in Funding

DocuSign, a San Francisco-based provider of electronic signature solutions, has raised $47.5m in funding.

The round wa sled by Kleiner Perkins Caufield & Byers, with participation from Accel Partners, Comcast Ventures, SAP Ventures, and the National Association of REALTORS®.

The company plans to use the capital for customer-focused R&D, deeper vertical industry solutions, and international expansion.

In conjunction with the funding, Kleiner’s Mary Meeker, has joined DocuSign’s board of directors.

Led by Keith Krach, chairman and CEO, DocuSign provides a cloud-based platform that helps global enterprises, business departments, individual professionals and consumers collect information and sign documents online.

DocuSign is used across industries such as financial services, insurance, technology, healthcare, manufacturing, communications, real estate, consumer goods and higher education – and every business department – including sales, procurement, HR/staffing, legal, and customer support.

Customers include American Airlines, AON, Ariba, Auto Insurance Specialists (AIS), Bayer, BECU, BNY Mellon, Boston Scientific, BMW Financial Services, Box, California Closets, CB Richard Ellis, CenturyLink, Cisco, Comcast, Costco, Cox, DuPont, eBay, Expedia, Extra Space Storage, Haagen-Dazs Shoppe Company, HP, IKON Financial Services, Legal & General America (Banner Life and William Penn Life Insurance), LinkedIn, Madison Capital, Medtronic, Pinney Insurance, Siemens, Sony, TD Ameritrade Institutional, Toyota, Transamerica, United Automobile Insurance Services, Wellmark, Xerox, Yahoo!, and Yamaha.



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