Signaturit, a Barcelona, Spain-based cloud-based electronic signature and trust solutions provider, closed a €7m Series A financing round.
360 Capital joined Bonsai Partners, Banco Sabadell, Faraday Venture Partners, Nero Ventures, and Bbooster Ventures in the round , which brought total funds raised since inception to over €10m.
The company plans to use the funds to further its innovative technology, to strengthen its market leadership in Spain, and to extend its presence across other key European markets.
Led by Juan Zamora, CEO and co-founder, Signaturit provides a suite of cloud-based tools –electronic signatures, electronic registered delivery, electronic identification and qualified electronic time stamp– for complying with the highest legal and security standards.
In five years, the company has established a portfolio of over 10,000 users across 40 countries.
Clients include major multinationals and market leaders such as Volkswagen, EY, Gartner, Admiral Insurance, AXA, Acciona, Banco Sabadell, DAS Insurance, Cuatrecasas, Decathlon, Volotea and Damm, as well as hundreds of small and medium-sized enterprises.
This funding A will allow Signaturit to continue innovating, particularly to deliver an end-to-end contract automation platform, a solution capable of managing the entire life cycle of a contract –creation, dispatch, signature, execution and compliance – in a secure and legally binding way.
To that end, the company’s R&D team already incorporated technologies in 2018 such as machine learning, for the construction of contracts, and smart contracts, developed in blockchain for automating compliance and other downstream administrative contracting activities.