DocuSign raised $278m, its largest single funding round to date
Digital signing firm DocuSign announced it has secured $278m in a series F funding round from a range of investors including Intel and Dell.
The latest funding round brings the total amount raised by the firm to just over $500m. Others that have previously invested in the company include Google Ventures, VISA, Salesforce, Samsung and Telstra.
DocuSign is not the first digital signing (or ‘e-signing’) company to target enterprises (it competes with EchoSign, acquired by Adobe in 2011), but it has enjoyed reasonable success in the space and last year announced integration deals with both incumbents and younger cloud companies like Microsoft and Box, respectively.
In the past year it has grown its customer base (paying companies) by over 5,000 and 10 million unique users; it claims to have over 100,000 customers and 50 million unique users.
“Intel and DocuSign share a hyper-focus on creating trusted platforms to power our customers’ success,” said Rick Echevarria, vice president, Intel Security Group and general manager of Intel Security Platforms Group. “We’ve seen the value of the DocuSign platform, and we look forward to integrating our offerings to help our customers worldwide securely transact anything, anytime, anywhere, on Intel-powered devices.”
Keith Krach, chairman & chief executive officer of DocuSign said: “We’re pleased to have the biggest technology brands invest in DocuSign as part of The DocuSign Global Trust Network. These strategic engagements will help bring the power and value of DocuSign’s DTM platform to more countries, companies and customers around the world.”
The funding round comes just over a year after it bagged $85m from investors. At the time the company also announced it would pivot into security solutions, offering a security appliance that claims to implement “bank grade” security measures for digital transactions. Developed in conjunction with Bank of America, it gives highly regulated customers encryption key management capabilities and makes digital transactions behind enterprise firewalls auditable.