DocuSign on Tuesday announced the company has raised an additional $85 million with the vast majority from large institutional public funds and the balance from existing investors. DocuSign will use the funds to fuel continued growth as the global standard for Digital Transaction Management (DTM). The company will further innovate the DocuSign DTM platform, drive deeper vertical solutions, invest in the company’s strategic partnerships, and continue its international expansion.
Digital Transaction Management has emerged as a new category of cloud services to digitally manage document-based transactions. DTM removes friction inherent in processes that involve people, documents, and data to create faster, easier, more convenient and secure transactions. DocuSign’s DTM platform helps consumers and businesses complete transactions faster by eliminating the hassles, costs, and lack of security in printing, faxing, scanning, and overnighting documents to capture information, payments, and signatures. Companies DocuSign to create better customer experiences, ensure security and compliance, and achieve substantial ROI.