View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

DocuSign raises funding for UK push

Electronic signature firm looking to double UK presence and open data centre here

By Steve Evans

Electronic signature firm DocuSign has raised $47.5m in funding to help its push into the UK market. The company will also be adding venture capitalist veteran Mary Meeker to its board.

The funding was led by VC firms Kleiner Perkins Caufield & Byers. Accel Partners also contributed to the financing round. Some of the funding will go towards increased investment in the UK.

The company is looking to double its sales staff here as well as open a UK data centre to ensure it complies with EU data protection laws.

DocuSign was founded in 2004 and its technology allows users to add digital signatures to documents, instead of going through the process of printing out a document, signing it, scanning it in and sending it back, the company said. The company said this makes the process more secure, which is particularly useful when it comes to signing legally-binding documents.

The company claims to have 20 millions users who have digitally signed 150 million documents. Its customers include Cisco, eBay, American Airlines, LinkedIn, HP and Yahoo.

"We’re investing in DocuSign because electronic signatures have gone from a ‘nice to have’ to a ‘must have’, and DocuSign is the clear global leader in this industry," said Philippe Botteri of Accel Partners.

"We expect DocuSign’s growth to be exponential given the viral nature of their platform and the rapid adoption of mobile devices and tablets which makes DocuSigning that much more convenient," he said.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

"This financing demonstrates the value the market places on innovative technologies that drive fundamental business transformation – particularly those with immediate ROI, viral adoption, and nearly unlimited application," added Keith Krach, chairman and CEO of DocuSign.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU