May 13, 2015
$233 million funding round for DocuSign
On Tuesday, 12.05, DocuSign announced that its global expansion will be fueled with $233 million from the latest financing round of the company. This round was led by Bain Capital Ventures and Brookside Capital and among the institutional investors were Generational Investment Management and Wellington Management.
This financial injection raises the value of the the company to $3 billion. The total investments in the company since its first round in 2003, now equals to $440 million, including the last round that was made before more than year – $85 million in E series â€“ when the DocuSign’s valuation was slightly over the half of what it is today – $1.6 billion.
The tech firm from San Francisco creates software that adds digital signatures, secure electronics and legally compliant to documents. Their aim is to replace the traditional faxing, printing, scanning and signing of documents. According to DocuSign these processes make the business slower, creat avoidable costs and delay the results.
The client network of the company covers more than 100,000 companies that work with 43 languages in 188 countries. And this is not enough, with the finance they received from this round they will strengthen their international presence and will allow them to create global network that makes cross-border business transactions even easier.
This big-sized funding round affirms the trend of bigger and bigger investments that started last Tuesday: MarkLogic – Series F $102 million; NerdWallet â€“ A round $64 million; Affirm – $275 million in equity and debt; Zenefits – $500 million round; Pinterest – $186 million (with this they announced that they are closing up a round of $553 million and this will let the employees to sell parts of their stocks). And last but not least is Uber that reported that it is in a process of gaining up to $2 billion.
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