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August 07 2012

10:00
Google Ventures Joins DocuSign’s New Funding, Round Grows To $55.7M
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Looks like electronic signature company DocuSign wasn't quite finished with its fundraising when its Series D was revealed last month — today it's announcing a new investor. The funding was first disclosed through a filing with the Securities and Exchange Commission, with the company then confirming that it had raised $47.5 million in a round led by Kleiner Perkins Caufield & Byers, with Kleiner partner Mary Meeker joining the board. Accel Partners, Comcast Ventures, SAP Ventures, and “a large global institutional investor” also participated.

August 01 2012

12:00
HelloFax Creates HelloSign – A Free Digital Signature Service
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The founders at HelloFax needed a simpler way to help customers get their documents signed. And so they developed a digital signature tool. In short time, they realized they had stumbled into a new space. The young YCombinator startup found that digital signing of documents was not just a feature but a market. Today HelloFax is breaking into the digital signature category with a free service called HelloSign.

July 19 2011

10:30

With A Half Billion Pages Signed, DocuSign Launches Free Edition

Docusign, the cloud-based electronic signature platform, today announced that is has processed more than a half billion pages of “contracts, agreements and other legally binding documents”, all as part of its effort to enable businesses to go paperless in the document sharing and signing process. According to the company, this effort has saved more than 60,000 trees, and what would equate to $10 million in shipping costs. To commemorate the milestone, DocuSign has made a donation to the Arbor Day Foundation to preserve one million square feet of rain forest.

DocuSign also announced today the release of the latest edition of its eSignature solution, including the first appearance of a free version. This update to platform will bring DocuSign users the ability to “tag documents, auto-save, and make use of HTML5 enhancements”, the team said, like the ability to drag and drop files into DocuSign’s envelope to send, as well as pull documents from Box.net, Dropbox, Google Docs and Salesforce.

DocuSign’s new solution will also include interactive dashboards and reporting to let users know where documents stand in the review and signing process, and browser-aware localization, which will put documents in the user’s native language based on the user’s browser.

Most notably, DocuSign now includes integration with social networks, allowing users to sign in with Facebook, LinkedIn, Paypal, and Salesforce.

Lastly, DocuSign will be offering its users a free edition of its platform, in which they can sign up for a free account and receive 5-free “sends” (documents sent and signed) per month, with no credit card required.

Because the electronic signatures company now has over 8 million DocuSigners, when Adobe entered the eSignature space last year, DocuSign welcomed the addition “as market validation”. But, yesterday, Adobe announced the acquisition of EchoSign, an eSignature solution with over 3 million users, which it plans to integrate into its document software. This could symbolize some serious future competition for DocuSign, and it’s interesting to see DocuSign’s announcements today follow so closely on the heels of Adobe’s announcement.

However, Tim Gonser, DocuSign’s CEO, told TechFlash that the company still leads as a solution for enterprise customers, with “80 percent SaaS market share”. It also benefits from significant adoption resulting from a partnership and investment from the National Association of Realtors, according to TechFlash.

It also helps that DocuSign raised $27 million from Scale Venture Partners, Salesforce.com, Sigma Partners, Ignition Partners and Frazier Technology in December of last year, bringing total capital raised to just over $56 million.

Check out the additions here.



December 08 2010

14:28

E-Signature Company DocuSign Lands $27 Million, Expands Management Team

DocuSign, which offers an electronic signature cloud platform, has secured $27 million in third-round funding. The round was led by Scale Venture Partners and joined by Salesforce.com, Sigma Partners, Ignition Partners and Frazier Technology.

In conjunction with the financing announcement, the company said that it has hired Dustin Grosse, formerly sales and marketing GM for Microsoft’s Field Readiness team and the Microsoft Office Unified Communications Group, as its new SVP, chief marketing and business development officer.

The company has also recruited Roger Erickson, formerly SVP of technology solutions and services at Autonomy ZANTAZ – he will join DocuSign as VP of customer success.

DocuSign says it will use the fresh capital to introduce new cloud-based electronic signature technology and services scheduled in 2011 and beyond.

The new investment round brings the total of capital raised by the company to $56.4 million.



Tags: TC DocuSign

November 02 2010

09:55

DocuSign Expands E-Signatures With New Marketplace

DocuSign, an e-signature service, is launching a marketplace that will include applications that compliment the use of the platform.

DocuSign, which was founded in 2003, allows companies to get legally binding signatures quickly over the internet instead of over the fax or mail. DocuSign certifies digital signatures over the web, acting as a intermediary who holds the documents and verifies the identity of the signature. Currently, DocuSign has 40,000 paying customers, and more than eight million unique users.

The functionality of applications from various partners in the marketplace range from CRM, mobile integration, document storage and real estate. Applications in the DocuSign Marketplace ranked by customer feedback and input. The marketplace includes paid and free applications from Ariba, Box.net, Drawloop Technologies and other technology partners.

Competitors to DocuSign, which has raised $30 million in funding to date, include EchoSign, and VeriSign.



Tags: TC DocuSign
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