Google Ventures Joins DocuSign's Series D Funding Round

By Rory Lidstone August 07, 2012

DocuSign, a cloud-based eSigntaure platform provider, announced today that its total Series D funding has hit $55.7 million, thanks to recent backing by Google Ventures. Other investors part of this financing round include lead investor Kleiner Perkins Caufield & Byers, along with Accel Partners, Comcast Ventures, SAP Ventures and an unnamed "large global institutional investor."

DocuSign reportedly plans to use the funds to accelerate the growth of its DocuSign Global Network by way of increased customer-focused R&D, deeper vertical industry solutions and faster international expansion.

"The investment by Google Ventures highlights DocuSign's value as a tech disruptor across the Web and mobile platforms, from consumers to global enterprises," Keith Krach, DocuSign chairman and CEO, said in a recent statement. "DocuSign has become the global standard for eSignature by building a viral network of more than 20 million users that attracts 60,000 new users every day."

DocuSign's platform is used by consumers and businesses of all sizes every day, eliminating the inherent issues — cost and lack of security, for example — of physical information capturing. DocuSign can help companies save money as well as streamline business processes.

"Electronic signatures are being rapidly adopted by enterprises, small businesses and consumers worldwide due to their convenience, security and ease of use," said Karim Faris, partner, Google Ventures. "DocuSign's market momentum, deep technology and strong team attracted us to them and we are excited to be working with the company as they scale their business worldwide extending their reach to hundreds millions of consumers."

DocuSign recently announced an extended commitment with zipLogix to help real estate professionals close transactions faster by way of DocuSign's eSignature solution. More specifically, zipLogix's zipForm software now includes a "Send with DocuSign" option, which allows real estate agents to send documents for signature quickly and securely.

Also as part of the agreement, ZipLogix has named DocuSign as its preferred eSignature solution.




Edited by Braden Becker

TechZone360 Contributing Writer

SHARE THIS ARTICLE
Related Articles

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More

TMC Launches The New Intelligence - an Unparalleled AI and Machine Learning Conference & Expo in Florida

By: TMCnet News    6/28/2018

TMC announced the launch of The New Intelligence conference and expo - The Event Powering the AI Revolution. This exciting new event will take place o…

Read More