|[August 07, 2012]
Google Ventures Backs DocuSign in Series D Funding
SAN FRANCISCO --(Business Wire)--
the Global Standard for eSignature®, announced today that Google
Ventures has joined in the company's most recent financing round,
bringing the total Series D funding to $55.7 million. Google (News - Alert) Ventures
joins investment lead Kleiner
Perkins Caufield & Byers, along with Accel Partners, Comcast
Ventures, SAP (News - Alert) Ventures, and a large global institutional investor in
this round. The company will use the funds to accelerate growth of the
DocuSign Global Network via increased customer-focused R&D, deeper
vertical industry solutions, and faster international expansion.
DocuSign's secure, cloud-based platform helps consumers and businesses
of all sizes and industries to complete transactions faster by
eliminating the hassles, costs, and lack of security inherent in
printing, faxing, scanning, and overnighting documents to capture
information, payments and signatures. Companies use DocuSign to create
better customer experiences and save money by automating and
streamlining their business processes.
"The investment by Google Ventures highlights DocuSign's value as a tech
disruptor across the web and mobile platforms, from consumers to global
enterprises," said Keith Krach, DocuSign chairman and CEO. "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."
"Electronic signatures are being rapidly adopted by enterprises, small
businesses and consumers worldwide due to their convenience, security
andease 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."
Global enterprises, business departments, individual professionals and
consumers are standardizing on DocuSign, with 60,000 new users joining
the DocuSign Global Network every day. Today, that network includes 20
million users who have DocuSigned more than 150 million documents in 188
countries - including employees at 90 percent of the Fortune 500.
DocuSign is used to finish business faster across nearly every industry
- from financial services, insurance, technology, healthcare,
manufacturing, communications, real estate, consumer goods to higher
education and others - as well every business department, including
sales, finance, operations, procurement, HR/staffing, legal, and
DocuSign's growing customer base includes companies like American
Airlines, AON, Ariba, Auto Insurance Specialists (AIS), Bayer, BECU, BNY
Mellon, Boston Scientific, BMW Financial Services, Box, California
Closets, CB Richard Ellis, CenturyLink, Cisco, Comcast, Costco, Cox,
DuPont, eBay (News - Alert), Expedia, Extra Space Storage, Haagen-Dazs Shoppe Company,
HP, IKON Financial Services, Legal & General America (Banner Life and
William Penn Life Insurance), LinkedIn (News - Alert), Madison Capital, Medtronic,
Pinney Insurance, Siemens, Sony, TD Ameritrade Institutional, Toyota,
Transamerica, United Automobile Insurance Services, Wellmark, Xerox,
Yahoo!, and Yamaha.
DocuSign investors include Kleiner Perkins Caufield & Byers, Accel
Partners, Comcast (News - Alert) Ventures, SAP Ventures, Google Ventures,
Sigma+Partners, Scale Venture Partners, Frazier Technology Ventures,
Ignition Partners, Second Century Ventures, WestRiver Capital LLC,
salesforce.com, and the National Association of REALTORS®. To learn more
about DocuSign, visit www.docusign.com.
About DocuSign Inc.
is the leader in eSignature transaction management, and the global
standard for eSignature®. DocuSign helps customers accelerate
transaction times to increase speed to results, reduce costs, and
delight customers with the easiest, fastest, most secure global network
for sending, signing, tracking, and storing documents in the cloud. For
more information, visit www.docusign.com
or call 877.720.2040. Visit the DocuSign blog at www.docusign.com/blog
and follow DocuSign on Twitter,
DocuSign is a registered trademark of DocuSign Inc. in the U.S. and/or
other countries. All other trademarks are the property of their
respective owners. © 2012 DocuSign Inc.
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