Dell, Intel throw in $45 million toward DocuSign Series F
The additional funds bring DocuSign's Series F round to $278 million. In all, the company has secured more than $508 million over its 12-year history.
DocuSign, a San Francisco-based company known for its electronic signature technology, is enjoying a second dose of capital from new investors Dell and Intel. The investment arms of both tech giants have thrown in an additional $45 million to DocuSign's Series F, announced just a few weeks ago.
The additional funds bring DocuSign's Series F round to $278 million. In all, the company has secured more than $508 million over its 12-year history, at a $3 billion valuation.
It's unclear how Dell and Intel intend to leverage their DocuSign investments, as neither company provided specific details. But Dell CEO and founder Michael Dell said he believes the company has "massive potential" to transform digital management.
DocuSign has proved to be an indispensible resource for the real estate industry, allowing remote document signing for the gobs of the paperwork required throughout the property buying process. The National Association of Realtors was an early investor in the company, and helped propel the service into prominence.
Read the full article by clicking the Original Source link below.