DocuSign raises $233M at reported $3B valuation
Joining the parade of tech companies soaking up the plentiful capital, DocuSign, the electronic signature service, has raised $233 million in funding.
The funding came at a $3 billion valuation, according to sources with knowledge of the deal, nearly twice the $1.6 billion it was figured to be worth a year ago.
DocuSign, a 1,400-person enterprise based in San Francisco, uses a cloud-based service to help customers get documents ranging from contracts to employment offer letters electronically signed by multiple parties. The signature process is done in a way that's auditable, secure and integrated with company workflow patterns.
Customers can store and access the completed documents using any connected device.They can also share them with third parties through many types of business software systems with what DocuSign promises is bank-level encryption security and carrier grade reliability.
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