E-signature platform provider DocuSign is said to be close to securing approximately $100 million in funding in a deal that would value the company at around $1.5 billion, three anonymous sources told the Wall Street Journal.
The National Association of Realtors has had a stake in DocuSign since 2009, when NAR subsidiary Second Century Ventures purchased a 5.43 percent stake in the company for $2 million. Second Century Ventures acquired 2.26 million shares of stock in the deal, plus options to purchase an additional 1 million shares within the next five years for 88.3 cents per share. NAR CEO Dale Stinton joined DocuSign’s board of directors in 2013.
The company’s last big funding round came in 2012 when it raised $47.5 million, the Journal noted. DocuSign, which doubled its headcount to 650 people last year and has nearly 50 million customers, is said to be eyeing an initial public offering. Source: Wall Street Journal.