DocuSign snags $10 million in funding

Plans to beef up electronic signing product for enterprise clients

Electronic signature service DocuSign has received a second round of funding totaling $10 million, the company announced late Tuesday.

The funding, led by new investor Sigma Partners, will be used to build out infrastructure and continue product development, the company said.

DocuSign’s previous investors include Frazier Technology Ventures and Ignition Partners.

The Seattle-based electronic signature company is seeing more adoption from enterprise clients, according to CEO Court Lorenzini, who added they “expect that trend to continue.”

This latest investment will enable DocuSign to grow its enterprise customer base, where there is a trend toward adoption of electronic signatures as a major improvement to internal processes. DocuSign will also use the funds to continue development of its enterprise products and grow its channel and partner network.