Industry News

DocuSign completes $12.4 million round of financing

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DocuSign, a company that offers e-signature technology for real estate professionals and other industries, today announced that it has raised $12.4 million in its latest round of investor financing, for a total of about $29 million since the company launched. WestRiver Capital LLC led the Series C financing round, which follows a $10 million round in April 2000. WestRiver was supported in the latest round of investor financing by existing company investors Frazier Technology Ventures, Ignition Partners and Sigma Partners. Matthew J. Schiltz, DocuSign CEO and president, said the company has about 1,800 corporate clients and 300,000 users across all industries, and real estate is the single largest component of the company's business, Schiltz said. The company announced earlier this month that it has passed the 5 million-mark in e-signature events -- the company's technology allows parties in a real estate transaction to electronically "sign" a range of real estate transaction documents ...