DocuSign raises $85M to accelerate development of global transaction management platform

Platform to serve additional verticals beyond real estate

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E-signature heavyweight DocuSign Inc. has raised $85 million that the company says it will put to use to expand beyond its core e-signature business and become a global provider of transaction management platforms for the real estate and other industries. In addition to pouring resources into developing its digital transaction management platform, DocuSign will use the funds from the round to expand to markets outside the U.S. and Canada -- where a majority of its clients reside -- to Europe, Latin America and Asia. The company, which is owned in part by the National Association of Realtors, will also deepen integration of its apps with Microsoft Office 365, Tom Gonser, DocuSign's founder and chief strategy officer, told Inman News. “Our latest round of financing positions us to help more customers around the world keep business digital with DocuSign as the catalyst for their digital transformations," said Keith Krach, chairman and CEO of DocuSign, in a statement. Dig...