DocuSign, the cloud-based electronic signature platform, is skyrocketing in value and even overtook real estate tech giant Zillow Group in market capitalization, according to public stock data from Yahoo. The National Association of Realtors (NAR) is reaping the reward of the prudent investment through its venture arm, Second Century Ventures (SCV).

At the close of the trading day, Zillow Group’s market capital – the market value of a public company’s shares  – sat at $8.56 billion with DocuSign at $8.66 billion. See the market caps below from Yahoo Finance:

SCV invested in DocuSign nearly a decade ago and sold 28 percent of its 5.6 million shares – netting NAR a $20 million windfall – when DocuSign went public in April. But its remaining shares continued to balloon in value.

When DocuSign went public, it opened its first day of trading with a market cap of roughly $4.4 billion.

A spokesperson for NAR told Inman that SCV sold an additional 1.2 million shares on September 18. SEC filings were not immediately available, but Jackson Square Ventures, also an early investor in DocuSign, sold that same day at $55 per share, which would have netted SCV $66 million.

SCV would still own roughly 2.832 million shares in the company, which is currently trading at $52.35 – a value of slightly more than $148 million. Not bad for what was reported as an initial $5 million investment.

Email Patrick Kearns

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're giving away 3 free ICLV tickets at Connect Now next week. Register and attend live for your chance to win!REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription