DocuSign, an e-signature service, closed $5 million in Series D funding from Frazier Technology Ventures, Ignition Partners, Sigma Partners, and West River Capital LLC. The funding follows a Series C investment of $12.4 million in 2007 from the same investors.
DocuSign, which was founded in 2003, allows companies to get legally binding signatures quickly over the internet instead of over the fax or mail. DocuSign certifies digital signatures over the web, acting as a intermediary who holds the documents and verifies the identity of the signature. The digital signature business was really opened up during the turn of the century with that passing of the UETA and ESIGN acts, which clarified the legal grounds for electronic signatures nationwide. To date, more than 25 million signature events have been executed using DocuSign. Competitors include EchoSign, and VeriSign.
Have any of the esignature companies been tested in a lawsuit over the id authorizations they provide?
Nice scoop on the local guys here in Seattle.
Yesterday I used SureDocs when signing for my re-finance papers. It was quick and easy. It beats having to print documents, sign them and faxing/scanning them back.
The only problem that I had with them is that it only works in MSIE. For us MAC users, it’s doesn’t support Safari or Firefox.
What, not Webex?
After that ringing endorsement (ad) in Fox’s 24 a few weeks ago where the President signed a document via Webex, I’m surprised the world isn’t using Webex now!
LOL! If 24 isn’t giving lip service to the news topic du jour, they’re selling placement to every company on the planet.
Maybe Docusign should contact them for a counter placement.
Good job raising cash in a down economy.
It must have been expensive for the common stock holders (i.e. employees) to raise money now for a company that, based on needing more investor cash, apparently is making enough customer cash yet.
And what about getting a real electronic signature, NOT click to sign. Go Paperless with a fully integrated solution