EchoSign, the web-based electronic signatures and signature automation service, has surpassed one million users. The startup, which launched back in 2006, has also helped sign and close more than $200,000,000 worth of contracts in one month.
EchoSign’s electronic signature service lets you append digital signatures to contracts and other business documents, store them in digital form, and manage those documents without printing them out and faxing them. The startup has a freemium model, where the you can use a basic service for free but pay anywhere from $14.95 to $300 per month for a subscription service that includes extra features such as PDF encryption and password protections.
EchoSign’s CEO and co-founder Jason Lemkin says that the electronic signature movement experienced momentum as more businesses adopted SaaS and cloud computing applications. For example, EchoSign has gained significant popularity on Salesforce’s App Exchange. EchoSign is also integrated with web-based productivity suite Zoho.
To date, EchoSign has raised $8.5 million in funding. The startup faces competition from DocuSign and VeriSign.