DocuSign raises more cash from Intel and Dell for $278 million financing

DocuSign on Wednesday announced a new investment from Dell and Intel Capital, nudging the startup’s funding ever higher.

The investment brings San Francisco-based DocuSign’s total Series F to more than $278 million, and its total funding since its 2003 founding to $508 million. With their investment, Dell and Intel Capital — the venture arm of Intel — are also signaling a deeper business partnership with DocuSign to incorporate the startup’s electronic signature technology into some of their products.

DocuSign, which makes software to add legally compliant and secure electronic and digital signatures to documents, also has a partnership with Microsoft.

DocuSign announced earlier this month it had secured $233 million; the investments from Dell and Intel Capital, then, add about $45 million to the mega-round. The company is valued at more than $3 billion.

DocuSign has more than 50 million users in 188 countries and is available in 43 languages. With this new funding, DocuSign says it plans to expand its international presence, creating a global network to support cross-border business transactions. The technology aims to replace the lingering paper-and-pen aspect of business deals — the signature process.

“This slows business, delays results, and creates … unnecessary costs from printing, faxing, scanning, and overnighting documents to transact business,” the company said. “It shouldn’t be this way. It doesn’t have to be this way.”

Photo: DocuSign CEO Keith Krach, courtesy DocuSign


Tags: , , , ,


Share this Post