Electronic signature platform DocuSign has raised $50 million in Series D funding. The round was first revealed in a filing with the Securities and Exchange Commission, and the company just sent me a few details.
DocuSign has also confirmed that Mary Meeker, the Kleiner Perkins Caufield & Byers partner (and former Morgan Stanley analyst) who’s most famous for her reports on the mobile industry, is joining the DocuSign board. It looks likely that Kleiner led the new round, but neither DocuSign nor Kleiner has confirmed that. (For now, the company will only say that the funding comes from “premier investors, public funds, and strategic tech-industry leaders.”)
Founded in 2004, DocuSign describes itself as “the industry standard in electronic signature” — and that’s probably a fair description. The company says 18 million people have used its products to sign 120 million documents, and that more than 150,000 documents are “DocuSigned” every day.
DocuSign previously raised a total of $56.4 million from Frazier Technology Ventures, Ignition Partners, Sigma Partners, Scale Venture Partners, Salesforce.com, and others, with its Series C announced in December 2010.
I’ll be speaking to CEO Keith Krach later today and will update this post with his comments.
Article courtesy of TechCrunch