Bloomberg News

DocuSign Raises $47.5 Million, Adds Meeker to Board

July 13, 2012

DocuSign Inc., a provider of electronic-signature services, raised $47.5 million in a financing round led by Kleiner Perkins Caufield & Byers and added Mary Meeker, a partner at the venture firm, to its board.

Accel Partners and a large institutional investor joined in the funding round, San Francisco-based DocuSign said today in a statement. Comcast Ventures and SAP Ventures provided additional investment, joined by Salesforce.com Inc. (CRM:US) and the National Association of Realtors.

Founded in 2004, DocuSign enables customers to gather legally binding, secure signatures over the Internet using cloud-based computing. DocuSign has 20 million users who have signed more than 150 million documents in 188 countries, and it adds 60,000 new customers each day.

“DocuSign’s easy-to-use e-signature platform is transforming the way documents are processed and delivered, with record speed and efficiency,” Meeker said in the statement. “This financing highlights the appeal of the e-signature transaction management market and the value of DocuSign’s global, viral network.”

LendingClub, a peer-to-peer Internet lender, added Meeker to its board last month as part of a $15 million investment from Kleiner Perkins. Meeker was previously a technology analyst at Morgan Stanley. (MS:US)

To contact the reporter on this story: Lisa Rapaport in New York at lrapaport1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


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