DocuSign, an e-signature and transaction management software provider, has detailed strategic investments the company says will help it grow its mobile reach and expand into Spanish-speaking countries, Singapore and across Asia.
The commitments come from Samsung Ventures, BBVA Ventures and the investment arm of the Singapore Economic Development Board (EDBI), and are part of a $115 million funding round that DocuSign announced in October.
Many real estate agents use DocuSign’s Digital Transaction Management platform (formerly known as Cartavi) to manage paperwork. The firm recently made a foray into California by integrating with form-filling technology zipLogix, which has license agreements for digital real estate forms across the state.
“DocuSign is the global standard for digital transaction management empowering the world to keep business digital,” said Michael Jeon, director at Samsung Ventures, in a statement. “Our investment is evidence of our belief in the need to bring the ease, speed and convenience of DocuSign’s DTM platform to the billions of consumers and mobile professionals who use smartphones and tablets everyday.”
DocuSign has been on a fundraising tear in 2014. The company announced in March that it had raised $85 million in a Series E funding round, only to accept $30 million more into that round in October.
The National Association of Realtors invested in DocuSign since 2009, when NAR subsidiary Second Century Ventures purchased a 5.43 percent stake in the company for $2 million. As DocuSign raises additional money, the ownership stakes of existing investors are diluted. Before the latest round of funding, NAR’s stake in DocuSign was 4.5 percent, according to a report provided to NAR’s board of directors in May.
