DocuSign, the e-signature company that you probably used to sign your last offer job offer or mortgage application, has raised $50 million in additional funding and will add Mary Meeker to its board, as was first reported by TechCrunch and filed with the SEC.
Founded in 2004, DocuSign allows users to “send, sign, track and store” documents, and is best known for allowing users to auto-sign and send PDF documents without the use of printers or scanners.
Representatives from DocuSign would not immediately specify which investors were involved in the round, but said they would provide more information shortly. They said DocuSign has raised $50 million, although the SEC filing notes that DocuSign has raised $47.5 million so far.
DocuSign also confirmed that Meeker, formerly of Morgan Stanley and now a partner with Kleiner Perkins, will be joining the company’s board of directors as part of the financing. Meeker is a well-respected analyst whose reports on the state of the tech industry are widely followed. She last shared her latest thoughts in public at the D: All Things Digital conference in May, where she touched on issues relating to Facebook, the economy, and mobile trends.
DocuSign last raised a Series C round of financing in December 2010, closing with $27 million in funding.
Updated: Keith Krach, CEO of DocuSign, confirmed in an interview that Kleiner Perkins led the funding round, in addition to participation from Accel Partners, SAP Ventures, Comcast Ventures, and a “large global institutional investor” that would not be named under the terms of the financing. The company initially announced that it had raised $50 million, but later said that it had rounded the figure of $47.5 million, as the SEC filing indicated.
Krach said that DocuSign is growing rapidly, with more than 160 million documents signed so far, and the funding would be used to grow the company internationally, as well as performing research and expand the suite of products it already offers. “People are using DocuSign as a verb,” Krach said.