It looks like e-signatures — oops make that digital transaction management — is big business. DocuSign just netted $85 million in new funding, bringing its total to $210 million. With this cash the company plans to embed DocuSign’s technology deeper into vertical applications and to expand globally.
Backers this time out include unnamed “large institutional public funds” with contributions from an array of existing investors including Salesforce.com, Google Ventures, SAP Ventures, Comcast Ventures, the National Association of Realtors, Sigma West, Kleiner Perkins Caufield & Byers, Ignition Partners and Accel Partners. At this point you sort of have to wonder who’s not aboard.
Earlier this month, The Wall Street Journal (registration required) reported that Morgan Stanley was helping the San Francisco company raise up to $100 million, a goal which, if attained, could put the value of the company at up to $1 billion.
The company, with about 650 employees, will use its new funds to propagate its digital transaction management to more customers and companies around the world, CFO Mike Dinsdale said via email: “We’re looking to further invest in our strategic partnerships, enhance our vertical solutions to provide even more value to our customers, and drive continue global expansion in EMEA, APAC and Latin America.”
In the vein of strategic partnerships, the company recently inked a deal with Microsoft to bring its e-signature technology to Office 365 users. Still, in a world where giant companies Salesforce.com, Microsoft, SAP and Oracle are filling in the checkboxes around their existing SaaS suites, it seems technologies like this might end up being part and parcel of those offerings.
DocuSign netted $55.7 million in Series D funding in May 2012; $27 million in July 2010 and $5 million in May 2009.