DocuSign inks $5 million round |
Follow the ups and downs of a new Seattle startup in a series of behind-the-scenes posts by its founders.
Today On Techflash
- Shares of drugstore.com rise after results
- Rhapsody going independent
- Microsoft unimpressed with Google Buzz
- WGA 'spyware' suit vs. Microsoft dropped
- Paul Allen's Brangelina moment
- LiquidPlanner hire, Paul Allen and more
- Tell us your sales horror stories
- Calbucci to sell Twitter list service
- A color screen for the next Kindle?
- Intelius co-founder released
Tech Events
Mass High Tech
DocuSign inks $5 million round
Seattle's DocuSign has reeled in $5 million in venture financing amid continued growth of its electronic signature product, TechFlash has learned. Existing investors -- including Frazier Technology Ventures, Ignition Partners, Sigma Partners and West River Capital -- participated in the deal which includes an option to raise an additional $10 million.
The company previously raised $12.4 million in the fall of 2007, bringing total funding at the time to about $30 million. After a series of restructurings and executive changes, DocuSign appears to be on a solid growth path under the direction of former CourtLink CEO Matthew J. Schiltz.
Last quarter, the software-as-a-service company said that it had processed more than 25 million electronic signatures. It also recently noted that the business grew by 300 percent in the first quarter compared to the same period last year.
Just yesterday, DocuSign introduced the latest version of its product. New features include the ability to create a personalized electronic signature that matches the handwritten signature and additional support for document formats.
“By focusing on cutting operational costs, accelerating revenue, and immediately impacting efficiency and profitability, our customers are driving tremendous business results for DocuSign," said founder and vice president of product strategy Tom Gonser in the release.
The DocuSign product is used in the financial services, travel and real estate industries, allowing organizations to accelerate the time it takes to complete a transaction and eliminating some of the waste associated with the transportation of paper documents. Customers include Re/Max, Prudential and Expedia.
About John Cook
John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.
READ FULL BIOGRAPHYRecent Sponsor Posts
Seattle Repertory Theatre presents Glengarry Glen Ross Feb 5th to Feb 28th
One of the largest and most renowned regional theatres in the country, Seattle Repertory Theatre produces a mix of celebrated classics, recent Broadway hits and cutting-edge new works in two theatre spaces. Now playing David Mamet's American classic Glengarry Glen Ross through February 28. Join us for Sales Rep Industry night February 11 with the Puget Sound Business Journal. For details click here.
Join the Microsoft WebsiteSpark program and get software, support and visibility – at no upfront cost. You’ll benefit from fast and easy access to current Microsoft development tools, platform technology and server products including Visual Studio, Expression Studio, Silverlight, Windows Web Server 2008 and SQL Server 2008 Web.
Seattle-based Adhost is a WebsiteSpark hosting partner providing dedicated servers with free Windows Web Server 2008 and SQL Server 2008 licensing for three years to Web developers enrolled in WebsiteSpark. Servers are located in our secure data center with SAS 70 Type II certification, 24x7 technical support and 24x7 client access.
WTIA 15th Annual Industry Achievement Awards
Held on March 4th at the Showbox SODO, this casual event celebrates and recognizes some of the best emerging and established companies in the Washington Tech Industry. The evening will feature a finalist company technology showcase and a variety of coffee, chocolate, and wine samples from local companies. More than 800 attendees are expected to be present at the celebration. Public online voting for Technology Leader of Tomorrow Scholarships will open February 3rd on the WTIA site.
We congratulate the 2010 finalists and look forward to unveiling the winners on March 4th. REGISTER NOW!
From the trenches
Job Listings
- Registered Health Information Technician (Forms & Records Analyst 2)
- State of Washington Department of Corrections
- Principal SDE - Project Natal - Gameplay Engineering - 711621
- Microsoft Corporation
- Senior Web Analyst - 705536
- Microsoft Corporation
- Telecommunications Consultant (I)
- Sparling Electrical & Technology Consulting
- Senior SDET - 706910
- Microsoft Corporation
