Docusign Raises $233M in Funding, Valued at $3B

image source: grovo

image source: grovo

San Francisco-based online signature technology provider company DocuSign has raised a series F funding of $233 million. The new funding is led by Hedge Fund Brookside Capital along with participation from private equity firms Generation Investment Management and ClearBridge Investments.

The new round of funding has raised the company’s valuation to $3 billion and the total amount of finance raised by the company since inception has summed up to $440 million.

Docusign is an american company that provides electronic signature technology and Digital Transaction Management services for facilitating electronic exchanges of contracts and signed documents.

The company claims that its serviceS are being used by more than 50 million people around the world. It is also partners with companies like Microsoft, SAP and NetSuite, which support its technology within their applications and resell DocuSign to their customers, according to recode.

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