DocuSign has closed out its whopping series D financing round at $55.7 million, including new participation from Google Ventures. We reported on the first portion of the funding, at $47.5 million, last month. The maker of electronic signature technology, with operations split between Seattle and San Francisco, has been growing rapidly. It is now attracting about 60,000 new users each day, and employs about 270 people.

“We are really poised for growth,” DocuSign CEO Keith Krach told GeekWire last month. “We’ve got a great business model that is a hybrid of SAAS and Internet, and we really believe that in the second half of this decade the vast majority of signatures will be electronic. We are in the midst of building a great company.”

“Electronic signatures are being rapidly adopted by enterprises, small businesses and consumers worldwide due to their convenience, security and ease of use,” said Karim Faris of Google Ventures in a statement. “DocuSign’s market momentum, deep technology and strong team attracted us to them and we are excited to be working with the company as they scale their business worldwide extending their reach to hundreds of millions of consumers.”

Other investors in the round included Kleiner Perkins Caufield & Byers, Accel Partners, Comcast Ventures, SAP Ventures and others. Total funding now stands at about $123 million, including participation from Ignition Partners and Frazier Technology Ventures.

Previously on GeekWire: E-signature company DocuSign raises $47.5 million, names Mary Meeker to board

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  • Mike_Acker

    =”Electronic signatures are being rapidly adopted … ”

    mostly by people who ain’t got a clue.
    you need 3 components: (1) write the document: word, excel, pdf … (2) SIGN it using PGP/Desktop or GnuPG (2) ZIP the document and the signature

    e/mail such as Thunderbird can use PGP/Mime to combine a number of objects into a MIME which can then be signed

    to verify you need a copy of the signers (sender’s) public key — which you have authenticated.

    in a world where a smudge with a digital signer in a supermarket with a totally worn out signer is accepted as a ‘signature’ though we have to wonder if people will ever take authentication seriously. until they do they will keep on getting hacked.

    the solution lines in the deployment of smart-cards. this will be the best way to ‘package’ the technology so it can be used in the super market and the saloon.

  • Mike_Acker

    the following is NOT a signature: it’s just a .png graphic. the smudges i see the groc. store POSTs making are much worse.

  • Mark Frederick

    @Mike_Acker I don’t follow your reasoning. Electronic signatures are a growing reality in a more connect world, especially with the rise of mobile apps and consumer and business expectations of quick and easy ways to complete agreements.

    I’m not a DocuSign employee but they are a solid company with some strong competition, though they are carrying the day with their recent funding momentum.

    • Mike_Acker

      Hash: SHA1

      An electronic signature must provide both
      authentication and integrity

      authentication allows you to be sure that
      I am who I say I am and that I really did
      make the electronic signature

      integrity allows you to be sure that the
      document I signed has not been altered
      after the time I signed it or in transit.

      To do this you need to use Public Key Encryption

      To use Public Key Encryption you need PGP or
      GnuPG. You need to generate a key pair and
      arrange to get your public key authenticated.

      None of this is difficult but snake oil salesmen
      keep trying to skip around the requirements.

      as a result FAILURE to AUTHENTICATE is one of
      the major factors contributing to electronic fraud
      if not the principle factor.
      Version: GnuPG v2.0.17 (MingW32)


  • Doug Wheeler

    Congratulations to DocuSign! This might be an industry first – Microsoft as a customer, Salesforce as a customer AND investor and now Google as an investor. What’s next… SAP, Oracle and IBM :) It’s awesome to see the universal need for electronic signature and the unrivaled technology leadership of DocuSign continue to create an impressive market leader. Can’t wait to see all the great things (and growth) that come from the new infusion of cash!

  • MArk Wallis

    you may want to try if you’re looking for a free alternative to major online document signing software. It is free for personal use and it has some cool features.

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