DocuSign has raised $233m in its latest round of financing as it looks to fund further growth and expand worldwide.
The financing round was led by Brookside Capital and Bain Capital Ventures and joined by Generation Investment Management and ClearBridge Investments. Other investors who participated in the round include Iconiq Capital, Wasatch Advisors, Wellington Management and Sands Capital Ventures.
With more than 50,000 new unique users joining The DocuSign Global Trust Network every day, DocuSign now has more than 100,000 companies and more than 50 million users in 188 countries.
Nick Kukrika, partner, Generation Investment Management, said: “The DocuSign team has built an incredible business that delivers a very strong customer value proposition while also providing substantial sustainability benefits.
“This is exactly the type of company we try to find.”
Keith Krach (pictured), chairman and CEO, DocuSign, added: “We measure our success by our customers’ success – the three biggest aspects driving customer adoption are dramatic ROI, reduced risk in security and compliance, and better end user experiences for our customers’ customers.
“Our equity financing strategy of world class strategic and financial investors allows us to remain relentlessly dedicated to what matters most – the customer.”
DocuSign has now raised more than $440m to date from strategic investors and financial institutions including Google Ventures, SAP Ventures, VISA, Salesforce, Samsung Venture Investment Corporation, Telstra, Comcast, BBVA, EDBI (the corporate investment arm of the Singapore Economic Development Board), Mitsui & CO (USA) Inc., NTT Finance, Recruit Holdings, the National Association of REALTORS, Brookside Capital, Generation Investment Management, ClearBridge Investments, Cross Creek Advisors, Wasatch Advisors, LLP, Bain Capital Ventures, Wellington Management Company, Sands Capital Ventures, Iconiq Capital and others.