DocuSign
DocuSign Raises $629M in Convertible Note
Quick Facts
DocuSign Raises $629M in Convertible Note
DocuSign has successfully raised $629M in a Convertible Note at a $10B valuation led by Kleiner Perkins, Accel, Sigma Partners, Comcast Ventures, Fidelity.
Company Overview
DocuSign is a SaaS company headquartered in 221 Main Street, San Francisco, CA 94105, founded in 2003 with 7500+ employees.
Electronic signature technology
Fundraising Details
- Amount Raised: $629M
- Round Type: Convertible Note
- Valuation: $10B
- Date: 2024-04-17
- Investors: Kleiner Perkins, Accel, Sigma Partners, Comcast Ventures, Fidelity
About DocuSign
Electronic signature technology The company is positioned in the SaaS sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 221 Main Street, San Francisco, CA 94105
- Founded: 2003
- Team Size: 7500+
- Industry: SaaS
What This Means
This funding round demonstrates strong investor confidence in DocuSign's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The SaaS sector continues to attract significant investment as companies innovate to meet evolving market demands. DocuSign's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $10B valuation marks an important milestone for DocuSign, positioning the company among notable players in the SaaS industry.
Looking Ahead
With this new capital, DocuSign is well-positioned to execute on its growth strategy and continue building innovative solutions in the SaaS space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-04-17. For more information about DocuSign, visit their headquarters at 221 Main Street, San Francisco, CA 94105.
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