DocuSign Raises $47.5 Million, Adds Meeker to Board

DocuSign Inc., a provider of electronic-signature services, raised $47.5 million in a financing round led by Kleiner Perkins Caufield & Byers and added Mary Meeker, a partner at the venture firm, to its board.

Accel Partners and a large institutional investor joined in the funding round, San Francisco-based DocuSign said today in a statement. Comcast Ventures and SAP Ventures provided additional investment, joined by Salesforce.com Inc. (CRM) and the National Association of Realtors.

Founded in 2004, DocuSign enables customers to gather legally binding, secure signatures over the Internet using cloud-based computing. DocuSign has 20 million users who have signed more than 150 million documents in 188 countries, and it adds 60,000 new customers each day.

“DocuSign’s easy-to-use e-signature platform is transforming the way documents are processed and delivered, with record speed and efficiency,” Meeker said in the statement. “This financing highlights the appeal of the e-signature transaction management market and the value of DocuSign’s global, viral network.”

LendingClub, a peer-to-peer Internet lender, added Meeker to its board last month as part of a $15 million investment from Kleiner Perkins. Meeker was previously a technology analyst at Morgan Stanley. (MS)

To contact the reporter on this story: Lisa Rapaport in New York at lrapaport1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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