DocuSign is an electronic signature software company that is raising around $100 million in funding with a valuation that could hit as high as $1.5 billion. DocuSign is working with Morgan Stanley to raise the funding. DocuSign plans to eventually go public following the funding round.
DocuSign doubled their headcount to 650 people and is going to hire hundreds more this year. DocuSign CFO Mike Dinsdale told Dow Jones VentureWire that an IPO is “logical at some point.”
DocuSign started over 10 years ago and is one of the largest cloud-based electronic signature software companies. DocuSign is used by over 48 million customers. In 2012, DocuSign raised $47.5 million in funding led by Kleiner Perkins Caufield & Byers.