Dell, Intel Invest $45 Million in DocuSign, Latest Funding Round Grows to $278 Million

Dell Ventures and Intel (INTC) Capital together have invested $45 million in digital document management provider DocuSign, only two weeks after an earlier Series F $233 million funding round of nine venture firms, including Bain Capital, pushed the company’s valuation to some $3 billion.

DocuSign, whose platform tracks, authenticates and archives digital documents, said it will use the funding to fuel expansion both geographically and to additional market segments. A key part of its strategy spans growing from its electronic signature beginnings to cloud-based end-to-end document management.

Since its inception in 2003, the San Francisco, CA-based, privately-held DocuSign has secured some $508.1 million in 14 funding rounds from 38 investors, according to Crunchbase. In 2014, DocuSign landed $115 million in two Series E funding rounds in addition to two undisclosed secondary market investments. In 2012, DocuSign secured $55.7 million in Series D funding, and in 2010 the company landed $27 million in Series C funding.

In addition to the cash infusions of Dell and Intel, which expands on DocuSign’s existing relationship with both vendors, some of the company’s strategic investors include Google Ventures, Sapphire Ventures, VISA, Salesforce Ventures, Samsung Venture Investment, Telstra, Comcast Ventures, NTT Finance and the National Association of Realtors. The latter has delivered significant growth and opportunity to DocuSign.

“We’re pleased to have the biggest technology brands invest in DocuSign as part of the DocuSign Global Trust Network,” said Keith Krach, DocuSign chairman and chief executive. “These strategic engagements will help bring the power and value of DocuSign’s DTM platform to more countries, companies and customers around the world.”

Michael Dell, Dell chairman and chief executive, said the vendor valued “the opportunity to help DocuSign achieve its massive potential,” and Rick Echevarria, Intel Security Group vice president and Intel Security Platforms Group general manager, said the chip maker will integrate “our offerings [with DocuSign’s platform] to help our customers worldwide securely transact anything, anytime, anywhere, on Intel-powered devices.”

DocuSign claims more than 100,000 customers and 50 million users in 188 countries.