San-Francisco-based global e-signature platform DocuSign announced the launch of DocuSign Ventures which is set to invest in startups that aim to innovate the agreement process, including startups in the Southeast Asia region.
DocuSign Ventures are looking to invest and partner with startups that are working to build solutions in the following areas:
– Agreement process automation and workflows
– AI and smart contract technology
– Identity verification and management
– Digital payment platforms
– Legal and compliance automation technologies
– Vertical solutions in areas such as mortgage and lending
Describing itself as a stage-agnostic investor, DocuSign Ventures said that it targets early stage companies that have achieved early signs of product-market fit or Series A to C stage companies.
It does not typically lead funding rounds and look to co-invest alongside other credible and qualified investors.
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The firm is also “flexible” in its check sizes with no stated maximums or minimums with typical deals that are up to 10 per cent of a round size.
“Agreements are fundamental to everything, traversing how we conduct business and defining the important life commitments we make and depend upon. Despite their essential nature, the agreement process today is still largely manual, static, and rooted in paper,” said Eric Darwin, Head of Corporate Development at DocuSign.
“More and more businesses are recognising the power and urgency of digitising their agreement processes in order to meet the new ‘anywhere expectations’ of their customers, partners, and employees. DocuSign Ventures is excited to partner with the disruptors who are propelling smarter, simpler and frankly better ways of executing and fulfilling agreements,” he continued.
DocuSign Ventures will give its portfolio companies access to its knowledge and experience in the space as well opportunity to develop closer partnerships with the DocuSign Agreement Cloud platform and work with DocuSign’s broader ecosystem of customers, developers and partners.
It has invested in BlackBoiler, DataGrail, Pactum, Snapdocs, and a recent investment in The LegalTech Fund.
e27 has reached out to DocuSign Ventures to find out more details of their plans with Southeast Asian startups.
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