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The Venture Codex

DocuSign

221 Main Street, Suite 800, San Francisco, CA, 94105, United States

Overview

DocuSign operates a cloud-based electronic signature platform that helps small- and medium-sized businesses, enterprises, and individuals collect information, automate data workflows, and sign on various devices. The company’s platform automates manual and paper-based processes that allow users to manage various aspects of documented business transactions, including identity management, authentication, digital signature, forms and data collection, collaboration, and workflow automation and storage. The company also provides training and support services. Its platform serves the sales, human resources, finance, information technology, operations, legal, marketing, facilities, support, product management, and procurement departments in the financial services, healthcare, technology, higher education, insurance, real estate, life sciences, and government sectors in the United States and internationally. DocuSign was incorporated in 2003 and is based in San Francisco, California with additional offices in London, Sydney, Sao Paulo, and Dublin.

Total investments
6
Lead investments
1
Investments · 12mo
0
Active investors
8

Sector focus

  • Business Process Automation (BPA)
  • Cloud Management
  • Computer
  • E-Signature
  • Information Technology
  • SaaS
  • Software
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Investment portfolio

  • OneNotary

    Participated · Series A · Mar 2024

    OneNotary provides an online, on-demand notarization product and a nationwide marketplace of notaries accessible 24/7 via API and web. The company says its product is used across finance, real estate, law, health care, and government for secure remote notarizations. Since founding in 2020, OneNotary has grown rapidly — its marketplace now exceeds 30,000 notaries and the company reports revenue doubled over the past year. The new capital will be used to accelerate marketing and sales, strengthen partnerships, and further develop the product suite to meet rising demand for online verification services. OneNotary also announced a partnership with DocuSign to integrate OneNotary into DocuSign’s notary solutions, with the integration planned to launch early this summer. OneNotary is a San Francisco-based provider of online notary infrastructure offering a no-code, white‑label integration to enable Remote Online Notarization (RON) inside SaaS products. The platform connects a fleet of over 10,000 vetted notaries across the United States and provides 24/7 on‑demand notarizations and apostille services. Its core product is a seamless integration toolkit that enables businesses to add RON into workflows within hours, keeping customers inside existing tools. OneNotary also provides AI-based tools to assist notaries with document preparation and to autonomously verify document errors. The company plans to scale the platform for use in all fifty states and will pursue aggressive marketing and education to increase adoption of remote online notarization globally. Financially, OneNotary raised $1.75 million in a seed round to fund expansion and product development.

  • BlackBoiler

    Participated · Equity · Oct 2020

    BlackBoiler develops patented editing technology that suggests company-specific revisions to corporate documents to automate contract negotiation. Its solution can leverage data points from other AI and analytics tools to boost accuracy, lower risk, and accelerate revenue capture for clients. The company serves AmLaw 25 law firms and several Fortune 1000 organizations, including TE Connectivity. BlackBoiler holds six U.S. patents and is pursuing additional IP protection in the U.S., Canada, and Europe. Led by co-founder and CEO Dan Broderick, the company received a $225,000 SBIR grant from the National Science Foundation in 2017. It plans to use new funding to further develop its patented software capabilities and accelerate team growth.

  • Snapdocs

    Participated · Series C · Oct 2020

    Snapdocs is a networked digital closing platform that manages the cross-party workflow of mortgage closings, including appointment scheduling, status updates, and notifications. The platform integrates with major real estate technologies, working natively with loan origination, point-of-sale, title production, eNote, and Remote Online Notary solutions to enable seamless interaction at scale. Snapdocs reports total transaction volume in the hundreds of thousands of closings per month and says customers are on pace to close millions of mortgage transactions in 2021; the platform touches nearly 20% of all US real estate transactions, representing over $60B in mortgage value. The company says over 130,000 mortgage professionals rely on Snapdocs daily and that product, engineering, and customer success headcount increased by over 100% in the last year. The new capital will be used to accelerate Snapdocs’ vision of building the digital infrastructure that connects lenders, settlement services, and borrowers to digitize mortgage closings at scale. Snapdocs was founded in 2013 and is based in San Francisco. Snapdocs provides a cloud-based platform to digitally manage the mortgage closing process and the many documents and parties involved; it is used by roughly 130,000 real estate professionals. The platform is used by more than 70% of settlement agents nationally and counts customers such as Bell Bank, LeaderOne Financial Corporation, Googain, and Georgia United Credit Union. Snapdocs centralizes workflows across lenders, title companies, brokers, inspectors and other participants, and adds AI and analytics to flag issues and enable remote approvals. In August 2020 the platform closed 170,000 home sales (about $50 million in transactions), representing nearly 15% of U.S. deals that month, and the company was on track to close 1.5 million deals for the year—about double its 2019 volume. Financially, Snapdocs has raised $103 million to date and the company says most of that capital remains in the bank. Leadership sees the next five years as a full digitization of real estate closings and positions Snapdocs to become the operating system for mortgage closings. Founder and CEO Aaron King has deep mortgage experience (23 years) and the company participated in Y Combinator’s Winter 2014 cohort. Snapdocs provides a real estate technology platform featuring patented AI technology to modernize, streamline, and improve the mortgage process for lenders, borrowers, and settlement. The platform is used every day by over 50,000 mortgage professionals to automate manual work and digitize paper processes. Founded in 2013 and led by CEO Aaron King, the company is developing its artificial intelligence offerings and broader platform capabilities. Snapdocs intends to use its new funding to continue developing those AI offerings and platform enhancements. The company is also expanding its physical presence with the opening of a new office in Denver, Colorado. The business is headquartered in San Francisco, California.

  • Pactum

    Participated · Seed · Jun 2020

    Pactum AI offers a suite of autonomous negotiation tools for commercial term negotiations, contract cost negotiations, and purchasing negotiations to facilitate personalized, large-scale deals between enterprises and suppliers. The company was founded in 2019 and is based in Mountain View with engineering and operations in Estonia. Pactum markets software that conducts and optimizes negotiations autonomously, targeting procurement and supplier-management workflows. The firm will use the new funding for research and development in autonomous negotiations, to enhance user experience, and to support initiatives such as the Autonomous Negotiations Academy. Financially, the company has raised a total of $55 million to date following this latest round. No revenue or user metrics were disclosed in the article. Pactum provides a negotiation platform that leverages intelligent bots, advanced mathematical models, cognitive science, and best-in-class negotiation techniques to engage third parties and secure better pricing, payment terms, and supply continuity. Its solution digitizes personalized commercial negotiations at scale, enabling enterprises to negotiate with thousands of suppliers rapidly and repeatedly. Pactum reports average savings of 3%–5% when fully deployed and says it helps unlock working capital, reduce spend, and increase team productivity. The company works with $5B+ revenue customers, including Walmart, Maersk and Wesco. Pactum is experiencing its strongest period of growth on record amid ongoing market uncertainty. It is based in Mountain View, California, with engineering and operations in Estonia, and plans to further expand in the U.S. and Europe while investing in logistics, intelligent contract optimization and retail item-level merchandising operations. Pactum builds an AI-powered Negotiation-as-a-Service platform that automates and optimizes commercial contract negotiations, able to renegotiate agreements in as little as 15 minutes. The product integrates data and priorities from both sides to generate win-win deals and focuses on adding value to the bottom line rather than solely cutting labor costs. Pactum reports that in a single department within a Fortune 500 company its offering unlocked $1.5 million in working capital on a monthly basis. The company cites broad market inefficiencies—KPMG estimates 17%–40% of vendor deal value is lost during negotiation—as the opportunity its technology addresses. Pactum targets Fortune 500 procurement teams initially but plans to expand access to all businesses over time. The company intends to use new funding to scale deployment, grow headcount, and establish more partnerships with major organisations. Pactum is an AI-based platform that enables global companies to automate personalized commercial negotiations on a massive scale. The system combines a negotiation chatbot with Pactum’s negotiation scientists, beginning each project by mapping a “value function” and autonomously conducting best-practice negotiations. Once a negotiation is complete, Pactum updates information automatically in relevant systems such as ERP and CRM. The web-based tool is applied to supplier negotiations for online marketplaces as well as enterprise and retail procurement, and a majority of its clients are Fortune 500 companies; Walmart is one of the first disclosed customers. On average 74%–82% of companies interacting with Pactum’s AI prefer it over a conversation with a human, and recent customers saw long-tail deals increase in value by 11%–27%. The company is based in Mountain View with engineering and operations in Estonia, was founded in 2019, and is backed by founders of Skype and TransferWise along with investors including DocuSign and Project A. Pactum offers a web-based AI system that autonomously conducts personalized commercial negotiations via an auto-generated chat-like interface. The platform evaluates agreement terms, suggests win-win trade-offs based on historical data, and produces contracts ready for review and sign-off. Its applications include supplier negotiations for online marketplaces, enterprise procurement, and retail procurement, enabling thousands of parallel automated negotiations. The company says the system shortens a process that used to take days to an average of 15 minutes. Pactum has filed a patent related to its technology and raised an initial $1.15 million in pre-seed funding to augment negotiation and AI capabilities and scale operations. The team includes engineers and operators from Skype, Monsanto, the Estonian e-Residency program, and Starship, and the company is backed by tech luminaries including founders of Skype and TransferWise.

  • Clause

    Participated · Series A · Jun 2019

    Clause offers cloud-based smart contracting technology that enables users to add smart clauses to documents to automate business processes, workflows, and digital transactions. Its platform integrates documents with enterprise systems, web services, and blockchains so contracts can trigger actions and become part of IT infrastructure. The company plans to use the new funding to accelerate business development, expand engineering teams, and nurture the broader smart contract ecosystem. Clause positions smart clauses as a way to reduce complexity in transaction workflows and improve contract management across enterprises. The announcement highlights leadership from founder and CEO Peter Hunn and signals closer partnership momentum with major agreement-platform players. Clause builds a proprietary, patent-pending infrastructure to integrate legally enforceable contracts with real-time data from the Internet of Things, web services, and business and accounting systems. The platform updates contract terms such as prices, warranties and delivery requirements automatically from live data. The company was co-founded by Peter Hunn (CEO) and Houman Shadab (COO) and is based in New York City. Clause raised a seed round of undisclosed amount and will use the funds to continue developing its underlying infrastructure and to hire additional developers. As part of the investment, Clause will receive training and mentorship through a joint global callout run by its investors to identify top legal tech startups. No operating metrics were disclosed in the article.

Team