InvestX is proud to offer DocuSign as our latest private equity deal – the market leader in e-signature and DTM (digital transaction management). Here, we list the top 3 reasons why we love DocuSign and are proud to bring another market-leading company to our investors.
- Enterprise Value of $1 Billion + – DocuSign is the market leader for e-signature and digital transaction management (DTM); enabling over 250K companies and 100M users across 188 countries. DocuSign is backed by $558M in venture funding from leading strategic investors including Salesforce Ventures, Microsoft, Dell, Google Ventures, SAP Ventures, Intel and more. Our strategy in choosing a company to sell which has an enterprise value of $1B + is that it reduces business risk.
- Annual minimum growth rate of 30 – 50% – CEO Daniel Springer shared that DocuSign grew its volume of transactions by approximately 70% from 2015 to 2016. March of 2016 also saw DocuSign accelerate with 125% YoY (year over year) customer growth – up from 100k customers and 50M users in 2015. The e-signature market alone increased from $210M in 2014 to $662.7M in 2016, which presents a 216% increase in 2 years.
- Evidence of near-term IPO – DocuSign announced in January of this year that they appointed Daniel Springer as CEO. Springer, who was chairman and CEO of Responsys for 10 years, took the company public in 2011. Springer has stated the company’s growth rate, market and scale combine to make the company “IPO-ready.” We like the fact that the company is in the right age-range of maturity for a potential IPO in the near future.
In addition, according to Statista, the DTM market is forecasted to grow 6x from $5B in 2015 to $30B in 2020.
Visit the InvestX DocuSign deal room today to express an initial investment interest and learn more about the company.