DocuSign Brings In $2M

7/9/10

Seattle-based electronic signature automation software developer DocuSign has raised $2 million in debt financing, according to a regulatory filing. The company, founded in 2003, previously had raised more than $30 million in venture funding, including $5 million in Series D financing in May 2009. In 2009 DocuSign was one of a hundred companies to be named to the “Red Herring 100,” an award that identifies North American tech companies for excellence in entrepreneurship and innovation. The company also hired both a new chief executive and chairman in January. A spokesperson from DocuSign did not immediately respond to a request for comment.

Thea Chard is a correspondent for Xconomy Seattle. You can e-mail her at theachard@gmail.com or follow her on Twitter at http://twitter.com/theachard. Follow @

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  • David

    Since when is borrowing money considered to be “raised” money? If $30M couldn’t make them profitable with 3 CEOs in 6 years, you have to wonder what it means when they now sink into debt. Will this finally turn them around when they have to make payments instead of just burning their investors’ cash?