{"id":343412,"date":"2017-06-12T21:00:36","date_gmt":"2017-06-12T13:00:36","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1502316"},"modified":"2017-06-12T21:00:36","modified_gmt":"2017-06-12T13:00:36","slug":"hellosign-raises-16-million-so-you-can-stop-signing-paper-documents","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/hellosign-raises-16-million-so-you-can-stop-signing-paper-documents\/","title":{"rendered":"HelloSign raises $16 million so you can stop signing paper documents"},"content":{"rendered":"

<\/p>\n

HelloSign<\/a>, the eSignature platform, is announcing a $16 million financing round led by Foundry Group and Zach Coelius.\u00a0<\/a>Greylock Partners, U.S. Venture Partners and Tien Zhuo<\/a> also participated.<\/p>\n

Although the San Francisco-based company has been around since 2010, they are calling it a Series B, since they\u2019ve raised little outside capital. The business is cash flow positive and it\u2019s a \u201cfunding round that we did not need to take,\u201d insisted COO Whitney Bouck. But they welcomed the opportunity for Ryan McIntyre from Foundry Group to join their board of directors.<\/p>\n

The Docusign and Adobe Sign competitor\u00a0has convinced 55,000 companies to pay for its services on a subscription basis. They estimate that they have over seven million users on the platform, which includes consumers who can utilize the basic features for free.<\/p>\n

The \u201cfreemium product\u201d makes it a \u201cvery low barrier to entry,\u201d CEO Joseph Walla told TechCrunch. \u201cAnyone can go and use us for up to three documents per month.\u201d He compared the experience to Box and Dropbox<\/p>\n

In addition to signing and sharing documents, they recently introduced HelloWorks,\u00a0<\/a>which turns PDF forms into easy-to-edit digital files.<\/p>\n

\u201cThe API is really our primary focus,\u201d said Bouck. She said they want to be \u201cthe Twilio or Stripe of eSignature.\u201d<\/span><\/p>\n

Ryan McIntyre from Foundry Group said they invested in HelloSign because \u201cthey\u2019ve managed to do very much with very little, and that\u2019s a sweet spot for us. We believe that the market for eSignature is in a position to grow exponentially and it\u2019s clear that HelloSign is in an excellent position to lead the charge. They\u2019re lean, mean, and incredibly innovative.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" HelloSign, the eSignature platform, is announcing a $16 million financing round led by Foundry Group and Zach Coelius.\u00a0Greylock Partners, U.S. Venture Partners and Tien Zhuo also participated. Although the San Francisco-based company has been around since 2010, they are calling it a Series B, since they’ve raised little outside capital. The business is cash flow positive and it’s… Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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