Secure document sharing and tracking platform DocSend has received a $5m investment from DCM, a US and Asia-focused venture firm.
As part of the deal, DCM partner Kyle Lui will join the DocSend board of directors.
By working together, DCM hopes to help the RegTech startup deploy its workflow management services to companies around the world.
The RegTech startup enables firms to securely share business-critical documents with ease and receive real-time, actionable feedback. Its services are used in a variety of ways including fundraising, investor relations, sales and marketing, customer success, and board management.
DocSend recently released its electronic signature solution which helps companies to transform a file into a legally binding document which can be signed and shared on aby platform. Its service enables real-time view notifications and insight on how long someone reviewed a document and once signed, they receive a copy and an auditable trail of actions.
Additionally, the company recently released its one-click non-disclosure agreement (NDA) tool. Its service enables a team to upload a document and simply click NDA and any visitor would require to the NDA before viewing.
The company is used by 10,000 customers including Gusto, One Medical, Airtable, WP Engine, and Algolia.
Earlier in the month, contract management startup Lexion closed its seed round on $4.2m following contributions from Madrona Venture Group and Wilson Sonsini Goodrich & Rosati. The company uses natural language processing to extract previously unseen clauses or new document types.
Copyright © 2019 FinTech Global
Copyright © 2018 RegTech Analyst
