The French venture capital firm 360 Capital becomes Signaturit’s latest financial backer joining Bonsai Partners, Sabadell Venture Capital, Faraday Venture Partners, Nero Ventures, and Bbooster Ventures, bringing the company’s total funds raised since inception to over €10 million.
We explain everything in this post!
Signaturit Closes a Series A Round of €7 Million Led by 360 Capital and Bonsai Partners
Signaturit plans to use the newly raised resources to further its innovative technology, to strengthen its market leadership in Spain, and to extend its presence across other key European markets.
In just five years, Signaturit has established a portfolio of over 10,000 users across 40 countries. Clients include major multinationals and market leaders such as Volkswagen, EY, Gartner, Admiral Insurance, AXA, Acciona, Banco Sabadell, DAS Insurance, Cuatrecasas, Decathlon, Volotea and Damm, as well as hundreds of small and medium-sized enterprises.
Juan Zamora, our CEO and co-founder : "Attracting a top-class European investor such as 360 Capital and witnessing the strong commitment of our existing shareholders validates our impressive achievements to date. This Series A will allow us to continue incorporating the best talent to our team: the real key to our success. With the newly available resources we plan to double our volume of business and our current workforce of 60 professionals by year- end, and to become the leading provider in our sector in Europe in the coming years."
Nader Sabbaghian, General Partner of 360 Capital: "We saw a pretty compelling story in Signaturit, a talented and driven team with an impressive technology chasing a massive market opportunity. We are pleased to be part of this exciting and ambitious journey."
Martí Escursell, General Partner of Bonsai Partners: "After two years accompanying Signaturit and having consolidated its leadership in eSignatures and digital certification in Spain, we have invested again in its Series A with the aim of helping the company become the European leader in providing trust services."
Objective: a single contract automation platform
This Series A will allow Signaturit to continue innovating, particularly to deliver an end-to-end contract automation platform, a solution capable of seamlessly managing the entire life cycle of a contract –creation, dispatch, signature, execution and compliance – in a user-friendly, secure and legally binding way.
To that end, Signaturit's R&D team already incorporated technologies in 2018 such as machine learning, for the construction of contracts, and smart contracts, developed in blockchain for automating compliance and other downstream administrative contracting activities.
According to Zamora, “by combining our entire product portfolio in a single platform, we will be able to offer our clients a unique tool that will help them streamline any contract management process through a single provider, while guaranteeing the highest security standards and legal compliance of all their digital transactions.”
Finally, to thank our incredible Signaturit team, you are the best! And to our customers, partners, users and investors: thank you for giving us this great opportunity. We would not be here without you. Without a doubt, the best is yet to come.