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Google Backs DocuSign

DocuSign already has investors like Comcast, SAP, Salesforce and Kleiner Perkins

Google Ventures has put $8.2 million into electronic signatures vendor DocuSign, bringing the reportedly unprofitable start-up's juicy $47.5 million D round, announced last month, up to an even juicier $55.7 million and its total funding up over a handsome $112 million.

Google is reportedly supposed to help DocuSign lower the cost of customer acquisition and boost the quality of its sales leads by "making sure that organic search goes up and paid search goes down."

DocuSign already has investors like Comcast, SAP, Salesforce and Kleiner Perkins.

It claims 20 million users have signed more than 150 million documents in 188 countries and that it adds 60,000 new customers a day.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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