Barcelona-based e-signature startup Signaturit raises €7 million in Series A funding

signaturit_founders

Barcelona-based Signaturit provides an easy and secure way to sign documents from your mobile device, with legal validity and without installing additional applications. Back in 2017, we interviewed the Barcelona-based company’s founder and CEO, Juan Zamora. Founded in 2013, the startup has just raised €7 million in a Series A round from 360 Capital, along with Bonsai Partners, Banco Sabadell, Faraday Venture Partners, Nero Ventures, and Bbooster Ventures. The round brings the total invested in Signaturit to over €10 million to date.

Signaturit’s suite of cloud-based tools includes electronic signatures, electronic registered delivery, electronic identification and qualified electronic time stamp, which comply with the highest legal and security standards while providing flexibility, easy deployment and mobile access.

In just five years, the startup has established a portfolio of over 10,000 users across 40 countries. Its 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.

“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,” said Zamora. “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.” 

Signaturit plans to use the newly raised funds to further develop its technology, strengthen its market leadership in Spain and its team, and extend its presence across other key European markets.

Signaturit’s R&D team has already been worked to incorporate new technologies in 2018, including machine learning for the construction of contracts, and smart contracts using blockchain for automating compliance and other administrative contracting activities.

“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,” said Nader Sabbaghian, General Partner of 360 Capital.