In a recent development, French startup Yousign has joined hands with eFounders, a startup studio. Paris-based eFounders was started in 2011 by Quentin Nickmans and Thibaud Elziere is involved in building SaaS startups from scratch. After the partnership with Yousign, the company is attempting something new.
Well, eFounders wants to create the necessary tools needed to make work more efficient. The company backs many respectable and big names in SaaS such as Aircall, Spendesk and Front. And, to speed up the workflow, the company requires electronic signatures, which is why it has partnered with the French e-signature company.
While there are many well-established players in this segment such as HelloSign, DocuSign, Adobe Sign, SignNow, etc., none of these companies have created an impact that YouSign has managed to leave. Founded in 2013 by Luc Pallavidino, this startup offers features that one will expect. Well, it lets uploading a document, setting up automated emails and sending notifications for everyone to sign the document. Yousign archives documents and lets users create document templates and send contract proposals via an API.
But the major challenge faced by the company is that Europe is quite fragmented and it has to convince users in various countries to switch to e-signatures. This has been facilitated by the partnership with eFounders as Yousign is now available in the UK, Germany, Spain and of course, France.
In a blog post, Thibaud Elziere, the CEO of eFounders stated, “eFounders has acquired around 50% of the company through an SPV (Single Purpose Vehicle) that it controls. The startup studio holds 25% directly, and investors in the eFounders eClub hold 25%.”
eFounders partners with startups and entrepreneurs to build game-changing businesses and world-class products. After partnering with Yousign, the latter appears to be similar to any other company backed by eFounders.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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