Barcelona-based startup Signaturit offers a secure and easy way to sign documents via mobile devices without any additional applications. In a recent development, this e-signature startup secured €7 million in a Series A funding round led by 360 Capital along with partnership from Banco Sabadell, Nero Ventures, Bonsai Partners, Bbooster Ventures and Faraday Venture Partners.
Founded in 2013 by Javier Martínez, Juan Zamora and Salvador Severich, Signaturit offers a suite of cloud-based tools such as electronic registered delivery, electronic signatures, qualified electronic time stamp and electronic identification. Despite complying with the highest standards of legality and security, these tools are easy to deploy, flexible and accessible via mobile.
In a span of five years, this Barcelona-based startup has managed to rope in over 10,000 users in 40 countries. It has a wide clientele including Volkswagen, Admiral Insurance, EY, Gartner, DAS Insurance, Banco Sabadell, Decathlon, Cautrecasas, AXA, Acciona and Volotea and Damm. Besides this major multinationals, there are numerous small and medium-sized enterprises as well that work with Signaturit.
Plans for further development
With the recent investment, Signaturit aims to develop its technology further. It also aims to use the funds to strengthen its market leadership in its home market Spain and add more employees to expand its presence in the major European markets.
Blockchain and machine learning
The R&D team at the startup are working towards incorporating new technologies including smart contracts via blockchain to automate compliance as well as other administrative activities. It is also in plans to use machine learning to create contracts.
“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 Signaturit co-founder Juan 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.”
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