Signaturit is a trusted provider of cloud-based electronic signature and trust solutions based in Barcelona. The company has announced the closing of a 7 million Euro round of Series A financing, led by the French private equity firm 360 Capital, which joins as a new Signaturit investor. It joins Bonsai Partners, Banco Sabadell, Faraday Venture Partners, Nero Ventures and Bbooster Ventures and raises the total funds raised by the company since its creation to more than 10 million Euro.
Signaturit is also a qualified provider of trust services that offers innovative solutions for electronic signatures, certified electronic delivery, electronic identification and qualified electronic time stamp, to digitize any transaction securely and legally.
The company plans to use the investment to promote its innovative technology, strengthen its leadership in Spain and extend its presence to other key European markets. This A Series will enable Signaturit to continue to innovate, particularly to offer an end-to-end contract automation platform: a solution capable of seamlessly managing the entire life cycle of a contract in an easy, secure and legally binding manner. To this end, Signaturit’s R&D team already incorporated technologies in 2018 such as machine learning, for the drafting of contracts, or smart contracts developed in blockchain to automate compliance and other subsequent administrative contracting activities.
360 CAPITAL PARTNERS
Signaturit’s clients value the cloud-based toolset offered by the company such as electronic signature, certified electronic delivery, electronic identification and qualified electronic time stamp.
360 Capital Partners is a private equity manager that invests in innovative, digital and high-tech companies across Europe. The firm has a 20-year track record of supporting talented technology entrepreneurs in the development of ambitious and disruptive companies in a variety of sectors. Bonsai Partners is a venture capital fund that continues with the track record of almost 20 years of Bonsai Venture Capital, whose success stories such as Infojobs, Softonic, Idealista, Tuenti, Bodas.net, Wallapop and Glovo are a relevant part of the history of Internet in Spain. For Juan Zamora, CEO and co-founder of Signaturit, “attracting a top European investor such as 360 Capital and seeing the solid commitment of our pre-existing shareholders validates our achievements to date. This Series A will allow us to continue incorporating the best talent into our team: the real key to our success.
PRESENCE IN 40 COUNTRIES
In five years Signaturit has established a portfolio of more than 10,000 users in 40 countries. Clients include 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. Nader Sabbaghian, general partner of 360 Capital, said, “we saw a very compelling track record at Signaturit, a very talented team with impressive technology pursuing a massive market opportunity. We are pleased to be a part of this exciting and ambitious journey”.
Martí Escursell, general partner of Bonsai Partners, has declared that “after two years accompanying Signaturit and having consolidated its leadership in electronic signature and digital certification in Spain, we have invested again in its Series A with the aim of making it the European leader in trust services”.