April 4, 2006

DocuSign Inc. Receives $10 Million in Funding

Second round of funding to build out infrastructure and continue product development for enterprise customer requirements

SEATTLE – April 4, 2006 – DocuSign®, the leading On-demand electronic signature service, today announced that it has completed a second funding round totaling $10 million. This round was led by new investor Sigma Partners, who is joining previous investors Frazier Technology Ventures and Ignition Partners.

“ Faxing and express shipping paper documents for signature is time consuming and expensive, and with today’s ubiquitous use of electronic communications and Internet, doesn’t make sense. We believe DocuSign has the right solution and traction to be the leader in a very large market. We are pleased to be working with the DocuSign team, Ignition Partners and Frazier Technology Ventures on this opportunity” said Peter Solvik, Managing Director of Sigma Partners, who will be joining the Board of Directors of DocuSign.

“ We’re very pleased to have Sigma Partners leading this round of funding, and we’re looking forward to their valuable input as an investor and partner as we continue to grow the company,” said Court Lorenzini, CEO of DocuSign. “We’re also excited about the adoption we’re seeing by enterprise clients, and expect that trend to continue. Businesses are simply realizing that DocuSign is more reliable, faster and less expensive than the centuries-old process of paper-based signing,” he added.

This latest investment will enable DocuSign to grow its enterprise customer base, where there is a trend toward adoption of electronic signatures as a major improvement to internal processes. DocuSign will also use the funds to continue development of its enterprise products and grow its channel and partner network.

DocuSign Makes Online Signing Fast, Easy and Secure
Signing documents should not be difficult, and DocuSign provides a signature solution that’s both easy and secure. To sign a document, all a person needs is a web browser and access to the internet. No customization, special forms, or IT infrastructure to deploy.

DocuSign works with the documents you generate today, even if created by custom applications. DocuSign’s advanced on-demand signature solution ensures a legally-binding signing process regardless of industry, application, workflow or transaction volume. Companies adopt DocuSign not just for its ease of use, but because they want to improve business processes that require signatures on documents.

About Sigma Partners
Founded in 1984, Sigma Partners is a leading early-stage venture capital firm. The Sigma team uses their deep operational experience to provide entrepreneurs with practical strategic counsel through every phase of company growth. With over $1.5 billion under management and bicoastal offices, Sigma invests in innovative technology startups across the United States. Some of the market leading companies Sigma has invested in include Clarify, Electronic Arts, Internet Security Systems, Octel, VeriFone, Vignette and Wellfleet. For more information, visit www.sigmapartners.com.

About DocuSign
DocuSign offers a web-based electronic signature service that provides the simplicity, speed and security required to deliver, sign and store documents. Designed from the ground up for business-class usage, this service integrates the technical infrastructure and legal compliance needed to operate an end-to-end electronic signing service that replaces the old pen and paper process. DocuSign customers span a variety of industries and range from the largest corporations to the smallest branch offices. These customers are enjoying quantifiable benefits with DocuSign, including removal of costs, increases in revenue, and acceleration in business velocity. DocuSign also offers a direct positive impact on our global environment by reducing paper consumption and transportation emissions. For more information please visit www.docusign.com. DocuSign and the DocuSign logo are registered trademarks of DocuSign, Inc.