# Documo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/documo

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.documo.com
- Total disclosed funding: $24M
- Latest round: Series B (Dec 14, 2021)
- Investors on record: 1

## About

Based in Wilmington, US, and founded in 2015, Documo Inc., doing business as Documo, is a developer and provider of paperless document technology platforms, intended to help businesses transform to digital documentation. In February 2022, the firm raised USD 24 million in series B funding led by new investor Radian Capital, and as of March 2022, the company is being led by its founder and CEO, Matt Valeo, and employs more than 40 employees.

Documo Inc. develops and offers Documo Suite, the product suite comprised of mFax, mSign, and mDrive. mFax is a cloud-based platform, designed to help customers receive and send faxes from any internet-connected device, whereas mSign is an e-signature platform that allows organizations to sign documents digitally. The company’s product mDrive is developed as a cloud-storage platform, intended to help companies store their critical work documents online. Documo Inc’s products help enterprises manage documents in an easy and simple manner while enabling them to reduce their carbon footprint. The company’s client portfolio includes Juvo, Aspi, THETFORD, Health IQ, Warby Parker, among many others.

The firm generates revenue through its subscription packages, Solo (USD 10 per month), Team (USD 25 per month), Business (USD 50 per month), and Infinity (USD 99 per month).

Documo Inc. intends to use the February 2022 funding to expand its product suite and broaden its reach into new markets. The company also plans to double-up its team size in 2022.

## Funding rounds

- Series B, Dec 14, 2021, $24M — Radian Capital

## Investors

- Radian Capital (https://capitalatlas.ai/funds/radian-capital) — Series B