SpringCM
Latest round
- Series D
Last raised
- Jun 2016
Total raised
- $54M
Investors
- 7
About SpringCM
SpringCM Inc.Founded in 2005 in Chicago, US, SpringCM Inc. is focused on providing contract management solutions. In 2018, the company was acquired by DocuSign, Inc. for USD 220 mn. The acquisition brought together SpringCM’s capabilities with DocuSign’s electronic signature solutions, creating a stronger offering for clients. The founder's previous ventures remain undisclosed.DocuSign CLM offers a comprehensive suite of contract lifecycle management solutions designed to streamline the management of contracts for businesses of all sizes. The core product enables organizations to automate and optimize contract creation, negotiation, execution, and management, thereby enhancing efficiency and reducing risks associated with manual contract handling. Key functionalities include document generation, collaboration tools, and integration capabilities with other business systems, facilitating a seamless workflow for users. The primary end users of DocuSign CLM range from legal teams to procurement and sales departments, who leverage these tools to ensure compliance and accelerate deal closure.DocuSign CLM generates revenue through a subscription-based model, where clients pay for access to its contract management solutions. The structure typically involves annual or monthly subscriptions, which can vary based on the scale and specific features adopted by the customer. Enterprises often engage in partnerships that provide them with tailored solutions, while smaller businesses may opt for direct-to-consumer pricing plans, reflecting their distinct requirements. Flagship products within DocuSign's portfolio, such as electronic signature solutions and advanced analytics tools, are integral to the company's offerings, driving customer engagement and retention.Following the acquisition by DocuSign, Inc. in July 2018, SpringCM is expected to leverage the resources for further development of contract management products. The company aims to enhance its offerings with advanced features and expand into new geographic markets, including Europe and Asia Pacific, by 2024. The funds from the acquisition will be utilized to support product innovation and market expansion efforts.
Who invested in SpringCM
7 investors across 8 rounds
See all investors in SpringCM
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series D
Jun 27, 2016
Amount
$18M
Investors
Series D
Feb 26, 2015
Amount
$4.6M
Investors
Series D
Mar 14, 2011
Amount
$1.5M
Investors
Series D
Sep 7, 2010
Amount
$9M
Investors
Series B
Apr 9, 2008
Amount
$10M
Investors
Series A
Sep 6, 2007
Amount
$1.1M
Investors
Series A
Sep 1, 2006
Amount
$8M
Investors
Series A
Feb 16, 2006
Amount
$2.1M
Investors
Questions about SpringCM
Who invested in SpringCM?
SpringCM has 7 investors on record across 8 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has SpringCM raised?
SpringCM has raised 8 venture rounds. Sign up free to see how much each round raised and the total.
When did SpringCM last raise money?
SpringCM's most recent round on record is a Series D, in Jun 2016.
What does SpringCM do?
SpringCM is a software company.
Where is SpringCM headquartered?
SpringCM is headquartered in Chicago, US.
Which VCs invest in companies like SpringCM?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at SpringCM's stage. Their profiles are linked below.
VCs backing software startups at Series D
Raising like SpringCM? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.