# SpringCM

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

- Industry: Software
- Headquarters: Chicago, US
- Website: www.springcm.com
- Total disclosed funding: $54M
- Latest round: Series D (Jun 27, 2016)
- Investors on record: 7

## About

SpringCM Inc. specializes in contract lifecycle management solutions that enhance the efficiency of managing contracts for organizations by automating processes and minimizing risks associated with manual handling.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. The company has completed 17 deals to date.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. The company serves a diverse client base across various industries, including technology, healthcare, and finance, with a global presence extending to markets in North America, Europe, and Asia Pacific.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. The pricing framework is designed to accommodate a range of business sizes and needs, ensuring accessibility to both large enterprises and smaller firms.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.

## Funding rounds

- Series D, Jun 27, 2016, $18M — Bluestem Capital Company, Foundation Capital, North Bridge Venture Partners, Panorama Capital, Wellington Financial, Square 1 Bank
- Series D, Feb 26, 2015, $4.6M — Foundation Capital
- Series D, Mar 14, 2011, $1.5M — Foundation Capital, North Bridge Venture Partners
- Series D, Sep 7, 2010, $9M — Foundation Capital, North Bridge Venture Partners, Silicon Valley Bank
- Series B, Apr 9, 2008, $10M — Foundation Capital, North Bridge Venture Partners
- Series A, Sep 6, 2007, $1.1M — Foundation Capital
- Series A, Sep 1, 2006, $8M — Foundation Capital
- Series A, Feb 16, 2006, $2.1M — Foundation Capital

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A, Series B, Series D
- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series B, Series D
- Silicon Valley Bank — Series D
- Bluestem Capital Company (https://capitalatlas.ai/funds/bluestem-capital-company) — Series D
- Panorama Capital — Series D
- Wellington Financial (https://capitalatlas.ai/funds/wellington-financial) — Series D
- Square 1 Bank — Series D