DocuSign, which allows documents to be signed electronically, said Tuesday it has raised $233 million in a new round of funding. The announcement came on the same day the company landed on CNBC's Disruptor 50 list.
The financing round was led by Brookside Capital and Bain Capital Ventures, DocuSign said. It said the proceeds will be used to expand the company's Global Trust Network—services ensuring the authenticity of documents and protecting customers' information.
DocuSign, which ranked 13 on the Disruptor List, is leading the "first phase in companies' digital transformation," chairman and CEO Keith Krach said on CNBC's "Squawk on the Street."
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"Now we have over 100,000 companies that have standardized on DocuSign," he said. "We have 50 million unique users and we are putting over 50,000 unique users on a day."
Krach refused to give details about the company's valuation, which Re/code reports to be $3 billion.
"We don't focus on the valuation, but I can tell you what we do focus on is our customers and their value proposition, said Krach. "I think our growth numbers speak for themselves."
The valuation is driven by the fact that people realize how big the market for digital transactions is worldwide, said Krach. On its website, DocuSign claims its presence in 188 countries.
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DocuSign has benefited from partnerships with several large companies allowing it to work with different forms of payment.
"We have a gateway to work with all the payment suppliers," said Krach. "Hence, the strategic relationship with companies like Visa."
Krach said DocuSign has "a chance to change the way business is done and change the way people live their lives."
"Our business is in the long term for centuries to come and building out that DocuSign Global Trust Network," he said.
