Skribble Raises EUR10 million to Expand in Europeby Fintechnews Switzerland September 2, 2022
Zurich-based electronic signature specialist Skribble has completed a EUR 10 million round of funding. The round was led by Munich-based Acton Capital Partners and Swiss venture capital firm VI Partners.
Contracts such as employment and supplier contracts, along with delivery notes or tenders, have long since needed to take the detour via printer, paper and post to be signed with legal validity. The digital method with Skribble is much faster, more secure and more sustainable.
The new funding will go towards Skribble’s geographical expansion and growing the office in Karlsruhe. In addition to strengthening its position in the DACH region, the company wants to advance into more European markets.
The capital will also be used to advance product development and expand its clear positioning as an easy-to-use signature service with a top-of-the-range user experience.
This round of funding is the third since the company was founded in 2018. Stakeholders from previous rounds, including btov Partners AG, Mobiliar AG, Helvetia Venture Fund and Züricher Kantonalbank (ZKB), also made further investments this time. Many employees also make capital contributions to the company
“Due to a lack of trust in legal certainty and ready-to-use e-signing solutions, more than 99% of contracts in Germany are currently printed out and signed by hand.
Skribble has launched an e-signature service that is completely watertight in terms of legal validity and data protection, eclipsing paper and pens when it comes to simplicity,”
said Dominik Alvermann, Partner at Acton Capital.