Yousign pushes into the German market

At the beginning of the year Yousign launched its offer in Germany, now the French start-up raises 30 million euros and wants to conquer the German e-signature market.

French start-up Yousign has had its own team for the German market since the beginning of the year, and since then 100 customers have opted for the start-up's offering, according to the company. Now Yousign is raising 30 million euros with the clear goal of completely conquering the German market. To achieve this, the team is also to be expanded: 150 new hires are planned in the next 18 months. The round is led by the American venture capitalist Lead Edge Capital, and eFounders is also participating in the Series A financing round.

"Our goal is to support German companies by adapting our products precisely to the national characteristics of the market. With this fundraising, we can strengthen our team and offer solutions that meet the needs of our German customers," says Dominik Drechsler, who is responsible for the German market. The start-up has ambitious plans: by 2024, Yousign wants to equip 50,000 European small and medium-sized enterprises with its e-signature solution and achieve a turnover of 70 million euros.

"The business processes that have not yet been digitized, as the signature had to be done in the presence of the parties involved, will now be done online. We are delighted to support Yousign in making this vision a reality," says Thibaud Elziere of eFounders.

Yousign was founded in 2013 by Antoine Louiset and Luc Pallavidino, the company offers digital signatures. It is estimated that the market for this will grow by 25 percent a year until 2030. Last year, Yousign expanded its workforce from 35 to 100.