HelloSign, the Electronic Signature platform, is announcing a $16 million financing round led by Foundry Group and Zach Coelius. Greylock Partners, U.S. Venture Partners and Tien Zhuo also participated.
Although the San Francisco-based company has been around since 2010, they are calling it a Series B, since they’ve raised little outside capital. The business is cash flow positive and it’s a “funding round that we did not need to take,” insisted COO Whitney Bouck. But they welcomed the opportunity for Ryan McIntyre from Foundry Group to join their board of directors.
