Electronic Signature Service Provider E-Sign Returns to Crowdcube

E-Sign, a UK-based electronic signature service provider has launched its third equity crowdfunding campaign through Crowdcube to raise £75,000. The company provides secure, encrypted document storage facilities for users with a full audit trail and signatory ID validation.

The company’s services include:

• Keep track of progress, send reminders, and be notified as soon as it is signed. An Audit Trail of the document progress is shown on the dashboard.
• See the signature and all the embedded additional information for all signatories as a permanent record.
• Access the original document and signature details from paper copy and screen copy using QR Code technology through any web browser.
• Securely store in encrypted format and retrieve the original document and signature details.

E-Sign’s team revealed:

“We feel E-Sign offers a superior solution; a simple to use, secure ‘advanced electronic signature’ service, which also incorporates an individual’s ‘real world’ ID’. This ID is validated against a live global ID database. According to our research and understanding of the market, the current electronic signature service providers on the market today only offer a computer replication of a hand signature, with very limited means of signature validation.”

Funds from this campaign will be used for the following:

• To supplement revenue to fund operating costs, including recruiting a developer and support staff.
• To specifically fund a marketing campaign, which has been researched and designed to grow retail as well as integration  revenues.
• To allow for ‘runway’ during onboarding of public sector clients. This involves education and training on the platform.
• To allow for runway whilst engaging with channel partners.

E-Sign first hit Crowdcube in 2014 and secured £64,760 from 99 investors. Unfortunately, the startup didn’t have the same amount of success with its second campaign, which occurred last summer. Founder of the company, Tom Taylor, explained to the crowdfunding platform:

“We have progressed the business since the first raise through the development of our native android and IOS apps, the ‘veri-me’ product and refined the E-Sign platform. It’s been a great experience and long may this continue. We attempted a second Crowdcube raise in Summer 2015 unsuccessfully, however we were successful in a raise from our existing investors shortly afterwards. Since then we have revised our valuation in accordance with feedback from the crowd and have also completed product developments (veri-me) and increased both our client base and revenues.”

He also went on to reveal why the company decided to go with the funding method for the third time:

“This has several motivational factors. The first is from a personal point of view, in that watching our Crowdcube pitch during the first raise was highly addictive and exciting. As any other company on the platform will tell you, it is a great feeling when you get an email with ‘Crowdcube’ in the heading. It either means you have another investment or someone is taking an active interest in your product. It’s great engaging with the crowd, the feedback is always very valuable and constructive.

The campaign is set to close at the end of March.