Skribble raises € 10 million for e-signing

Skribble AG completes Series A round of funding / New capital for geographic
expansion / Digitalisation of signing processes / Investors see huge potential
for growth / The legally valid solution for all industries.
Zurich, 1 September 2022 – Specialist for electronic signatures Skribble AG, based
in Zurich, has completed a round of funding with an investment volume of EUR 10
million. The round is led by Acton Capital Partners GmbH from Munich, an
international venture capital company focusing on digital business models seeing
strong growth in revenue in Europe and North America. VI Partners AG, from
Altendorf, Switzerland, is on board as co-lead.
The new investment will go towards the provider’s geographical expansion, growing
the office in Karlsruhe and the German team, and more. 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.

“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. This is exactly what German companies
need to face the digital transformation.”

Dominik Alvermann, Partner at Acton Capital.

Contracts such as employment and supplier contracts, along with delivery notes or
tenders, have long since needed to take the long way around 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 scale-up once again succeeded in winning
the trust of renowned investors for this business idea.

“With Acton Capital Partners and VI Partners, we have found two international
venture capital companies that share our values and will enable our continued
growth.”

Philipp Dick, Co-Founder and CEO of Skribble.

According to statements made by the company itself, big plans lie ahead. “In the Swiss
domestic market, we have managed to establish ourselves as the leading
e-signature provider in just three years. We are already present in more than 30 other countries.

Growth in existing markets and expansion into new
markets and within Germany are now at the top of our list,” stresses Philipp
Dick.
In addition to the renowned VC companies, business angel investor and Chairman of
the Board of Directors at Bitcoin Suisse, Luzius Meisser, is also involved:
“Skribble has built a solution that makes technical and legal complexity look so
simple that anyone can use it straight away. This has always been a recipe for
success and has enormous growth potential.”
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.