Skribble raises € 10 million for e-signing
Zurich/Munich, September 1, 2022 – Skribble AG completes Series A round of funding: fresh capital for the geographic expansion and its new presence in Germany. Digitalisation of signing processes and a legally valid solution for all industries – investors see huge potential for international growth.
Skribble AG, the specialist for electronic signatures from Zurich, Switzerland has completed a round of funding with an investment volume of EUR 10 million. The round is led by Acton Capital from Munich, joined by existing investors like btov (b2venture) and co-lead by VI Partners AG, from Altendorf, Switzerland.
The new investment will support the provider’s geographical expansion, establishing the office in Karlsruhe and Skribble’s 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.
Dominik Alvermann, Partner at Acton Capital.
“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,” says investor Dominik Alvermann from 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.
“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 from Skribble.
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) joined the round. Skribble’s employees also make capital contributions to the company.
E-signature service Skribble, founded in March 2018, is the leading Swiss provider of electronic signatures and has offices in Zurich, Switzerland and Karlsruhe, Germany. Skribble offers all e-signature standards from a single source and supplies the legally appropriate electronic signature for every type of contract. These are based on legally regulated standards, including the qualified electronic signature (QES) – the only form of the e-signature on an equal footing with the handwritten signature under EU and Swiss law. Corporate clients include DATEV, easyJet, SBB and international auditing firms. To date, more than 3,000 companies from more than 30 countries have digitalised their signing processes with Skribble. The e-signing service is actively used in 140 countries. For more information, visit www.skribble.com.