EthSign has raised $12 million led by Sequoia Capital India and Mirana Ventures. Other investors such as Sequoia Capital US, Sequoia Capital China, Amber Group, Hack VC, Circle Ventures, and angel investors Balaji Srinivasan (former CTO of Coinbase) Sandeep Nailwal (co-founder of Polygon) also participated in the funding round. The company will use the fresh capital for product development and community growth.

Many of its investors used EthSign Signature during the fundraising process. EthSign Signatures is the team’s first product, which is life and has gathered over 10,000 users. The team is developing a new version of EthSign Signatures that will be launched in the second quarter of this year. Founded by Xin Yan, Potter li, and Jack Xu, EthSign builds multiple decentralised tools for managing agreements and smart contracts for web3 native business transactions. “Initially, we built EthSign as a decentralised Docusign for traditional and Web3 entities to complete PDF agreements on the blockchain. But EthSign is now set to work on the next era of agreement where the execution of terms can be trust-less and automated,” said Li in a statement.