Modusign, SaaS-based e-contract platform, closed its Series C funding round, raising KRW 17.7 billion. The investment was led by existing investor SBVA (formerly SoftBank Ventures), with new participation from Atinum Investment, Industrial Bank of Korea (IBK), and DSC Investment.
Modusign enables users to create legally binding contracts via email, KakaoTalk, or dedicated links. The platform automates the entire contract process, from preparation and execution to subsequent storage and management. Modusign can also be used for any document requiring a signature, such as consent forms, applications, and confirmations.
Founded in 2015, Modusign has experienced consistent growth, reaching 270,000 registered users as of April 1, 2024. The company’s clientele includes major corporations such as Samsung Electronics and Kakao, as well as startups like Viva Republica (Toss) and Yanolja.
With this latest investment, Modusign plans to expand beyond its core e-contract offering to provide comprehensive Contract Lifecycle Management (CLM) solutions and leverage generative AI to develop advanced legal AI services.
