All three units of Sequoia Capital join EthSign's $12 million funding round by Yogita_Khatri5
EthSign has raised $12 million and its investors include all three units of the Sequoia VC.
Sequoia Capital India co-led EthSign's seed round along with Mirana Ventures. Other investors in the round included Amber Group, Circle Ventures, NGC Ventures, HashKey Group, and Matrixport. Angel investors including Balaji Srinivasan, Tegan Kline , Sandeep Nailwal , Sid Powell and Thomas Vu , also backed the round.
To move a step further, EthSign is now planning to launch an execution platform called Smart Agreements. It will allow users to execute signed agreements via smart contracts based on predetermined conditions."Smart Agreement is a self-executable contract with escrow funds. You can preset conditions, predeposit funds in an escrow account, and if those conditions are met, escrow funds will be released to a concerned party," explained Li.