ModuSign Secures 17.7 Billion KRW Series C Investment for E-contract Solutions

South Korea-based e-contract specialist ModuSign has secured a 17.7 billion KRW Series C investment. SBVA (formerly SoftBank Ventures) led this round, with Atinum Investment, Industrial Bank of Korea(IBK), and DSC Investment joining as new investors.

ModuSign, offering SaaS-based e-contract services, enables legally binding contracts via email, KakaoTalk, or unique links, automating the entire contract process from preparation to signing, storage, and management. It’s expanding beyond simple e-contracts into Contract Lifecycle Management (CLM) and Legal AI services, leveraging its vast contract data and proprietary AI.

SBVA’s Choi Ji-hyun, who led the investment, highlighted ModuSign’s solid position as South Korea’s top player, especially in unexplored public sectors. Atinum Investment’s Vice President Kim Jae-wook emphasized ModuSign’s market leadership and potential for rapid scale-up amid the rise of remote work and e-services.

ModuSign’s CEO Lee Young-joon expressed commitment to expanding its services beyond digital contracts, aiming to take full responsibility for the entire contract lifecycle, ensuring contracts are simpler and more secure for all businesses and individuals.