EthSign raised $12 million in stable coin, led by Sequoia Capital India and Mirana Ventures where Sequoia Capital (US) and Sequoia Capital China with other investors including Amber Group, Hack VC, Circle Ventures, and angel investors including Balaji Srinivasan (former CTO of Coinbase) and Sandeep Nailwal (cofounder of Polygon) also participated.
EthSign is developing a suite of decentralised tools for executing agreements and smart contracts, with a focus on web3 native business transactions. The funds will be used for product development and community growth by the team. EthSign Signatures, the team's first product, is now live and has over 10,000 users. The team is working on a new version of EthSign Signatures, which will be released in the second quarter of this year. EthSign also offers use-case-specific solutions, such as decentralised governance, decentralised bounty boards, payroll management, and so on.