BestSign

About BestSign

BestSign operates a cloud-based platform in China focused on electronic signatures and the intelligent management of the entire contract lifecycle. The company was established in Hangzhou, China, in August 2014 by founder and CEO Wan Ming, also known as Joy Wan, who previously held a senior management position at Apple. The platform provides end-to-end services including online signing, secure contract storage, and comprehensive management, targeting both enterprise and individual users across a multitude of sectors like internet finance, commercial real estate, online education, and manufacturing.

The company's business model is structured as a Software as a Service (SaaS), generating revenue through tiered subscription packages and contract volume plans. BestSign's service enables users to execute legally valid contracts on various devices such as computers and mobile phones, aiming to improve transaction efficiency and reduce operational costs associated with physical paperwork. The platform's features include configurable contract templates, automated workflows, and permission controls for large organizations, which helps to manage and analyze contracts effectively. To strengthen its market position, BestSign acquired competitor QuickSign in 2017 and 51signing in 2019.

BestSign has successfully raised a total of $74 million over five funding rounds. A significant Series C funding round in August 2018, led by Tiger Global Management, raised $52.3 million. Other notable investors include DCM Ventures, Shunwei Capital, and 5Y Capital. The company is also leveraging technologies like blockchain for enhanced security and is developing AI-driven contract management solutions to create new growth opportunities. By June 2023, the platform had served over 20 million enterprise clients, including more than 200 from the Fortune 500, and 558 million individual users.