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Power Law company profile

ESignBao

Legal · Hangzhou, China · Founded 2002

ESignBao, operated by Hangzhou Tiangu Information Technology Co., Ltd., was established in December 2002, marking an early entry into China's electronic signature and seal industry. The company was founded by Jin Hongzhou. A significant milestone was achieved in 2011 when it obtained the "Commercial Password Product Model Certificate" from the State Cryptography Administration. By 2013, ESignBao had become a member of the National Information Security Standardization Technical Committee, contributing to the formulation of national cloud-based electronic signature standards. The company has secured substantial funding over the years, including a Series A in 2016, a Series C of 650 million RMB in 2019 led by Ant Group, a Series D exceeding 1 billion RMB in 2020, and a Series E of $186 million in 2021, co-led by IDG Capital and Sequoia China. In 2020, it was the only Chinese electronic signature company listed on the Hurun Global Unicorn Index. ESignBao provides legally effective, full-lifecycle electronic contract services, significantly reducing document signing times. The company targets the business-to-business (B2B) market, serving clients from small businesses to large enterprises and government agencies with a Software as a Service (SaaS) platform. Its business model is primarily subscription-based, offering various pricing plans. Revenue is also generated from pay-as-you-go options, commissions, and providing additional services like custom solutions, training, and API access for integrating its technology into client systems. The company's core offering is a cloud-based electronic signature software platform that enables secure, paperless transactions. Key products include a contract management cloud platform, a unified seal platform for enterprises, and an international version, eSignGlobal, which serves domestic companies with cross-border business and foreign enterprises in China. The platform leverages cryptography and electronic authentication to generate unique signatures and supports multiple operating systems, including Windows, Android, and iOS. In partnership with Ant Group's AntChain, ESignBao launched blockchain-based contracts, enhancing the security and immutability of electronic agreements. It also integrates with platforms like DingTalk, allowing users to sign electronic contracts directly within the application. Keywords: electronic signature, digital signature, e-signature, SaaS, contract management, legal tech, B2B, Hangzhou Tiangu Information Technology, Jin Hongzhou, Ant Group, IDG Capital, Sequoia China, cloud-based software, paperless solutions, enterprise software, digital transaction management, blockchain contract, compliance, API integration, eSignGlobal