Modusign Secures 17.7 Billion KRW Investment from SBVA, Atinum Investment, and Others

Leading Domestic Electronic Contract Service
Recognized for Growth Potential

Electronic contract specialist company Modusign announced on the 29th that it has successfully completed a Series C investment round worth 17.7 billion KRW. This round was led by existing investor SBVA (formerly SoftBank Ventures), with new participation from Atinum Investment, Industrial Bank of Korea, and DSC Investment.

Modusign, an electronic contract service based on Software as a Service (SaaS), enables legally binding contracts to be concluded via email, KakaoTalk, or dedicated links without meeting in person. It automates the entire contract process from preparation, conclusion, to subsequent storage and management. Beyond contracts, it can be used wherever signatures are required, such as consent forms, applications, and confirmations.

As of April 1 this year, Modusign has continuously grown, securing 270,000 corporate and institutional members. It has established itself as an essential business solution by acquiring clients ranging from large corporations like Samsung Electronics and Kakao to startups such as Viva Republica (Toss) and Yanolja.

Through this investment, Modusign will actively expand into Contract Lifecycle Management (CLM) services that manage the entire contract lifecycle including drafting, review, storage, execution, and management. It will also promote legal AI services utilizing generative artificial intelligence (AI). Based on the proven excellence of its services in the private sector, it plans to enter the public market as well.

Lee Young-jun, CEO of Modusign, stated, “We will do our best to expand beyond digitizing contracts to a service that takes full responsibility for the beginning and end of contracts, making this important task easier and safer for all companies and individuals.”

This content was produced with the assistance of AI translation services.