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DOCUGAMI ANNOUNCES $10 MILLION SEED FUNDING ROUND LED BY SIGNALFIRE

Additional investment from NextWorld Capital, document technology luminaries, and notable angel investors

Bob Muglia joins Docugami as investor and board member

(SEATTLE, WA) - Docugami, the Seattle-area document engineering startup that transforms how businesses create and manage documents for greater productivity, compliance, and insight using breakthrough artificial intelligence, announced today it has secured a $10 million seed funding round led by Silicon Valley venture fund SignalFire, with participation by NextWorld Capital and others.

Docugami also announced that Bob Muglia, former CEO of Snowflake and former head of both Microsoft’s Office and Azure businesses, is joining the company as a major investor and board member.

Additional investors in the seed funding round include luminaries in the advanced document technology sector, as well as leading-edge document users, including: Greg Badros, former head of Google Apps; Shishir Mehrotra, CEO of Coda; Kevin Reigelsberger, former president of Avalara; Alan Smith, partner, Fenwick & West; Barry Abbott, partner, Lane Powell & Associates; and Fenwick & West Investments.

The seed round also includes a number of notable angel investors in Silicon Valley, Paris, and the Seattle area, including: Thomas Reardon, co-founder of CTRL-Labs; Ellen Levy, former head of corporate and business development at LinkedIn; Sarah Imbach, former senior executive at PayPal, LinkedIn, and 23andMe; Hank Vigil, former senior vice president for strategy and partnerships at Microsoft; Marc Jalabert, former executive at Microsoft Western Europe; and Sunil Chhaya, a Silicon Valley angel investor.

LATEST NEWS - Docugami announces $10 million seed funding round led by SignalFire.

An Open Letter to the

Software Industry

Join the document dysfunction conversation on

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WE CREATED DOCUMENT DYSFUNCTION.

IT IS TIME TO FIX IT.

It is time for some of us building software to take a hard look in the mirror.

For years, we promised technology would solve the world’s information management problems, but 85% of business information is still “dark data,” potentially useful insights lost in a rising tide of disconnected documents, emails, Slack conversations, voice-to-text messages, and myriad other forms.

The Team

ENGINEERING

SCIENCE

SCIENCE ADVISORS

BUSINESS

BUSINESS ADVISORS

BOARD OF DIRECTORS

INVESTORS

SignalFire

SignalFire is the first venture capital firm structured like a technology company. We take a hybrid human + technology approach to investing and are composed of a team of world-class investors and engineers building tools and infrastructure to help with the most common founder pain points – recruiting, business development, and customer acquisition. In addition, our distributed network of 75+ advisors gives founders access to some of the world’s best entrepreneurs, product minds, and engineering leaders in virtually every key discipline and industry.

NextWorld Capital

NextWorld Capital is a venture capital firm that invests in enterprise technology startups and helps them grow into global leaders. We help entrepreneurs build and optimize the right go-to-market model and then accelerate growth with our Global Enterprise Platform, designed to bring together the best enterprise startups and 100+ of the largest global corporates as customers and partners. NextWorld’s investments include Zuora (ZUO), Gong.io and HeadSpin. NextWorld is headquartered in San Francisco with offices in London and Paris.

Cutting-Edge Document Technologists and Document Users

1. Bob Muglia, former CEO of Snowflake Computing and former head of Microsoft’s Office and Azure businesses.
2. Greg Badros, former head of Google Apps; Founder and CEO of Prepared Mind Innovations.
3. Shishir Mehrotra, Co-founder and CEO, Coda, the online documents and spreadsheets company.
4. Kevin Reigelsberger, former president, Avalara.
5. Fenwick & West Investments.
6. Barry Abbott, partner, Lane Powell & Associates.
7. Alan Smith, partner, Fenwick & West.

Silicon Valley, Paris and Seattle-Area Angel Investors

1. Thomas Reardon, co-founder of CTRL-Labs, which is developing technologies to translate neural and muscular impulses to control devices, and was recently acquired by Facebook.
2. Ellen Levy, former head of corporate and business development at LinkedIn, Ellen Levy SPT.
3. Sarah Imbach, former senior executive at PayPal, LinkedIn, and 23andMe, SIAN Ventures LLC.
4. Sunil Chhaya, Silicon Valley angel investor.
5. Marc Jalabert, former executive at Microsoft Western Europe, Acequia Capital, LLC.
6. Hank Vigil, former senior vice president for strategy and partnerships at Microsoft, Acequia Capital, LLC.