BestSign is a technology company.
BestSign has raised $68.0M across 2 funding rounds.
BestSign has raised $68.0M in total across 2 funding rounds.
BestSign has raised $68.0M in total across 2 funding rounds.
BestSign's investors include 5Y Capital.
BestSign is a Chinese technology company specializing in intelligent cloud-based electronic contract services, leveraging blockchain for secure eSignatures, contract lifecycle management, online signing, storage, and related features like litigation support.[1][2] It serves enterprises across sectors such as Internet finance, commercial real estate, online education, O2O, and e-commerce, solving inefficiencies in traditional paper-based contracts by enabling digital management, cost savings, and faster transactions.[1][2] With 222 Fortune 500 clients, 346 million individual users, 18 billion total contract transmissions, and peaks of 31.18 million daily items as of June 2025, BestSign demonstrates strong growth, processing over 160 million transactions monthly on a platform with 99.99%+ availability.[2][3]
BestSign was co-founded in 2017 by Zhen Tao and is headquartered in Hangzhou, Zhejiang, China, though some records note earlier activity around 2014.[1][4] Emerging from the need to enhance blockchain applications for decentralized, reliable eSignature services, the company quickly gained traction in China's digital economy, securing funding exceeding $50 million from prominent venture capital firms including Tiger Global Management, Matrix Partners, and DCM Ventures.[2][4] Pivotal early moments include building Asia's largest electronic contract network, achieving world-class security certifications, and scaling to support millions of monthly transactions, humanizing its rise through practical solutions for real-world business pain points like contract delivery costs and efficiency.[1][2]
BestSign rides the global wave of digital transformation and contract digitization, amplified in China by rapid e-commerce growth, regulatory pushes for electronic signatures, and blockchain adoption for trustless transactions.[1][2] Timing aligns with post-pandemic remote work and fintech booms, where market forces like cost pressures and data security demands favor cloud platforms over legacy processes. It influences the ecosystem by powering 222 Fortune 500 firms, fostering a vast network that standardizes digital contracts across industries, and enabling sectors like real estate and finance to scale efficiently amid rising transaction volumes.[2][3]
BestSign is poised for expansion as AI-driven contract automation and cross-border eSignatures gain traction, potentially deepening integrations with global partners like AWS and Microsoft while targeting international markets beyond Asia.[2][3] Trends like regulatory harmonization for digital IDs and blockchain interoperability will shape its path, evolving its influence from a regional leader to a global standard-setter in secure contract tech—building on its blockchain roots to redefine transaction trust in an increasingly digital economy.[1][2]
BestSign has raised $68.0M across 2 funding rounds. Most recently, it raised $52.0M Series C in August 2018.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2018 | $52.0M Series C | 5Y Capital | |
| Mar 1, 2018 | $16.0M Series B | 5Y Capital |