eOriginal Secures $16 Million in Second Round of Financing

Strategic Insights -

eOriginal Inc. has announced the completion of its second round of financing, securing a $16 million investment led by Hat Creek Partners, joined by Intel Corporation and The Rosewood Corporation, with an additional $3.5 million from current investors. This funding will support the company's product development, expansion into new markets, and sales outreach efforts. The patented eOriginal process enables the creation of unique, unalterable digital documents, including electronic negotiable instruments, which are essential for legally binding business transactions over the Internet.

Key Takeaways:

  • eOriginal's patented process enables the creation of Electronic Original documents, which are unique, unalterable digital documents, including electronic negotiable instruments.
  • The company has secured a $16 million investment from Hat Creek Partners, Intel Corporation, and The Rosewood Corporation, with an additional $3.5 million from current investors.
  • eOriginal's technology supports the completion of legally binding business transactions over the Internet, revolutionizing the time and cost of doing business.
  • The company is accelerating new product development, increasing sales outreach, and moving into new vertical markets, including financial services, government, and health care.
  • eOriginal's technology has the potential to enable a broader range of electronic transactions, making Intel's vision of a billion trusted, connected computers a reality.

Statistics:

  • $16 million: Amount of investment secured by eOriginal in its second round of financing
  • $3.5 million: Additional investment from current investors
  • 1996: Year eOriginal Inc. was founded
  • 1999: Year eOriginal completed its second round of financing
  • 2: Number of rounds of financing completed by eOriginal
  • 3.5 million: Number of dollars invested by current investors

Sources:

  • eOriginal Inc. (Business Wire, September 1, 1999)
  • Hat Creek Partners (no date)
  • Intel Corporation (no date)
  • The Rosewood Corporation (no date)
  • eOriginal Inc. (http://www.eoriginal.com, no date)