Docuten
A single platform to digitize all the administrative processes through the digital signature, e-invoice and payments.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | €1.2m Valuation: €7.5m 2.1x EV/Revenue | Seed | |
| Total Funding | 000k | ||
| EUR | 2023 | 2024 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 23 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (10 %) | 2 % |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Docuten operates as a Software-as-a-Service (SaaS) platform focused on the complete digitalization of administrative processes for businesses. The company provides a unified solution for digital signatures, electronic invoicing, and payment management, aiming to help clients transition to a paperless environment. Its services cater to a wide range of clients, from small and medium-sized enterprises to large corporations, including those listed on the IBEX35 stock index.
The company's origins trace back to 2009 when founders Brais Méndez and Ángel Aparicio, both with backgrounds in computer science and technology, established Enxendra to simplify complex administrative tasks. Their first product, an e-invoicing platform called HazteUnaFacturaE, launched in 2010. This was followed by the creation of their initial digital signature platform, Signedoc, in 2013. In 2018, these two services were merged to create Docuten. A significant milestone occurred in 2019 with an expansion into the European market, the opening of a London office, and securing €1.5 million in funding. The company is recognized as a Qualified Trust Service Provider (QTSP) under the EU's eIDAS Regulation.
Docuten's business model is based on providing its digital solutions to streamline operations, reduce costs, and ensure legal compliance. The platform offers various types of digital signatures as defined by the eIDAS Regulation, suitable for different business departments like HR and finance. It facilitates the issuance and reception of electronic invoices for both public and private sector clients. The system is designed for integration with existing business software such as ERPs and CRMs through its API, ensuring a seamless workflow. This comprehensive approach allows clients to manage contracts, employee agreements, and invoicing efficiently, thereby increasing productivity and reducing administrative burdens.
Keywords: digital signature, electronic invoicing, administrative digitalization, SaaS, paperless office, eIDAS, Qualified Trust Service Provider, QTSP, contract management, invoice automation, accounts payable, accounts receivable, workflow automation, business process management, document management, legal tech, compliance, API integration, ERP integration, SME solutions, enterprise solutions