Scrive — one of Europe’s leading providers of electronic signature and identity solutions, with more than 3,000 customers across 30 countries — enters partnership with leading growth investor Vitruvian Partners to accelerate its growth in Europe and to further expand its product offering.
Stockholm, 8 June 2020
Scrive, one of Europe’s leading electronic signature and identity solutions has entered a partnership with international investment firm Vitruvian Partners. The new capital provided will fuel Scrive’s continued expansion across Europe and support further development of its e-sign and eID platform to drive agreements-based business processes, emphasising security, data quality and customer experience. Scrive’s solutions offer seamless onboarding experiences for customers, employees and partners within all industries, with solutions tailored to telco, automotive, real estate and banking and finance. With customers like Avis, DNB, Fabege, Volkswagen and Telenor, Scrive is well positioned to continue developing its rapidly expanding presence across the Nordics, the UK, Germany and the Benelux region.
Founded in 2010 and headquartered in Stockholm, Scrive has over 100 employees, local offices in the Netherlands, Norway and Denmark, and customers in more than 30 countries. Over 20 million documents are processed on the platform each year.
Vitruvian Partners, which has previously backed numerous Nordic champions that have become international success stories, including Benify, CRF Health, EasyPark and Snow Software, is a London-based international investment firm with more than 100 professionals in six countries with a focus on market-leading high-growth companies. In parallel with the capital raise to finance further growth and expansion in Europe, Vitruvian has together with management acquired all outstanding shares of the company from non-active shareholders.
The investment will facilitate Scrive’s ambitious growth plans for the next years. With its solid infrastructure and growing product portfolio, Scrive will further expand its European presence with local offices in new markets in order to serve local customers ranging from SMEs to large enterprises.
“This is more than an investment”, says Scrive CEO Viktor Wrede. “Having Vitruvian alongside management as a supportive new owner gives us a great backing to execute our plan of becoming a pan-European leader within the e-signing and e-identification industry. We are now ideally positioned to accelerate our performance in both product development and revenue growth.”
Jussi Wuoristo, Partner at Vitruvian Partners, added: “Driven by a clear value proposition and a relentless focus on leveraging its technology to simplify and automate electronic identification, Scrive has managed to create a loyal and rapidly expanding international customer base across industries. We believe Scrive is well positioned to continue its expansion in the Nordics and across Europe. We are excited to partner with the Scrive team and look forward to working together to drive the next phase of the Company’s development.”
A leader in digitalisation since 2010, Scrive’s cloud-based platform provides agreement lifecycle automation powered by electronic signatures and identification solutions. More than 3,000 customers worldwide rely on Scrive to sign agreements with and identify their own customers and partners, driving security, compliance, data quality and customer experience. Scrive is headquartered in Stockholm and has over 100 employees.
About Vitruvian Partners
Vitruvian is an independent growth capital firm headquartered in London with further offices in Stockholm, Munich, Luxembourg, San Francisco and Shanghai. Vitruvian focuses on dynamic situations characterised by rapid growth and change across industries spanning information technology, financial services, life sciences & healthcare, media, and business and consumer services. Vitruvian Funds have backed over 45 companies and have assets under management of approximately €5 billion, which is among the largest pools of capital in Europe supporting innovative and higher growth companies. Notable investments to date include global market leaders in their field such as Just Eat, Farfetch, CRF Health, Marqeta, TransferWise, Skyscanner and others. Vitruvian has a strong presence in the Nordics with an established office in Stockholm and ten investments across the region: Accountor, Benify, CRF Health, EasyPark, Just Eat, Scrive, Snow Software, Storytel, Trustpilot and Unifaun. More information can be found at: www.vitruvianpartners.com.