How many total Digital Transaction Management companies are there?

As of May 2025, there are 4,311 active companies in Digital Transaction Management sector.

Which countries have the most Digital Transaction Management companies?

United States (1,506) has the highest number of Digital Transaction Management companies, followed by India (442) and United Kingdom (345).

How many Digital Transaction Management companies are funded?

As of May 2025, 987 companies in this sector have received funding.

Which country has attracted the most investment in Digital Transaction Management companies?

With $5.93B in total funding, United States has attracted the most investment among Digital Transaction Management companies.

How many unicorns has Digital Transaction Management sector produced?

Globally, there are 8 unicorns in Digital Transaction Management sector, to date.

Digital Transaction Management - 2025 Market & Investments Trends - Tracxn

Q: Who are the top investors in Digital Transaction Management companies?

The top investors in Digital Transaction Management companies by number of investments are European Union, Y Combinator and Insight Partners

Companies included in Digital Transaction Management sector

Companies providing DTM solutions such as e-signatures, workflow automation, document management, security, etc

Companies excluded in Digital Transaction Management sector

Companies offering business audit software, document digitization & archival services, workflow automation services, resellers, e-signature services.

Key Metrics

Total Companies

5.11K

Top Companies

Adobe, DocuSign & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

324

Also known as

Electronic Transaction Management

The market map of Digital Transaction Management gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution. Top 3 trending business models in Digital Transaction Management sector are Enterprise Document Management, Workflow Automation and Electronic Signature.

Recent BlueBox/Industry Definition image of Digital Transaction Management

Here are some reports related to Digital Transaction Management sector:

Free

Digital Transaction Management - Sector Report

Edition: March, 2025 (78 Pages)

Premium

Digital Transaction Management Investor Landscape

Edition: May, 2025 (12 Pages)

Premium

Digital Transaction Management Exit Landscape

Edition: May, 2025 (15 Pages)

View all reports related to Digital Transaction Management. Sign up today!

There are more than 5.11K companies in Digital Transaction Management. Adobe is the top Digital Transaction Management company globally, ranked using Tracxn Score (what's this?).

Here are 5 of the top Digital Transaction Management companies globally

Company	Location	Founded	Current Stage	Private Funding Raised
Adobe	San Jose, United States	1982	Public	-
DocuSign	San Francisco, United States	2003	Public	$520M
Box	Redwood City, United States	2005	Public	$693M
Confluent	Mountain View, United States	2014	Public	$456M
Conga	Broomfield, United States	2006	Acquired	$140M

Get a longer list of companies

Companies founded year-on-year in the Digital Transaction Management sector

662 Digital Transaction Management startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No of companies founded
2025	-
2024	74
2023	156
2022	184
2021	415
2020	662
2019	444
2018	377
2017	330
2016	227

Companies founded across countries in the Digital Transaction Management sector

United States has 1,506 Digital Transaction Management startups, the most by any country, followed by India which has 442 startups and United Kingdom which has 345.

Total Number of Companies

Country	No of companies founded
United States	1,506
India	442
United Kingdom	345
Germany	269
Australia	179
Canada	178
France	138
Netherlands	118
Brazil	89
Spain	87

Stage-wise distribution of the Digital Transaction Management sector

Out of the total 5,109 Digital Transaction Management companies, 987 have secured funding. Among them, 534 have reached Series A or higher, and 432 to Series B or beyond.

Stage

#Companies

Founded

5,109

Funded

987

Series A+

534

Series B+

432

Series C+

386

Company Stage	No. of companies
Founded	5,109
Funded	987
Series A+	534
Series B+	432
Series C+	386

Want to know more about Digital Transaction Management ? Signup and explore Tracxn for free

5.1K+ Total Companies
$12.5B+ Total Funding
985+ Funded Companies
25+ IPOs
320+ Acquisitions
5+ Reports

Total funding year-on-year in the Digital Transaction Management sector

The Digital Transaction Management sector saw a total funding of more than $9.87B in the last 10 years. The most amount of funding was in 2021 at more than $3.11B. There has been a total funding of $224M in 2025 till date.

Total Funding

Year	Total Funding
2025	$224M
2024	$772M
2023	$643M
2022	$1.33B
2021	$3.11B
2020	$1.07B
2019	$941M
2018	$551M
2017	$555M
2016	$673M

Total funding across countries in the Digital Transaction Management sector

In the last 10 years, Digital Transaction Management startups in United States have recieved the highest funding among all countries - $5.93B. China follows with $870M and India with $424M.

Total Funding

Country	Total Funding
United States	$5.93B
China	$870M
India	$424M
United Kingdom	$418M
Denmark	$306M
Canada	$244M
Germany	$210M
France	$193M
Israel	$192M
Spain	$191M

Total funding amount raised by stage in the Digital Transaction Management sector

Over the last 10 years, the Digital Transaction Management sector have seen $752M into Seed Stage funding rounds, $3.83B into Early Stage funding rounds and $3.42B go into Late Stage funding rounds.

Funding Stage	Total Funding
Early Stage	$3.83B
Late Stage	$3.42B
Post IPO	$898M
Seed Stage	$752M
Debt	$208M
PE	$126M
ICO	$114M
Grant	$30.9M

Recent Funding Rounds in Digital Transaction Management

In the year 2025, till March 2025, Digital Transaction Management companies have raised $224M in equity funding across 11 rounds. In the same period last year (i.e. till March 2024), Digital Transaction Management companies had raised $134M across 23 rounds. So, 2025 has seen a 66.62% rise in funding in Digital Transaction Management companies as compared to 2024.

Here are some recent, important funding rounds in Digital Transaction Management

Company	Round Raised	Amount Raised	Funding Date	Investors
Tomorro	Series B	€25M	Mar 31, 2025	XAnge and 6 more
Kay	Seed	$3M	Mar 28, 2025	Wing Venture Capital and 2 more
Lazarus Forms	Seed	Undisclosed	Mar 26, 2025	AllegisNL Capital
N8n	Series B	€55M	Mar 24, 2025	Highland Europe and 4 more
CogniQuest	Seed	$1.2M	Feb 10, 2025	Dexter Ventures and 10 more

See a more detailed list of funding rounds

European Union is the top investor in Digital Transaction Management companies based on number of companies invested.

Here are some top investors in Digital Transaction Management

Investor	Location	Top Portfolio Companies
European Union	Brussels, Belgium	Signaturit, Penneo, Iris.Ai, InfoCert
Y Combinator	Mountain View, United States	Nanonets, HelloSign, Taskade, QueryPie
Insight Partners	New York City, United States	DocuSign, Conga, Pipefy, Templafy
Techstars	New York City, United States	Azuqua, Ninox, Cinchy, TransCrypts
Salesforce Ventures	San Francisco, United States	DocuSign, Box, Conga, Workato

See a more detailed list of investors

In the year 2025, till March 2025, 2 acquisitions happened in Digital Transaction Management sector. Last year, in 2024, a total of 41 acquisitions happened in Digital Transaction Management sector.

Here are some recent, important acquisitions in Digital Transaction Management

Company	Acquisition Type	Acquisition Date	Acquirers
Castor	Business Acquisition	Mar 19, 2025	Coalesce
Sertifi	Business Acquisition	Feb 25, 2025	Flywire
Cott Systems	Business Acquisition	Dec 20, 2024	Valsoft
JobRouter	Business Acquisition	Dec 05, 2024	Aptean
Penneo	Business Acquisition	Dec 02, 2024	Visma

See a more detailed list of acquisitions

Acquisition trends in Digital Transaction Management

Here are the acquisition trends in Digital Transaction Management:

Total Number of Acquisitions

Year	Number of companies acquisition
2025	2
2024	41
2023	34
2022	50
2021	48
2020	19
2019	26
2018	27
2017	15
2016	6

In the year 2024, till November 2024, 1 IPO happened in Digital Transaction Management sector.

Here are some recent, important IPOs in Digital Transaction Management

Investor	IPO Date	Exchange Symbol
Synapsoft	Nov 19, 2024	Korea Exchange (KRX)
Adobe	Nov 17, 2023	Borsa Italiana (BIT)
EMudhra	Jun 01, 2022	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
Confluent	Jun 24, 2021	National Association of Securities Dealers Automated Quotations (NASDAQ)
Penneo	Jun 04, 2020	Nasdaq First North (FIRST NORTH NORWAY)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Digital Transaction Management sector

Most number of Digital Transaction Management startups have been founded by alumni from Stanford University, University of California (Berkeley) and Columbia University.

College	No of companies
Stanford University	22
University of California (Berkeley)	22
Columbia University	18
Harvard University	17
Carnegie Mellon University	13
Massachusetts Institute of Technology	12
Duke University	10
IIT Bombay	10
University of Cambridge	10
Cornell University	9

Total funding in companies founded by alumni from top colleges in the the Digital Transaction Management sector

In the last 10 years, Duke University graduates' Digital Transaction Management companies have raised the most funding among top colleges. University of California (Los Angeles) alumni are second, and Stanford University alumni are third.

College	Total Funding
Duke University	$2.11B
University of California (Los Angeles)	$1.6B
Stanford University	$554M
Columbia University	$491M
University of California (Berkeley)	$202M
Stanford Business School	$153M
Harvard University	$105M
University of Haifa	$85M
BITS Pilani	$72M
Imperial College London	$66.5M