How Much Did PandaDoc Raise? Headquarters, Funding & Key Investors

PandaDoc, founded in 2011 in San Francisco, has raised approximately $69.8 million (reported) across multiple rounds, achieving a $1 billion valuation as of September 2021. Major funding rounds include Series A ($5 M, July 2015), Series B ($15 M, May 2017), Series B extension ($30 M, August 2020) and a Series C at unicorn status led by OMERS Growth and G Squared. Backed by top investors such as Altos Ventures, Rembrandt Venture Partners, One Peak, PandaDoc offers a document workflow automation platform that enables sending, receiving, annotating, signing, and tracking digital documents for sales teams worldwide.

How Much Did PandaDoc Raise? Funding & Key Investors

PandaDoc is a document workflow automation and management platform that helps businesses create, deliver, sign, and track proposals, contracts, and other sales documents. Founded in 2011 by Eugene Nevgen, Mikita Mikado, and Sergey Barysiuk, it is headquartered in San Francisco, United States, with a team of about 181 employees (as of Dec 2023). The platform integrates with tools like HubSpot, PayPal, Stripe, and Dropbox, offering features such as e-signatures, real-time annotations, version control, and document analytics to streamline sales workflows.

What Is PandaDoc and What Does It Do?

Founded in 2011 in San Francisco, United States, PandaDoc provides a comprehensive SaaS platform for document creation, e-signatures, workflow automation, and tracking. With a team of roughly 181 employees, the company enables sales teams and enterprises to automate proposals, contracts, and quotes, integrating with CRM, payment, and document storage systems to enhance speed, compliance, and insight in their document-based processes.

How Much Funding Has PandaDoc Raised?

Seed Round

Amount Raised: $655K
Date: May 2013
Motivation: To develop the initial product and enter the market.

Seed Round

Amount Raised: $400K
Date: July 2014
Motivation: To further product development and early customer acquisition.

Series A

Amount Raised: $5M
Date: July 2015
Lead Investors: Altos Ventures
Motivation: To scale operations and expand the team.

Series B

Amount Raised: $15M
Date: May 2017
Lead Investors: Rembrandt Venture Partners
Motivation: To enhance product features and increase market penetration.

Series B (Extension)

Amount Raised: $30M
Date: August 2020
Lead Investors: One Peak (and others)
Motivation: To accelerate growth and expand into new markets.

Total Funding Raised: $69.8 Million

Current Valuation: $1 Billion (as of Sep 2021)

Latest Funding Date: Sept 2021

Key Investors

OMERS Growth Equity

Details: Growth-equity arm of Canada’s OMERS pension fund.
Investment Focus Areas: Technology and high-growth companies.
Notable Investments: Shopify, PandaDoc.

G Squared

Details: Venture/ growth-stage fund investing in tech companies.
Investment Focus Areas: Technology, digital media.
Notable Investments: Lyft, Spotify, PandaDoc.

Altos Ventures

Details: Early‐stage venture firm focusing on software and the internet.
Investment Focus Areas: SaaS, consumer internet.
Notable Investments: Roblox, PandaDoc.

Rembrandt Venture Partners

Details: Venture firm investing in enterprise software and SaaS.
Investment Focus Areas: Early/mid-stage enterprise software.
Notable Investments: AppDynamics, Cloudera, PandaDoc.

One Peak Partners

Details: Growth equity firm investing in European software companies.
Investment Focus Areas: Software, internet, services.
Notable Investments: HighQ, Neo4j, PandaDoc.

Where Is PandaDoc’s Headquarters?

PandaDoc is headquartered in San Francisco, California, United States, offering strategic access to Silicon Valley investor networks, enterprise customers, and technology talent.

What’s Next for PandaDoc?

PandaDoc is preparing to deepen its global expansion, particularly across Europe and North America, while evolving its platform beyond e-signatures toward full document-workflow automation, configure-price-quote (CPQ) solutions, and embedded document APIs. With an estimated $100M ARR reported in 2024 and an ambition to enhance developer tools and integrations, the company is positioning itself as a central hub for sales document workflows.

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