What is PandaDoc?
PandaDoc offers a robust sales proposal solution designed to streamline the creation, sending, tracking, and e-signing of proposals and quotes. The platform also equips sales leaders with essential performance tracking and analytics tools. Founded in 2011 and headquartered in San Francisco, California, PandaDoc has evolved into a critical tool for enhancing sales efficiency and effectiveness.
How much funding has PandaDoc raised?
PandaDoc has raised a total of $69.4M across 4 funding rounds:
Angel/Seed
$655K
Series A
$5M
Other Financing Round
$13.8M
Series B
$50M
Angel/Seed (2013): $655K with participation from Altair Capital and Kima Ventures
Series A (2015): $5M led by Altos Ventures and TMT Investments
Other Financing Round (2020): $13.8M, investors not publicly disclosed
Series B (2020): $50M featuring HubSpot, EBRD, One Peak, Altos Ventures, Rembrandt Venture Partners, and Microsoft Ventures
Key Investors in PandaDoc
Kima Ventures
Kima Ventures is a highly active early-stage investor, backing approximately 100 startups annually from pre-seed to seed stages, with a strong portfolio including notable tech companies.
Altos Ventures
Altos Ventures is a Silicon Valley-based venture capital firm specializing in early to growth-stage technology companies, often serving as the first institutional investor.
Microsoft Ventures
Microsoft Ventures is the venture capital arm of Microsoft, investing in emerging technologies and innovative companies that align with Microsoft's strategic interests.
What's next for PandaDoc?
The substantial enterprise-level funding indicates PandaDoc is in a scaling phase, likely focusing on expanding its market reach, enhancing its product suite with advanced features, and potentially exploring strategic acquisitions. This capital infusion will empower the company to further solidify its competitive advantage in the burgeoning sales technology sector, driving innovation and customer acquisition.
See full PandaDoc company page
