What is Pento?
Founded in 2016 by Emil Hagbarth Rasmussen and Jonas Bøgh Larsen, Pento provides a comprehensive, cloud-based payroll automation platform. The company addresses the inherent inefficiencies of traditional payroll systems by offering a user-friendly interface that automates tax calculations, salary disbursements, and compliance reporting. Headquartered in London, Pento serves as a vital tool for businesses aiming to modernize their back-office operations. By leveraging cloud technology, the firm enables organizations to reduce human error and significantly decrease the time spent on payroll management, thereby allowing leadership teams to focus on core business objectives rather than administrative overhead.
How much funding has Pento raised?
Pento has raised a total of $72.4M across 3 funding rounds:
Angel/Seed
$21.8M
Series A
$15.6M
Series B
$35M
Angel/Seed (2019): $21.8M with participation from Mattias Ljungman, Point Nine, and Seedcamp
Series A (2021): $15.6M led by Point Nine, Moonfire Ventures, General Catalyst, Avid Ventures Management, and LocalGlobe
Series B (2021): $35M supported by Avid Ventures and Tiger Global Management
Key Investors in Pento
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
Point Nine
Hi there, welcome to Point Nine. We're a seed-stage venture capital firm focused on B2B SaaS and B2B marketplaces.
Moonfire Ventures
Moonfire Ventures is a venture capital firm that manages a portfolio of early-stage companies across various sectors, including artificial intelligence, fintech, human resources, and healthcare.
What's next for Pento?
With the recent infusion of capital, Pento is well-positioned to accelerate its product development and expand its market footprint. The strategic focus will likely center on deepening its integration capabilities with existing HRIS and accounting software, further cementing its role as an essential component of the enterprise tech stack. As the company scales, it will likely prioritize talent acquisition and geographic expansion to capture a larger share of the global payroll market. The backing from high-profile institutional investors provides not only the necessary liquidity for aggressive growth but also the operational expertise required to navigate the complexities of international payroll compliance and enterprise-level service delivery.
See full Pento company page
