PandaDoc has raised $45.7M across 3 funding rounds.
Key people at PandaDoc.
PandaDoc has raised $45.7M in total across 3 funding rounds.
PandaDoc has raised $45.7M in total across 3 funding rounds.
PandaDoc's investors include AngelPad, Bessemer Venture Partners, Fresco Capital, Insight Partners, Rembrandt Venture Partners, Uncork Capital, Ott Kaukver, Todd Pedersen, Geek Ventures.
Key people at PandaDoc.
PandaDoc is a software company that builds a comprehensive document automation platform designed to simplify and accelerate the creation, management, and e-signing of business documents such as proposals, quotes, contracts, and payments. It serves a broad customer base across hundreds of industries, including small and medium-sized businesses, aiming to eliminate inefficiencies in document workflows and help teams focus on growth and relationships. PandaDoc’s platform integrates automation, real-time collaboration, and analytics to make business agreements faster, clearer, and more transparent. The company has demonstrated strong growth momentum, reaching $100 million in annual recurring revenue (ARR) by 2024 and achieving unicorn status with a $1 billion valuation in 2021[1][3][6].
PandaDoc was founded in 2013 in Silicon Valley by Mikita Mikado and Sergey Barysiuk, who initially sought to break free from inefficient paperwork processes they experienced firsthand. The idea emerged from their frustration with the chaotic back-and-forth of emails and attachments in business dealings. Originally evolving from a company called QuoteRoller (launched in 2011), PandaDoc was formally launched in late 2014 and quickly gained traction, growing from a scrappy startup into a global platform trusted by tens of thousands of companies. Early funding rounds included seed and Series A investments that fueled rapid expansion and product development[1][4][5].
PandaDoc rides the growing trend of digital transformation and workflow automation, particularly in the realm of contract lifecycle management and sales enablement. The timing is favorable due to increasing demand for remote collaboration tools, paperless processes, and integrated SaaS platforms that reduce administrative burdens. Market forces such as the rise of cloud computing, e-signature legality, and the need for faster sales cycles work in PandaDoc’s favor. By simplifying complex document workflows, PandaDoc influences the broader ecosystem by enabling businesses to operate more efficiently and transparently, fostering trust and accelerating revenue generation[1][3][5].
Looking ahead, PandaDoc is poised to deepen its market penetration by expanding its product suite and integrations, further automating the sales and contract processes. Trends such as AI-driven document generation, enhanced analytics, and broader ecosystem connectivity will likely shape its journey. As businesses increasingly prioritize agility and digital-first operations, PandaDoc’s influence as a key enabler of streamlined workflows and trust-building in business interactions is expected to grow. Its commitment to innovation and customer-centric solutions positions it well to maintain leadership in the document automation space[1][3].
PandaDoc has raised $45.7M across 3 funding rounds. Most recently, it raised $30.0M Series B in August 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2020 | $30.0M Series B | AngelPad, Bessemer Venture Partners, Fresco Capital, Insight Partners, Rembrandt Venture Partners, Uncork Capital, Ott Kaukver | |
| May 1, 2017 | $15.0M Series B | AngelPad, Bessemer Venture Partners, Fresco Capital, Insight Partners, Rembrandt Venture Partners, Uncork Capital, Ott Kaukver, Todd Pedersen | |
| May 1, 2013 | $660K Seed | Geek Ventures |
