PandaDoc has secured €5 million in funding from Índico Capital Partners. The company achieved unicorn status in 2021, reaching a valuation of over $1 billion.
- Established in 2013 by Mikita Mikado and Serge Barysiuk, PandaDoc develops a document automation platform designed to streamline business workflows.
- The software enables companies to create, manage, track, and electronically sign documents such as proposals, contracts, quotes, and invoices.
- PandaDoc’s platform provides tools for document generation, smart content management, workflow automation, e-signatures, analytics, and payment processing.
- It integrates with CRM, payment, and productivity systems, allowing teams across sales, operations, HR, legal, and finance to handle agreements digitally.
Details of the deal
- The fresh capital was backed by Portuguese VC firm Índico Capital Partners, which has launched a €125 million venture capital fund to invest in early-stage tech companies from Southern Europe, mainly Portugal, Spain, and Italy, as well as ventures from these countries operating internationally.
- PandaDoc will use the €5 million investment from Índico Capital Partners to enhance AI capabilities in its document automation platform and expand its Lisbon hub, strengthening its operations in Europe and supporting growth across proposals, contracts, quotes, invoicing, and payments.
