PandaDoc Raises $150M in Series D
PandaDoc has successfully raised $150M in a Series D at a $1B valuation led by ICONIQ Growth, e.ventures, Altos Ventures, Microsoft's M12.
Company Overview
PandaDoc is a SaaS company headquartered in 201 Spear Street, San Francisco, CA 94105, founded in 2011 with 700+ employees.
Document automation software
Fundraising Details
- Amount Raised: $150M
- Round Type: Series D
- Valuation: $1B
- Date: 2024-05-09
- Investors: ICONIQ Growth, e.ventures, Altos Ventures, Microsoft's M12
About PandaDoc
Document automation software The company is positioned in the SaaS sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 201 Spear Street, San Francisco, CA 94105
- Founded: 2011
- Team Size: 700+
- Industry: SaaS
What This Means
This funding round demonstrates strong investor confidence in PandaDoc's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The SaaS sector continues to attract significant investment as companies innovate to meet evolving market demands. PandaDoc's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for PandaDoc, positioning the company among notable players in the SaaS industry.
Looking Ahead
With this new capital, PandaDoc is well-positioned to execute on its growth strategy and continue building innovative solutions in the SaaS space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-05-09. For more information about PandaDoc, visit their headquarters at 201 Spear Street, San Francisco, CA 94105.
