PandaDoc Raises €5 M From Índico Capital Partners

Founded in 2013 by Mikita Mikado (CEO) and Serge Barysiuk (CTO), PandaDoc was initially created to address inefficiencies in document processes, particularly for smaller businesses.

The company later shifted its focus to document automation software, expanding its operations and growing internationally. In September 2021, PandaDoc achieved unicorn status with a valuation exceeding $1 billion.

Today, PandaDoc offers tools for creating, sending, signing, and managing business documents digitally. Its platform supports workflows such as proposals, contracts, quotes, invoicing, and payments, and is used by teams in sales, operations, HR, legal, and revenue to streamline document-related processes.

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PandaDoc integrates with a range of CRM, payment, and productivity tools, aiming to replace manual, paper-based document handling with digital workflows.

The company has an office in Lisbon, which serves as its European hub, making Portugal an important base for its operations.

We're thrilled to partner with Índico Capital Partners as we enter our next chapter of growth. Their deep expertise in AI and track record of scaling technology companies makes them the ideal partner to help us accelerate our AI innovation, said Mikita Mikado, Co-founder and CEO of PandaDoc.

The company stated that the investment will support its next phase of AI-focused product development and team expansion in Lisbon, leveraging Índico Capital Partners’ expertise in artificial intelligence and scaling companies.

About PandaDoc

Founded in 2014 PandaDoc offers a top-rated platform for creating, managing, tracking, and electronically signing documents. The solution streamlines document workflows, helping businesses improve efficiency, enhance collaboration, and simplify the handling of important contracts and agreements.