United States · Series B startup

Who invested in PandaDoc

5 rounds we have observed, with the 9 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AIFintechGenerative AIRobotics

Raised 10 months agoValuation: $1.0B, Mar 2026

Funding summaryUpdated 26 Oct 2026

$27Mraised across 5 rounds since 2013, from 5 sources

$655KSeed$400KSeed$5.0MSeries A$15MSeries B$5.9MRound
Latest round
Round, $5.9MDec 2025
Led by
645 Ventures
Biggest round
$15MSeries B · May 2017
Investors
9 (1 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2013201520172019202120232025
$655KSeed$400KSeed$5.0MSeries A$15MSeries B$5.9MRound
First round
Seed, $655K
Mar 2013
Biggest round
$15M
Series B · May 2017
Usual gap between rounds
23 months
the median of 4

The rounds

  1. Dec 2025
  2. May 2017
    Series B$15M4 new

    Reported by FinSMEs

  3. Jul 2015
    Series A$5.0M2 new

    From a historical funding record

  4. Jul 2014
    Seed$400K

    No investor was named in the report.

    From a historical funding record

  5. Mar 2013
    Seed$655K1 new

    From a historical funding record

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Kima VenturesVC firm2rounds
Altos VenturesVC firm2rounds
645 VenturesVC firm1round, led 1
TMT InvestmentsVC firm1round
HubSpot VenturesCorporate VC1round
Indico Capital PartnersAccelerator1round
AltosGrowth equity1round
Rembrandt Venture Partners/ Microsoftno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 8 firms list PandaDoc as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Rembrandt Venture PartnersVC firmPer its own site
AltaIR CapitalVC firmPer its own site
Savano Capital PartnersVC firmPer its own site
ConduitAcceleratorPer its own site
IMAGURU Startup HubAcceleratorPer its own site
NovaViaInvestment firmPer its own site
bratte.comVenture studioPer its own site

Quick answers about PandaDoc

Who invested in PandaDoc?

PandaDoc's investors include Kima Ventures, Altos Ventures, 645 Ventures, European Bank for Reconstruction and Development and TMT Investments, and 4 more on record. 645 Ventures led its latest round.

How much has PandaDoc raised?

PandaDoc has raised $27M across 5 rounds since 2013.

When did PandaDoc last raise?

PandaDoc's most recent round, $5.9M, was in Dec 2025, led by 645 Ventures.

What was PandaDoc's biggest round?

PandaDoc's largest round on record is $15M (Series B), in May 2017.

Who backed PandaDoc first?

PandaDoc's first round on record, in Mar 2013, was backed by Kima Ventures.

What stage is PandaDoc at?

PandaDoc's latest named round is a Series B, in May 2017.

Where is PandaDoc based?

PandaDoc is based in the United States.

Who led PandaDoc's rounds?

645 Ventures led the funding round in 2025.

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