PandaDoc has raised funding from Índico Capital Partners to advance AI features and grow its Lisbon hub, supporting its document automation platform for quotes, contracts, and invoicing.
Document automation company PandaDoc has raised €5 million from Índico Capital Partners. Founded in 2013 by Mikita Mikado (CEO) and Serge Barysiuk (CTO), PandaDoc began in response to inefficiencies in document processes, particularly for smaller businesses. It later shifted its focus to document automation software, expanded its operations, and grew internationally. In September 2021, PandaDoc reached unicorn status with a valuation of more than $1 billion.
Today, PandaDoc provides 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 including sales, operations, HR, legal, and revenue to streamline document-related processes.
PandaDoc integrates with a range of CRM, payment, and productivity tools and is designed to replace manual, paper-based document handling with digital workflows.
PandaDoc has an office in Lisbon that serves as a European hub for the company, 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 said the investment will support its next phase of AI-focused product development and team growth in Lisbon, drawing on Índico Capital Partners’ experience in artificial intelligence and scaling companies.