Pendo was founded in 2013 by Eric Boduch, Erik Troan, Rahu Jain, and Todd Olson. The company has not officially endorsed a plan to participate in an IPO.
Pendo is a product cloud creator for digital products and data-driven teams, providing tools to help teams understand what customers want out of the software they are building. The company has raised approximately $200 million in Venture Capital funding from investors including General Atlantic, Tiger Global Management, Cross Creek, FirstMark Capital, Geodesic Capital, Sapphire Ventures, Meritech Capital Partners, Spark Capital, Battery Ventures, Salesforce Ventures, Contour Venture Partners, and Core Capital Partners. Per company press releases, Pendo last raised $100 million in October 2019 at a post-money valuation of $1 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/27/2021 | Series F | $150MM | $xx.xx | $2.63B | B Capital Group, Silver Lake Waterman, Battery Ventures, Meritech Capital Partners, Sapphire Ventures, General Atlantic, Tiger Global Management, FirstMark Capital, Geodesic Capital, IDEA Fund Partners, Contour Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
12,369,972
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
B Capital Group, Silver Lake Waterman, Battery Ventures, Meritech Capital Partners, Sapphire Ventures, General Atlantic, Tiger Global Management, FirstMark Capital, Geodesic Capital, IDEA Fund Partners, Contour Venture Partners
|
||||||
10/17/2019 | Series E | $100MM | $xx.xx | $1B | Sapphire Ventures, General Atlantic, Tiger Global Management, Battery Ventures, Meritech Capital, FirstMark, Geodesic Capital, Cross Creek Ventures | |
Price per Share
$xx.xx
Shares Outstanding
18,895,163
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sapphire Ventures, General Atlantic, Tiger Global Management, Battery Ventures, Meritech Capital, FirstMark, Geodesic Capital, Cross Creek Ventures
|
||||||
09/12/2018 | Series D | $50MM | $xx.xx | $500MM | Sapphire Ventures, Geodesic Capital, FirstMark Capital, Battery Ventures, Spark Capital, Meritech Capital, Contour Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
16,247,692
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sapphire Ventures, Geodesic Capital, FirstMark Capital, Battery Ventures, Spark Capital, Meritech Capital, Contour Venture Partners
|
||||||
07/13/2017 | Series C | $31.5MM | $xx.xx | $200MM | Meritech Capital Partners, Battery Ventures, Contour Venture Partners, Core Capital Partners, IDEA Fund Partners, Salesforce Ventures, Spark Capital | |
Price per Share
$xx.xx
Shares Outstanding
20,653,024
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Meritech Capital Partners, Battery Ventures, Contour Venture Partners, Core Capital Partners, IDEA Fund Partners, Salesforce Ventures, Spark Capital
|
||||||
12/12/2016 | Series B | $20MM | $xx.xx | $100MM | Spark Capital, Battery Ventures, Contour Venture Partners, Core Capital Partners, IDEA Fund Partners, Salesforce Ventures | |
Price per Share
$xx.xx
Shares Outstanding
22,947,825
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Spark Capital, Battery Ventures, Contour Venture Partners, Core Capital Partners, IDEA Fund Partners, Salesforce Ventures
|
||||||
10/01/2015 | Series A | $14MM | $xx.xx | $23.76MM | Battery Ventures, Core Capital Partners, Contour Venture Partners, Elevate Innovation Partners, IDEA Fund Partners, Salesforce Ventures | |
Price per Share
$xx.xx
Shares Outstanding
50,900,845
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Battery Ventures, Core Capital Partners, Contour Venture Partners, Elevate Innovation Partners, IDEA Fund Partners, Salesforce Ventures
|