November Private Market UpdateThe private market one year past the peak - down, not out
November Private Market Update
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.
Pendo does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Pendo will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 7/27/2021 | Series F | $150MM raised | $XXX.XX | $XXX.XX |
| 10/17/2019 | Series E | $100MM raised | $XXX.XX | $XXX.XX |
| 9/12/2018 | Series D | $50MM raised | $XXX.XX | $XXX.XX |
| 7/13/2017 | Series C | $31.5MM raised | $XXX.XX | $XXX.XX |
| 12/12/2016 | Series B | $20MM raised | $XXX.XX | $XXX.XX |
| 10/1/2015 | Series A | $14MM raised | $XXX.XX | $XXX.XX |
