PandaDoc Celebrates Milestone Achievement of $100 Million in Annual Recurring Revenue

With Growing Market Share, Software Provider Will Continue to Empower Small Businesses Worldwide

SAN FRANCISCO--(BUSINESS WIRE)--PandaDoc, the leading all-in-one document workflow automation platform, is thrilled to announce that it has achieved a significant milestone of $100 million in Annual Recurring Revenue (ARR).

Since its founding in 2013, PandaDoc has been on a mission to streamline business workflows, enhance efficiency, and drive growth through a comprehensive suite of tools for creating, managing, and eSigning digital documents. To date, PandaDoc has empowered over 56,000 customers to transform the way they create, share, and organize documents. The company’s relentless focus on innovation and customer satisfaction has been the cornerstone of its success.

Mikita Mikado, PandaDoc’s Co-founder and CEO said, “We are incredibly proud to reach this monumental milestone of $100 million in ARR. This achievement is a testament to the trust and support of our customers and the dedication of the entire PandaDoc team. We remain committed to supporting small businesses and helping them succeed by eliminating workflow inefficiencies and bureaucracy. Our journey has been fueled by the passion and hard work of our team, and we look forward to continuing our mission to revolutionize document management for businesses worldwide.”

Recent Innovations and Milestones

PandaDoc’s rapid growth can be attributed to its continuous innovation and expansion of product offerings. In May 2024, PandaDoc launched its latest feature, Rooms, an integrated digital space designed to enhance the sales process by improving document sharing, stakeholder management, communication with prospects, and payments. This feature is part of PandaDoc’s broader strategy to provide comprehensive solutions that optimize the sales cycle and enhance collaboration.

Looking Ahead

As PandaDoc celebrates this significant milestone, the company remains focused on its vision to build the most intuitive platform for automating agreements, transactions, and document-driven workflows – including an upcoming expansion of its popular proposals and quoting product into a full CPQ solution. With the ongoing support of its venture partners, including Altos Ventures, Rembrandt Venture Partners, One Peak Partners, OMERS and others, PandaDoc is well-positioned for continued growth and innovation.

For more information about PandaDoc and its offerings, please visit www.pandadoc.com.

About PandaDoc Since its inception in 2013, PandaDoc has been dedicated to enabling the success of burgeoning enterprises by revolutionizing document workflows. Offering a comprehensive document automation platform featuring cutting-edge eSignature capabilities, PandaDoc empowers agile teams to streamline the creation, management, and signing of digital documents, spanning proposals, quotes, contracts, payments, and beyond. With over 56,000 satisfied customers leveraging PandaDoc to enhance document workflows, insights, and efficiency, the company is committed to delivering an exceptional user experience. PandaDoc enjoys the support of prominent venture firms and corporate investors such as OMERS Growth Equity, G-Squared, Altos Ventures, Rembrandt Venture Partners, and One Peak Partners. Proudly embracing a remote-first approach, PandaDoc has more than 700 employees globally and is hiring. For more information, please visit www.pandadoc.com.