PandaDoc

{{Short description|American software company}}

{{Infobox website

| name = PandaDoc

| logo = 250px

| type = Private

| traded_as =

| industry = SaaS

| locations = 4

| founded = {{Start date and age|2013}}

| founder = Mikita Mikado, CEO
Sergey Barysiuk, CTO

| location = San Francisco, California

| key_people =

| products =

| services =

| revenue ={{increase}} $100 million {{cite web | url=https://www.pandadoc.com/press/pandadoc-celebrates-milestone-achievement-of-100-million-arr/#:~:text=About%20PandaDoc,-Since%20its%20inception&text=PandaDoc%20enjoys%20the%20support%20of,employees%20globally%20and%20is%20hiring | title=PandaDoc Celebrates Milestone Achievement of $100 Million in Annual Recurring Revenue | date=27 August 2024 }}

| operating_income =

| net_income =

| assets =

| equity =

| owner = PandaDoc, Inc.

| num_employees =700{{cite web | url=https://www.pandadoc.com/press/pandadoc-celebrates-milestone-achievement-of-100-million-arr/#:~:text=About%20PandaDoc,-Since%20its%20inception&text=PandaDoc%20enjoys%20the%20support%20of,employees%20globally%20and%20is%20hiring | title=PandaDoc Celebrates Milestone Achievement of $100 Million in Annual Recurring Revenue | date=27 August 2024 }}

| subsid =

| homepage = {{URL|https://www.pandadoc.com/}}

}}

PandaDoc is an American software company that provides SaaS software. The platform provides sales processes software. PandaDoc is based in San Francisco, California{{Cite news|title=Why Microsoft and HubSpot Invested in PandaDoc|language=en-US|work=CMSC|url=http://www.cms-connected.com/News-Archive/May-2017/Why-Microsoft-and-HubSpot-Invested-in-PandaDoc|access-date=2017-05-29}}{{Cite news|last=Smilansky|first=Oren|date=2017-08-28|title=The 2017 CRM Market Rising Stars: PandaDoc|work=CRM Magazine|url=http://www.destinationcrm.com/Articles/Editorial/Magazine-Features/The-2017-CRM-Market-Rising-Stars-PandaDoc-120138.aspx|access-date=2017-12-10}} with main offices in St. Petersburg, Florida.{{Cite news|title=PandaDoc St. Petersburg Grand Opening|language=en-US|work=Eventbrite|url=https://www.eventbrite.com/e/pandadoc-st-petersburg-grand-opening-tickets-39497016640#|access-date=2017-11-16}} PandaDoc is document automation software as a service with built-in electronic signatures, workflow management, a document builder, and CPQ functionality.{{cite web |title=PandaDoc Is Your One-Stop Shop For Going Paperless At The Office |website=Business Insider |archive-url=https://web.archive.org/web/20170531223151/https://www.businessinsider.com/pandadoc-2014-2 |archive-date=2017-05-31 |url-status=live |url=http://www.businessinsider.com/pandadoc-2014-2}} Some Belarusian-born employees of the company were persecuted in Belarus for participating in 2020 Belarusian protests.

History

In 2011, the company was founded by Mikita Mikado and Sergey Barysiuk in Minsk, Belarus.{{Cite web |last=Manning |first=Margie |date=2017-11-01 |title=How a dinner helped woo a San Francisco tech company and 100 jobs to St. Petersburg |url=https://www.bizjournals.com/tampabay/news/2017/11/01/how-a-dinner-helped-woo-a-san-francisco-tech.html |access-date=2023-01-04 |website=www.bizjournals.com}} In 2014, company headquarters were moved to Silicon Valley. Mikado and Barysiuk initially created Quote Roller in 2011. In 2017, the company opened an office in St. Petersburg, Florida.{{Cite news|url=http://goaleurope.com/2013/05/13/two-years-down-the-road-belarusian-quote-roller-raises-500k-euros/|title=Two Years Down the Road Belarusian Quote Roller Raises 500K Euros|work=GoalEurope|access-date=2013-05-13|language=en-US}}{{Cite news|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=238689598|title=Company Overview of Quote Roller, Inc.|work=Bloomberg L.P.|access-date=2017-05-23|language=en-US}}{{Cite web |date=2017-11-02 |title=San Francisco-based document automation company adds St. Petersburg office |url=https://www.tampabay.com/news/business/San-Francisco-based-document-automation-company-adds-St-Petersburg-office_162253210/ |access-date=2023-01-04 |website=Tampa Bay Times |language=en}}

In 2015 company raised $5M in Series A, led by Altos Ventures. PandaDoc closed two Series B fundings, B1 in May 2017 with $15M, and B2 in August 2018 worth $30 million led by One Peak Partners.{{Cite news|url=https://www.thetechbulletin.com/pandadoc-raises-5-million-26914/|title=PandaDoc Raises $5 Million in Series A Funding|work=The Tech Bulletin Inc.|access-date=2015-07-10|language=en-US}}{{Cite news|url=https://techcrunch.com/2017/05/23/pandadoc-scores-15-million-investment-to-drive-rapid-expansion/|title=PandaDoc Scores $15 Million Investment to Drive Expansion|work=TechCrunch|date=2017-05-23|access-date=2017-05-23|language=en-US}} In September 2021, PandaDoc closed a Series C with a $1 billion valuation,{{cite web|title=PandaDoc, the e-document startup, now valued at $1B as it closes a big Series C |url=https://techcrunch.com/2021/09/22/pandadoc-the-e-document-startup-now-valued-at-1b-as-it-closes-a-big-series-c/|work=TechCrunch|first=Ingrid |last=Lunden|date=2021-09-22|accessdate=2021-09-25}} thus becoming the first Belarus-originated unicorn.{{cite web|title=PandaDoc с фаундерами-беларусами привлёк инвестиции и стал единорогом|url=https://dev.by/news/pandadoc-osnovannyi-belarusami-stal-edinorogom|work=dev.by|date=2021-09-22|accessdate=2021-09-25|language=ru}}{{Cite web |last=Coffey |first=Lauren |date=2021-09-22 |title=PandaDoc, a San Francisco company with a major St. Pete presence, hits $1B 'unicorn' status |url=https://www.bizjournals.com/tampabay/news/2021/09/22/pandadoc-hits-1-billion-unicorn-status.html |access-date=2023-01-04 |website=www.bizjournals.com}}

Software

PandaDoc proposal and contract software is a SaaS product for sales processes.{{Cite news|url=https://www.pcmag.com/business/directory/electronic-signature/1273-pandadoc|title=Improve Sales with PandaDoc Document Management|work=PCMag|access-date=2016-05-25|language=en-US}}

= Features =

PandaDoc includes features to create, track and execute documents, as well as functionality for electronic signatures.{{Cite news|url=https://globenewswire.com/news-release/2017/05/23/995206/0/en/PandaDoc-Closes-15-Million-Series-B-backed-by-Rembrandt-Microsoft-Ventures-HubSpot-and-Altos.html|title=PandaDoc Closes $15 Million Series B, backed by Rembrandt, Microsoft Ventures, HubSpot and Altos|work=GlobeNewswire|access-date=2017-05-23|language=en-US}} It consists of features in the following categories: proposals, quotes, team management, content management, branding, tracking, workflow, productivity, etc.{{Cite news|url=https://www.pandadoc.com/features/|title=Features - PandaDoc|work=PandaDoc|access-date=2017-04-17|language=en-US}} It integrates with several CRMs, as well as ERP, payment, cloud storage, and other systems.{{Cite news|url=http://www.destinationcrm.com/Articles/CRM-News/CRM-Across-the-Wire/PandaDoc-Expands-Integrations-120015.aspx|title=PandaDoc Expands Integrations|work=Destination CRM|access-date=2017-08-18|language=en-US}}

Political activity

During 2020–21 Belarusian protests that followed rigged elections, PandaDoc founders offered financial aid and professional retraining (in the tech industry) to the police officers who had lost their jobs because of refusing to illegally suppress protesters.{{Cite web|title=PandaDoc employees arrested in Belarus after founders protest against Lukashenko regime|url=https://techcrunch.com/2020/09/05/pandadoc-employees-arrested-in-belarus-after-founders-protest-against-lukashenko-regime/|date=2020-09-05|access-date=2020-09-06|work=TechCrunch|language=en-US}} In retaliation, on September 2, 2020, the Minsk office was raided by the authorities,{{cite web

|author=

|language =en

|url = https://www.reuters.com/article/us-belarus-election-raid-idUSKBN25T1GB

|title =Belarusian authorities raid Minsk office of PandaDoc software-maker: CEO

|publisher = Reuters

|date = 2020-09-02

|accessdate = 2022-05-27

}} more than a hundred employees were questioned, 7 were detained. A criminal case was opened against four of them.{{cite web

|language = en

|url =https://belsat.eu/en/news/25-08-2021-investigative-committee-closes-criminal-case-against-four-pandadoc-employees |title =Investigative Committee closes criminal case against four PandaDoc employees

|publisher = Belsat EU

|date = 2021-08-25

|accessdate = 2022-01-28}} Three of the arrested were conditionally released later that autumn; the last remaining person under arrest, product manager Victor Kunshinov, was released in August 2021. He spent more than 1 year in prison.{{cite web

|language = en

|url =https://meduza.io/en/news/2021/08/30/belarusian-authorities-drop-fraud-case-against-it-company-pandadoc |title =Belarusian authorities drop fraud case against IT company 'PandaDoc'

|publisher =Meduza

|date = 2021-08-30

|accessdate = 2022-01-28}}{{cite web

|author=Isachenko, A.

|language = ru

|url =https://www.bbc.com/russian/features-54167031

|title =Протесты в Беларуси: глава PandaDoc Микита Микадо - об арестах своих сотрудников, исходе IT-сектора из страны и закрытии проекта помощи бывшим ОМОНовцам

|trans-title=Protests in Belarus: PandaDoc head Mikita Mikado on the arrests of his employees, the exodus of the IT sector from the country and the closure of a project to help former riot police

|publisher = BBC

|date =2020-09-15

|accessdate = 2023-02-28}} On 31 August 2021, the authorities of Belarus announced that the case against PandaDoc was closed after the defendants admitted their guilt and compensated the alleged damage.{{cite web|title=Дело PandaDoc закрыто, но остались вопросы. Вот они|url=https://dev.by/news/delo-pandadoc-questions|work=dev.by|date=2021-08-31|accessdate=2021-09-25|language =ru}}

In 2021-22, the company’s office in Minsk was liquidated, the staff was relocated to Portugal, Poland, the Philippines, and Kyiv.{{cite web

|author=Daryna Antoniuk

|language = en

|url =https://www.kyivpost.com/post/7465 |title =Belarusian startup that moved to Ukraine becomes self-declared 'unicorn' with $1 billion valuation

|publisher = Kyiv Post

|date = 2021-09-24

|accessdate = 2022-01-28}}{{cite web

|author=Levashkevich, E.

|language = ru

|url =https://www.dw.com/ru/it-kompaniya-perezhila-repressii-v-minske-i-stala-edinorogom/a-59323360

|title =Микита Микадо: Сейчас невозможно привозить людей в Беларусь

|trans-title=Mikita Mikado: It is now impossible to bring people to Belarus

|publisher = Deutsche Welle

|date = 2021-09-27

|accessdate = 2023-02-28}}

Recognition and awards

  • 2017 — Hot Vendor in Modern Content Management in 2017 by Aragon Research{{Cite news|url=https://aragonresearch.com/hot-vendors-modern-content-management-2017/|title=Hot Vendors in Modern Content Management, 2017|work=Aragon Research|access-date=2017-09-19|language=en-US}}{{Cite news|url=https://www.nuxeo.com/assets/documents/2017-aragon-hot-vendors-on-modern-content-management.pdf|title=Hot Vendors in Modern Content Management, 2017|work=Nuxeo|access-date=2017-09-19|language=en-US}}
  • 2020 — Best Overall SaaS Award Winner by APPEALIE {{cite web|access-date=2025-04-08 |date=2021-01-27 |language=en-US |title=SaaS Awards 2020 - APPEALIE Honors The Very Best In Software |url=https://appealie.com/saas-awards-2020/ |work=APPEALIE SaaS + Cloud Software Awards}}

See also

References

{{reflist}}