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Pendo is a company offering a cloud platform for digital product creators and product development teams that is headquartered in Raleigh, North Carolina and was founded in 2013 by Eric Boduch, Erik Troan, Rahul Jain, and Todd Olson. The Pendo cloud platform helps users organize product design, marketing, sales, engineering, and customer success with a focus on creating and managing products. Notable customers using Pendo include: Dude Solutions, OpenTable, Procore, Zendesk, Red Hat, ADP, Infor, Marketo, Cisco, Citrix, PagerDuty, Smart Recruiters, BMC, Okta, LabCrop, and Rapid1.
On January 1, 2014 Pendo announced raising an undisclosed amount of angel funding from Dingman Center for Entrepreneurship.
On November 4, 2014 Pendo announced raising $1 million in seed funding from Core Capital Partners and Contour Venture Partners.
On March 20, 2015 Pendo announced raising $1.3 million in funding through a convertible note from Core Capital Partners and Contour Venture Partners.
On October 28, 2015 Pendo announced raising $11 million in series A funding from Battery Ventures (lead investor), Salesforce Ventures, IDEA Fund Partners, Dingman Center for Entrepreneurship, Core Capital Partners, and Contour Venture Partners.
On December 12, 2016 Pendo announced raising $20 million in series B funding from Spark Capital (lead investor), Salesforce Ventures, IDEA Fund Partners, Core Capital Partners, Contour Venture Partners, and Battery Ventures. The company plans on using their series B funding to improve its product and increase its growth.
On July 13, 2017 Pendo announced raising $25 million in series C funding from Meritech Capital Partners (lead investor), Spark Capital, Salesforce Ventures, IDEA Fund Partners, Core Capital Partners, Contour Venture Partners, and Battery Ventures. The company also announced adding Rob Ward from Meritech Capital Partners to its board of directors for help with future acquisition and international expansion guidance.
On September 12, 2018 Pendo announced raising $50 million in series D funding from Sapphire Ventures (lead investor), Spark Capital, Meritech Capital Partners, Geodesic Capital, FirstMark, Contour Venture Partners, and Battery Ventures.
On October 17, 2019 Pendo announced raising $100 million in series E funding from Sapphire Ventures (lead investor), Tiger Global Management, Meritech Capital Partners, Geodesic Capital, General Atlantic, FirstMark, Cross Creek, and Battery Ventures. The company plans on using their series E funding to expand their operations in the United Kingdom and Europe.
