PandaDoc has secured €5 million in funding from Índico Capital Partners to enhance its AI capabilities and expand operations in Lisbon.

Target Company Overview

PandaDoc is a leading document automation platform founded in 2013 by Mikita Mikado and Serge Barysiuk. The company achieved unicorn status in 2021, boasting a valuation exceeding $1 billion. PandaDoc specializes in streamlining business workflows by enabling organizations to create, manage, track, and electronically sign various documents, including proposals, contracts, quotes, and invoices. Its robust platform offers features such as document generation, smart content management, workflow automation, e-signatures, analytics, and payment processing, which integrate with CRM and productivity tools to enhance operational efficiency across sales, HR, legal, and finance teams.

Industry Overview in Portugal

Portugal's tech ecosystem has been thriving, particularly in the startup sector, with a growing number of innovative companies emerging in areas such as SaaS and AI. The country has established itself as a vibrant hub for technology and entrepreneurship, highlighted by significant investment inflows from venture capital firms. Portugal offers a favorable environment for startups due to its skilled workforce, competitive costs, and supportive government initiatives aimed at fostering digital transformation.

The document automation and e-signature markets have seen substantial growth, driven by increasing demand for efficiency and digital solutions in business operations. As companies globally