By: Linda Rosencrance
Digital transaction management provider PandaDoc has closed a $15 million Series B round of funding, led by Rembrandt Venture Partners and joined by Microsoft Ventures, HubSpot, EBRD, and Altos Ventures. To date, PandaDoc has secured $20 million in total funding from investors.
PandaDoc’s document automation, quoting, and e-signature solution integrates with Microsoft Dynamics CRM. The integration lets Dynamics CRM users create, send, electronically sign, track, and analyze data on documents without ever leaving Dynamics CRM.
PandaDoc’s automation platform is also available on Microsoft’s AppSource marketplace for use with Dynamics 365 Enterprise customer experience apps.
“PandaDoc puts into action our desire to help organizations drive efficiency, reduce cost and improve productivity,” said Leo de Luna, managing director at Microsoft Ventures, in a statement. “We see great value in the PandaDoc platform and believe the company’s technology will raise the industry standard for digital transformation.”
PandaDoc integrates with other CRM systems in addition to Dynamics CRM, as well as ERP, payment, cloud storage and other systems, according to company officials.
“We are very excited about this funding round, as we could not have asked for better partners,” stated PandaDoc CEO Mikita Mikado. “Closing our Series B is a testament to the work of our whole team, the quality of our customer service and our innovative software. Our business has grown immensely over the past two years, and the capital raised will allow us to serve even more customers.”