Índico Capital Partners invests €5M in PandaDoc
Document automation company PandaDoc has secured a €5 million investment from Índico Capital Partners. This funding signals continued confidence in the document management space and supports PandaDoc's expansion, particularly in AI-focused product development, boosting Portugal's role as a European tech hub. Founded in 2013 by Mikita Mikado and Serge Barysiuk, PandaDoc provides digital tools for creating, sending, and managing business documents. The platform supports various workflows, including proposals, contracts, and invoicing, and integrates with CRM, payment, and productivity tools, and has reached unicorn status with a valuation of over $1 billion. This investment will enable PandaDoc to accelerate its AI innovation and expand its team in Lisbon. The move benefits both the company and Portugal, emphasizing the nation's rising importance in the European tech landscape, as the Lisbon office acts as a key European hub for PandaDoc. The investment reflects a trend of focusing on AI within document management and automating workflows. This positions PandaDoc to further capitalize on the growing demand for efficient digital solutions, while Portugal strengthens its position within the European tech market.
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