Índico Capital Partners invests €5M in PandaDoc

Document automation company PandaDoc has raised €5 million from Índico Capital Partners. Founded in 2013 by Mikita Mikado (CEO) and Serge Barysiuk (CTO), PandaDoc
began in response to inefficiencies in document processes, particularly for
smaller businesses. It later shifted its focus to document automation software,
expanded its operations, and grew internationally. In September 2021, PandaDoc
reached unicorn status with a valuation of more than $1 billion.

Today, PandaDoc provides tools for creating, sending, signing, and
managing business documents digitally. Its platform supports workflows such as
proposals, contracts, quotes, invoicing, and payments, and is used by teams
including sales, operations, HR, legal, and revenue to streamline
document-related processes.

PandaDoc integrates with a range of CRM, payment,
and productivity tools and is designed to replace manual, paper-based document
handling with digital workflows.

PandaDoc has an office in Lisbon that serves as a European hub for the
company, making Portugal an important base for its operations.

We’re thrilled to partner with Índico Capital Partners as we enter our
next chapter of growth. Their deep expertise in AI and track record of scaling
technology companies makes them the ideal partner to help us accelerate our AI
innovation,

said Mikita Mikado, Co-founder and CEO of PandaDoc.

The company said the investment will support its next phase of AI-focused
product development and team growth in Lisbon, drawing on Índico Capital
Partners’ experience in artificial intelligence and scaling companies.