PandaDoc, a Lisbon, Portugal-based document automation platform offering an all-in-one solution for agreement management, has raised €5 million in funding.
Investors
The round was led by Índico Capital Partners, an independent venture capital fund manager based in Portugal that invests in Southern European-focused global and sustainable technology companies. Indico funds focus on deep tech, software-as-a-service (SaaS), marketplaces, artificial intelligence, space tech, fintech, cybersecurity, and ocean-related ventures. Índico’s investments typically range from Seed to Series B (€500k to €10M) in Portuguese, Spanish, and Italian startups.
PandaDoc Use of Funds
The funds will be used to expand PandaDoc’s AI capabilities and grow its Lisbon team as part of its European operations.
About PandaDoc
Founded in 2013 by Mikita Mikado and Serge Barysiuk, PandaDoc is a unified document workflow automation platform that enables sales teams to quickly create, send, track, and e-sign proposals, quotes, and contracts. Its platform also supports invoicing, payments, and other document workflows used by sales, operations, HR, legal, and revenue teams. PandaDoc integrates with CRM, payment, and productivity tools, replacing manual, paper-based processes with streamlined digital workflows. The company serves over 65,000 customers worldwide.
Funding Details
Company: PandaDoc, Inc.
Raised: €5.0M
Round: Unknown
Funding Date: December 2025
Lead Investor: Índico Capital Partners
Additional Investors: –
Company Website: https://www.pandadoc.com/
Software Category: Document Automation / SaaS
Source: https://mailchi.mp/indicocapital/indico-invests-3m-in-pandadoc