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Pendo Announces $110 Million Secondary Investment Led By Thoma Bravo

PRIVATENov 11, 2021

Amount Raised

$110 Million

Round Type

Secondary Market

RaleighOtherSoftware

Description

Pendo, a company that provides software that makes software better, today announced a $110 million secondary investment led by Thoma Bravo, a leading software investment firm. The investment was carried out through the purchase of secondary shares from Pendo employees and early-stage investors at the company's most recent valuation of $2.6 billion. As one of the largest and most experienced software investors in the world, Thoma Bravo can provide Pendo with significant operational and financial resources to support the company's growth plans, strategic acquisition efforts, and continued product innovation.

Quick answer

Pendo raised $110 Million in a Secondary Market round, dated November 11, 2021. Pendo is based in Raleigh, North Carolina, United States.

How much did Pendo raise?
Pendo raised $110 Million in a Secondary Market round on November 11, 2021.
What does Pendo do?
Pendo's mission is to elevate the world's experience with software.
Where is Pendo based and how big is it?
Pendo is based in Raleigh, North Carolina, United States.
Who are the decision-makers at Pendo?
Fundz holds 1 contact at Pendo. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Pendo that raised within 45 days of this round, from Fundz verified event records.

  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Teesas raised $1.6M (Pre-Seed) on December 24, 2021.
  • I Capital raised an undisclosed amount (Funding Round) on December 24, 2021.
  • Ambar raised $36M (Series C) on December 23, 2021.
  • Vingroup raised $1.5B (Funding Round) on December 23, 2021.

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Company Information

Company

Pendo

Location

301 Hillsborough St

Raleigh, North Carolina, United States

About

Pendo's mission is to elevate the world's experience with software. Pendo customers include the world's leading software companies and digital enterprises, including Verizon, RE/MAX, LabCorp, OpenTable, Okta, Salesforce and Zendesk. Founded in 2013 in the heart of Raleigh, North Carolina, Pendo is backed by Battery Ventures, Spark Capital, Meritech Capital, Sapphire Ventures and B Capital Group. Through its ProductCraft and customer communities, sponsored events and podcast, Pendo aims to support the success of product and digital leaders everywhere.

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Related People

1 contact
Verified contacts24 people are listed at Pendo. We don't have their email yet.See plans and pricing
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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.