PandaDoc explained

PandaDoc
Type:Private
Industry:SaaS
Locations:4
Founder:Mikita Mikado, CEO
Sergey Barysiuk, CTO
Location:San Francisco, California
Owner:PandaDoc, Inc.

PandaDoc is an American software company that provides SaaS software. The platform provides sales processes software. PandaDoc is based in San Francisco, California[1] [2] with main offices in St. Petersburg, Florida.[3] PandaDoc is document automation software as a service with built-in electronic signatures, workflow management, a document builder, and CPQ functionality.[4] Some Belarusian-born employees of the company were persecuted in Belarus for participating in 2020 Belarusian protests.

History

In 2011, the company was founded by Mikita Mikado and Sergey Barysiuk in Minsk, Belarus.[5] In 2014, company headquarters were moved to Silicon Valley.[1] Mikado and Barysiuk initially created Quote Roller in 2011. In 2017, the company opened an office in St. Petersburg, Florida.[6] [7] [8]

In 2015 company raised $5M in Series A, led by Altos Ventures. PandaDoc closed two Series B fundings, B1 in May 2017 with $15M, and B2 in August 2018 worth $30 million led by One Peak Partners.[9] [10] In September 2021, PandaDoc closed a Series C with a $1 billion valuation,[11] thus becoming the first Belarus-originated unicorn.[12] [13]

Software

PandaDoc proposal and contract software is a SaaS product for sales processes.[14]

Features

PandaDoc includes features to create, track and execute documents, as well as functionality for electronic signatures.[15] It consists of features in the following categories: proposals, quotes, team management, content management, branding, tracking, workflow, productivity, etc.[16] It integrates with several CRMs, as well as ERP, payment, cloud storage, and other systems.[17]

Political activity

During 2020–21 Belarusian protests that followed rigged elections, PandaDoc founders offered financial aid and professional retraining (in the tech industry) to the police officers who had lost their jobs because of refusing to illegally suppress protesters.[18] In retaliation, on September 2, 2020, the Minsk office was raided by the authorities,[19] more than a hundred employees were questioned, 7 were detained. A criminal case was opened against four of them.[20] Three of the arrested were conditionally released later that autumn; the last remaining person under arrest, product manager Victor Kunshinov, was released in August 2021. He spent more than 1 year in prison.[21] [22] On 31 August 2021, the authorities of Belarus announced that the case against PandaDoc was closed after the defendants admitted their guilt and compensated the alleged damage.[23]

In 2021-22, the company’s office in Minsk was liquidated, the staff was relocated to Portugal, Poland, the Philippines, and Kyiv.[24] [25]

Recognition and awards

See also

Notes and References

  1. News: Why Microsoft and HubSpot Invested in PandaDoc. en-US. CMSC. 2017-05-29.
  2. News: Smilansky. Oren. 2017-08-28. The 2017 CRM Market Rising Stars: PandaDoc. CRM Magazine. 2017-12-10.
  3. News: PandaDoc St. Petersburg Grand Opening. en-US. Eventbrite. 2017-11-16.
  4. Web site: PandaDoc Is Your One-Stop Shop For Going Paperless At The Office . . https://web.archive.org/web/20170531223151/https://www.businessinsider.com/pandadoc-2014-2 . 2017-05-31 . live .
  5. Web site: Manning . Margie . 2017-11-01 . How a dinner helped woo a San Francisco tech company and 100 jobs to St. Petersburg . 2023-01-04 . www.bizjournals.com.
  6. News: Two Years Down the Road Belarusian Quote Roller Raises 500K Euros. GoalEurope. 2013-05-13. en-US.
  7. News: Company Overview of Quote Roller, Inc.. Bloomberg L.P.. 2017-05-23. en-US.
  8. Web site: 2017-11-02 . San Francisco-based document automation company adds St. Petersburg office . 2023-01-04 . Tampa Bay Times . en.
  9. News: PandaDoc Raises $5 Million in Series A Funding. The Tech Bulletin Inc.. 2015-07-10. en-US.
  10. News: PandaDoc Scores $15 Million Investment to Drive Expansion. TechCrunch. 2017-05-23. 2017-05-23. en-US.
  11. Web site: PandaDoc, the e-document startup, now valued at $1B as it closes a big Series C . TechCrunch. Ingrid . Lunden. 2021-09-22. 2021-09-25.
  12. Web site: PandaDoc с фаундерами-беларусами привлёк инвестиции и стал единорогом. dev.by. 2021-09-22. 2021-09-25. ru.
  13. Web site: Coffey . Lauren . 2021-09-22 . PandaDoc, a San Francisco company with a major St. Pete presence, hits $1B 'unicorn' status . 2023-01-04 . www.bizjournals.com.
  14. News: Improve Sales with PandaDoc Document Management. PCMag. 2016-05-25. en-US.
  15. News: PandaDoc Closes $15 Million Series B, backed by Rembrandt, Microsoft Ventures, HubSpot and Altos. GlobeNewswire. 2017-05-23. en-US.
  16. News: Features - PandaDoc. PandaDoc. 2017-04-17. en-US.
  17. News: PandaDoc Expands Integrations. Destination CRM. 2017-08-18. en-US.
  18. Web site: PandaDoc employees arrested in Belarus after founders protest against Lukashenko regime. 2020-09-05. 2020-09-06. TechCrunch. en-US.
  19. Web site: en . Belarusian authorities raid Minsk office of PandaDoc software-maker: CEO . Reuters . 2020-09-02 . 2022-05-27.
  20. Web site: en . Investigative Committee closes criminal case against four PandaDoc employees . Belsat EU . 2021-08-25 . 2022-01-28.
  21. Web site: en . Belarusian authorities drop fraud case against IT company 'PandaDoc' . Meduza . 2021-08-30 . 2022-01-28.
  22. Web site: Isachenko, A. . ru . Протесты в Беларуси: глава PandaDoc Микита Микадо - об арестах своих сотрудников, исходе IT-сектора из страны и закрытии проекта помощи бывшим ОМОНовцам. Protests in Belarus: PandaDoc head Mikita Mikado on the arrests of his employees, the exodus of the IT sector from the country and the closure of a project to help former riot police . BBC . 2020-09-15 . 2023-02-28.
  23. Web site: Дело PandaDoc закрыто, но остались вопросы. Вот они. dev.by. 2021-08-31. 2021-09-25. ru.
  24. Web site: Daryna Antoniuk . en . Belarusian startup that moved to Ukraine becomes self-declared 'unicorn' with $1 billion valuation . Kyiv Post . 2021-09-24 . 2022-01-28.
  25. Web site: Levashkevich, E. . ru . Микита Микадо: Сейчас невозможно привозить людей в Беларусь. Mikita Mikado: It is now impossible to bring people to Belarus . Deutsche Welle . 2021-09-27 . 2023-02-28.
  26. News: Hot Vendors in Modern Content Management, 2017. Aragon Research. 2017-09-19. en-US.
  27. News: Hot Vendors in Modern Content Management, 2017. Nuxeo. 2017-09-19. en-US.

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