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HomeFinTechPendo: Raises $150M in Series F Funding

Pendo: Raises $150M in Series F Funding

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Pendo Raises $150M in Series F Funding

  • Pendo, a Raleigh, NC-based platform that accelerates product adoption, raised $150m in Series F funding
  • The round, which brought total funding raised to date to $356m and its valuation to $2.6 billion, was led by B Capital Group
  • The company intends to use the funds to accelerate global expansion, strategic acquisitions and continued innovation in the platform
  • The company provides a solution for companies to bridge the gap between how users expect software to work and their experience actually using it
  • It helps product and IT teams drive adoption of the software they build for customers or provide to internal employees
  • The company also announced it has surpassed $100 million in annual recurring revenue

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