About Pendo
Pendo is a product experience platform that helps software companies understand how users engage with their products, drive adoption, and improve retention. Founded in 2013 by Todd Olson, Erik Troan, Eric Boduch, and Rahul Jain in Raleigh, North Carolina, Pendo has raised approximately $469 million in total funding and was most recently valued at approximately $2.6 billion following its Series F in July 2021. The company reported approximately $200 million in annual revenue as of 2024.
Pendo's platform combines product analytics, in-app guides and onboarding, NPS and feedback collection, and roadmap planning in a single integrated suite. This gives product managers, customer success teams, and engineers a unified view of how users interact with their software — and the tools to act on those insights without requiring engineering resources. Customers include Verizon, Morgan Stanley, Salesforce, Zendesk, Okta, and more than 3,700 software companies globally. The company employs approximately 850 people and has grown through both organic expansion and seven acquisitions, including Chisel Labs in February 2026. In 2025, Pendo deepened its AI capabilities to help product teams surface insights, predict churn risk, and automate in-app messaging.
Pendo's Series F was led by Silver Lake, alongside Thoma Bravo, B Capital Group, and Bonfire Ventures. The company secured a $100 million J.P. Morgan credit facility in September 2025 — a strong signal of financial health heading into its next phase of growth.
Funding History
| Round | Date | Amount Raised | Post-Money Valuation | Notable Investors |
|---|---|---|---|---|
| Credit Facility | Sep 2025 | $100M | Undisclosed | J.P. Morgan |
| Series F | Jul 2021 | $150M | ~$2.6B | Silver Lake, Thoma Bravo, B Capital Group, Bonfire Ventures |
| Series E | Oct 2019 | $100M | Undisclosed | Tiger Global Management, Sapphire Ventures, Meritech Capital |
| Series D | 2019 | ~$50M | Undisclosed | Tiger Global Management, Sapphire Ventures |
| Series C | 2018 | ~$35M | Undisclosed | Sapphire Ventures, Battery Ventures |
| Series A/B | 2014–2016 | ~$34M | Undisclosed | Battery Ventures, Salesforce Ventures, various |
Figures sourced from public disclosures. Approximate. For informational purposes only. Not an offer or solicitation.
Company Details
Pendo Stock FAQs
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