M12 returned to reinvest in the document automation software provider to help it increase its overall funding to $55m.
PandaDoc, a US-based provider of document management software, secured $30m on Wednesday from investors including M12, the corporate venturing subsidiary of software producer Microsoft.
Growth equity firm One Peak led the round, which also featured Savano Capital Partners, Rembrandt Venture Partners, the European Bank for Reconstruction and Development’s Venture Capital Investment Programme and private investor David Sipes.
Mikita Mikado, PandaDoc’s founder and chief executive, told TechCrunch the round was a series B2, following $5m in series B1 funding from investors…
