2024 Revenue
$19.1M
Customers
2K
Funding
$3.3M
YOY
64.6%
Avg ACV
$9.6K
Team
114
Founded
2013
How Penneo CEO Christian Stendevad grew Penneo to $19.1M revenue and 2K customers in 2024.
Operator of an innovative technology intended to offer cloud-based electronic signature software products. The company's technology help companies to procure legally binding documents from stakeholders, enabling users to have documents signed quickly, easily and securely.
Last updated
Penneo Revenue
In 2024, Penneo's revenue reached $19.1M. The company previously reported $20.2M in 2024. Since its launch in 2013, Penneo has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Penneo Hit $19.1m revenue in November 2024Source | |
| 2024 | Penneo Hit $20.2m revenue in October 2024 | |
| 2023 | Penneo Hit $12.3m revenue in October 2023 | |
| 2021 | Penneo Hit $7.3m revenue in April 2021 | |
| 2013 | Launched with $0 revenue |
Penneo Valuation, Funding Rounds
Penneo has not publicly disclosed its valuation. The company has raised $3.3M in total funding to date.
Penneo has raised $3.3M in total funding across 2 rounds, with its most recent round in 2016.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2016 | Funding round | $2.8M | - | - | |
| 2013 | Funding round | $539K | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Penneo serves 2K customers.
Penneo Employees & Team Size
Penneo employs approximately 114 people as of 2026, down from 128 in 2023, including 14 sales reps that carry a quota. It serves 2K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 114 employees (December 2024) |
| 2024 | Reached 128 employees (October 2024) |
| 2023 | Reached 128 employees (October 2023) |
| 2022 | Reached 120 employees (October 2022) |
| 2021 | Reached 91 employees (December 2021) |
| 2021 | Reached 88 employees (April 2021) |
Frequently Asked Questions about Penneo
What is Penneo's revenue?
Penneo generates $19.1M in revenue.
Who founded Penneo?
Penneo was founded by Christian Stendevad.
Who is the CEO of Penneo?
The CEO of Penneo is Christian Stendevad.
How much funding does Penneo have?
Penneo raised $3.3M.
How many employees does Penneo have?
Penneo has 114 employees.
Where is Penneo headquarters?
Penneo is headquartered in Copenhagen, Denmark.
Compare Penneo to the industry
Penneo operates across multiple industries. Browse revenue, funding, and growth data for Penneo in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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