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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
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.
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 | Source |
|---|---|---|---|---|---|
| 2016 | Funding round | $2.8M | - | - | |
| 2013 | Funding round | $539K | - | - |
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Penneo serves 2K customers.
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.
Penneo generates $19.1M in revenue.
Penneo was founded by Christian Stendevad.
The CEO of Penneo is Christian Stendevad.
Penneo raised $3.3M across 2 rounds.
Penneo has 114 employees.
Penneo is headquartered in Copenhagen, Denmark.
Penneo operates across multiple industries. Browse revenue, funding, and growth data for Penneo in each sector below.
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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2024 Revenue
$19.1M
Customers
2K
Funding
$3.3M
Avg ACV
$9.6K
Team
114
Founded
2013
| Year | Milestone | Source |
|---|---|---|
| 2024 | Penneo Hit $19.1m revenue in November 2024 | news.cision.com |
| 2024 | Penneo Hit $20.2m revenue in October 2024 | Estimated |
| 2023 | Penneo Hit $12.3m revenue in October 2023 | Estimated |
| 2021 | Penneo Hit $7.3m revenue in April 2021 | |
| 2013 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 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) |
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