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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 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.

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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.

Penneo Revenue GrowthReported revenue / ARR over time$0$5M$10M$15M$20M$25M2013201520172019202120232024$0$7.3M$19.1MSource: GetLatka.com
YearMilestoneQuote
2024Penneo Hit $19.1m revenue in November 2024Source
2023Penneo Hit $12.3m revenue in October 2023
2021Penneo Hit $7.3m revenue in April 2021
2013Launched 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.

Penneo Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)$0$750K$1.5M$2.3M$3M$3.8M2013201420152016$3.3MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2016Funding round$2.8M--
2013Funding round$539K--

Founder / CEO

Christian Stendevad

CEO

Christian Stendevad is listed as CEO at Penneo.

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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.

Penneo Team GrowthReported headcount over time0306090120150201320152017201920212023202400114114Source: GetLatka.com
YearMilestone
2024Reached 114 employees (December 2024)
2024Reached 128 employees (October 2024)
2023Reached 128 employees (October 2023)
2022Reached 120 employees (October 2022)
2021Reached 91 employees (December 2021)
2021Reached 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 across 2 rounds.

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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