Orrick has advised One Peak Partners as one of the participants in PandaDoc's Series C financing round. Wilson Sonsini Goodrich & Rosati reportedly advised PandaDoc.
The round was led by OMERS Growth Equity and G Squared, with participation from Altos Ventures, Rembrandt Venture Partners, One Peak Partners, and Microsoft's venture arm M12. According to the company, the concluded round values the company at USD 1 billion with proceeds intended "to accelerate the transformation of document experiences that move work forward."
PandaDoc provides an all-in-one document workflow automation platform with eSignature capabilities that "helps fast scaling teams accelerate the ability to create, manage, and sign digital documents, including proposals, quotes and contracts, and more." Founded in 2012 in Minsk, the company moved its headquarters to Silicon Valley in 2014 and currently has main offices in Minsk, Belarus, and St. Petersburg, Florida.
“Documents have always been at the core of how business gets done, but everything around how documents get created, sent, and signed has become so much more dynamic. It is time to transform how documents get done," said PandaDoc CEO and Co-Founder Mikita Mikado. "We’re thrilled with this new investment from our venture and growth partners because it validates our vision of revolutionizing how businesses create and manage contracts, proposals, quotes, forms, and other business documents. This additional funding will allow us to continue to innovate, expand our team, and grow our global footprint to address new, highly lucrative markets."
The Orrick team consisted of Partners Shawn Atkinson and John Harrison and Of Counsel Jason Wu.