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Pendo

Business/Productivity Software · Raleigh, NC · Founded 2013 · Privately Held (backing)

Developer of a customer engagement analytics platform designed to optimize trial conversions and user onboarding in-product. Pendo is based in Raleigh, NC and was founded in 2013. Its last reported valuation was $2.6 billion in Nov 2021. It has raised $459 million across 1 recorded round; the latest was an $110 million private secondary transaction in Nov 2021.

Last reported valuation
$2.6B
Oct 2026
Priced at
—
Total raised
$458.5M
Last round
Secondary Transaction - Private
Nov 2021

Pendo key facts

as of Oct 2026
  • Developer of a customer engagement analytics platform designed to optimize trial conversions and user onboarding in-product.
  • Pendo is valued at approximately $2.6B as of Oct 2026 (last reported valuation).
  • It has raised $458.5M across 1 recorded rounds; the latest was Secondary Transaction - Private ($110.0M) in Nov 2021.
  • Notable investors include Salesforce Ventures, Spark Capital, Thoma Bravo, Tiger Global Management, B Capital Group — 23 tracked in total.
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$2.6B

Pendo's last reported valuation, Nov 2021. Nothing priced has surfaced since.

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Pendo funding rounds

1 rounds
Nov 2021Secondary Transaction - Private$110.0M▮
Full funding history →

Pendo valuation

Pendo's last reported valuation was $2.6 billion in Nov 2021. No priced round, secondary trade or fund mark has surfaced since.

How much has Pendo raised?

Pendo has raised $459 million in total; 1 of its rounds is on record. The largest on record was an $110 million private secondary transaction in Nov 2021.

Pendo investors

23 investors are on record for Pendo, including Salesforce Ventures, Spark Capital, Thoma Bravo and Tiger Global Management. By type, the record holds 10 venture capital firms, 3 private equity firms and 3 growth equity firms.

Comparable companies

Comparable business/productivity software names by valuation on PrivateMarketView: Quantexa ($2.6 billion), Peregrine ($2.6 billion) and MaintainX ($2.5 billion).

About Pendo

Developer of a customer engagement analytics platform designed to optimize trial conversions and user onboarding in-product. The company's platform offers integrated technology for digital product teams by combining product usage analytics with user guidance, communication, feedback, and planning tools, enabling product teams to make informed decisions about what features to build, which to sunset, and how to accelerate product adoption.

Industry
Business/Productivity Software
Sector
Information Technology
HQ
Raleigh, NC, United States
Founded
2013
Employees
850
Website
pendo.io/
Ownership
Privately Held (backing)

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