PandaDoc provides document workflow software, including document automation, e-signatures and contract management. It reached a $1 billion valuation in its September 2021 Series C, led by OMERS Growth Equity and G Squared (PandaDoc).
Access to pre-IPO shares is available to accredited investors through UpMarket.
Last Reported Valuation
$1.0B
Series C, 09/22/21, PandaDoc
UpMarket Estimate
$1.0B
Based on UpMarket valuation model
How to Invest in PandaDoc Through UpMarket
PandaDoc shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available PandaDoc offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Why Investors Are Watching PandaDoc
Funding
PandaDoc raises Series C at $1B valuation
PandaDoc, which makes document workflow, e-signature and contract management software, closed a Series C in September 2021 at a $1 billion valuation. The round was led by OMERS Growth Equity and G Squared, with participation from Microsoft's M12.
Product Milestone
PandaDoc launches native MCP server for AI agents
PandaDoc launched a native MCP server in September 2025, allowing compatible AI agents to interact directly with its document and agreement workflows. The company said broader AI drafting and routing features were planned for wider release in 2026.
Product Milestone
PandaDoc extends CPQ quoting tools to Pipedrive
PandaDoc launched CPQ for Salesforce in the first quarter of 2025, then extended its integrated quoting workflow to Pipedrive. The company also added Qualified Electronic Signature support for multi-signer documents and 21 CFR Part 11 compliance for regulated workflows.
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No. As of March 2026, PandaDoc is a private company and does not trade on any public stock exchange. Accredited investors can access PandaDoc shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
PandaDoc does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in PandaDoc shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $2.1B+ in alternative investments since 2019.
Pre-IPO investments carry significant risks. PandaDoc shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of $1.0B is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
PandaDoc was valued at $1B in its September 2021 Series C. Accredited investors can request PandaDoc access through UpMarket.