Business angels have invested more than $ 2 million in AltaIR PandaDoc portfolio portfolio company

The Belarusian company PandaDoc raised more than $ 2 million in a new round of financing. She is a portfolio company of AltaIR Capital . PandaDoc is a service for working with digital signatures and document management.

A group of business angels invested in the project, Firrma reports citing a source in AltaIR. However, AltaIR "has retained a significant stake in the company," according to fund representatives.

“AltaIR will not leave PandaDoc completely,” said the founder of the Foundation, Igor Ryabenky. He also noted that the service is doing well:

The founders are strong leaders and brought the business to a new level in North America. We are sure that the company will continue its successful development. Today, PandaDoc is growing exponentially and deservedly gained recognition among its customers, it managed to expand into several new countries and began to attract large companies to use its large set of document management tools.

Last July, $ 400,000 TMT Investments invested in the company. The investment was carried out on the terms of a convertible loan.
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PandaDoc is located in California. The company was founded by Belarusian entrepreneurs Sergey Barisyuk and Mikita Mikado in June 2013. A little later, they attracted $ 655 thousand from Kima Ventures .

Since its inception, the project has attracted a total of about $ 3.1 million from various investors.